🔴 FTAI is trading 5.2% down today after announcing redemption of preferred shares

FTAI is trading 5.2% down at $245.52 after the company announced a significant change to its capital structure.

• The company announced today it will redeem all of its outstanding 8.25% Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares on June 15, 2026.
• All 4,200,000 outstanding shares will be redeemed at a price of $25.00 per share in cash, plus any accrued and unpaid distributions.
• This move, while potentially beneficial for the company's capital structure long-term, introduces short-term uncertainty and is occurring amid broader market pressure.