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FTAI Aviation Ltd. 8-K Report: Preferred Shares Insights & Future Outlook

$FTAI
Form 8-K
Filed on: 2024-12-30
Source
FTAI Aviation Ltd. 8-K Report: Preferred Shares Insights & Future Outlook

Here's a summary of the key information extracted from the provided financial report section:

  1. Entity Information:
  • Company Name: FTAI Aviation Ltd.
  • CIK: 0001590364
  • Address: 415 West 13th Street, 7th Floor, New York, NY 10014
  • Phone: 332-239-7600
  • Exchange: NASDAQ
  1. Reporting Period:
  • Report Date: December 30, 2024
  1. Stock Classes Mentioned:
  • Ordinary Shares: Par value of $0.01 per share.
  • Preferred Shares:
    • 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares (Ticker: FTAI)
    • 8.25% Fixed Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares (Ticker: FTAIO)
    • 9.50% Fixed Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares (Ticker: FTAIN)
  1. Key Attributes:
  • The preferred shares are categorized as cumulative and redeemable, indicating that they have features that allow the company to repurchase them under certain conditions, and they accumulate dividends if not paid on time.
  1. Identifiers and Context:
  • The report includes various context IDs linked to specific series of stock, indicating a structured reporting of different classes of stock within the filing.
  1. Filing Type:
  • Filing Type: 8-K (a form used to report major events that shareholders should know about).

Insights:

  • FTAI Aviation Ltd. is maintaining a diverse capital structure with ordinary and multiple series of preferred shares, which may appeal to different types of investors based on their yield preferences.
  • The presence of cumulative features in the preferred shares provides a safety net for investors, ensuring that missed dividends must be paid in the future.
  • The report is dated at the end of December 2024, indicating that it is a forward-looking report likely detailing anticipated financial performance or structural changes in the company.

This information can be useful for investors analyzing the company's capital structure, dividend policies, and the potential risks and rewards associated with its preferred shares.