FTAI Aviation Ltd 9.50% Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Stock

Coupon is fixed until 6/15/2028 at 9.50% after which it will reset at the 5 year treasury rate plus a spread of 5.162%. There after the coupon will reset every 5 years.

This is a K-1 issuing security

FTAI Aviation was spun off from Fortress Transportation Infrastructure effective 11/10/2022

Issue is no longer a K-1 issuer.

Ticker: FTAIM

Parent Ticker: FTAI

OTC Grey Market Temporary Ticker: NA

Issuance Date: 03/08/2023

1st Call Date: 06/15/2028

Maturity Date: None

Shares Issued: 2,600,000

Overallotment Shares: 390,000

Coupon: 9.50%

Face Value: $25

Cumulative: Yes

Qualified: Yes

Quarterly Dividend Amount: 0.594

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 15

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: B1

Fitch Rating: B

Egan-Jones Rating: NR

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