Emmet Barta's avatar
$16.6m follower assets
$FTAI Made big jump today after this news .
Fortress Transportation, Infrastructure Reports Confidential
Submission Of Form 10 Registration Statement For Potential Spin-Off Of
Infrastructure Business
4:19 pm ET December 20, 2021 (Benzinga) Print
Transportation and Infrastructure Investors LLC (NYSE:FTAI) today
announced that it has confidentially submitted with the U.S. Securities
and Exchange Commission (SEC) a Form 10 registration statement with
respect to the potential spin-off of its infrastructure business.

FTAI believes that, if completed, the potential spin-off would allow
each company to more effectively pursue its distinct operating
priorities, strategies and capital allocation policies, while also
allowing shareholders to separately evaluate and value the companies
based on their distinct markets, strategies and performance.

If FTAI proceeds with the spin-off, it would be intended to be
structured as pro rata distribution to all FTAI common shareholders as
of a record date to be determined by FTAI’s board of directors. If
completed, upon effectiveness of the transaction, FTAI common
shareholders would own shares of both companies.

Completion of the potential transaction would be subject to various
conditions, including final approval of FTAI’s board of directors, and
there can be no assurance that the potential spin-off transaction will
be completed in the manner described above, or at all. If FTAI proceeds
with the spin-off, it currently would expect to complete the transaction
in the first half of 2022. In connection with the foregoing, Skadden,
Arps, Slate, Meagher & Flom LLP is serving as legal advisor.
post media
Emmet Barta's avatar
$16.6m follower assets
$FTAI has been one of the best advice stocks I got this past week, the growth of this in the short time has been wonderful
Emmet Barta's avatar
$16.6m follower assets
Flying under the radar is a small-cap aviation stock that could be
ready to pop -- especially if the Omicron variant fizzles as a threat
next year.

Fortress Transportation & Infrastructure Investors (ticker:
FTAI) is a major player in leasing aircraft engines to passenger and
freight carriers. Structured as a limited partnership, or LP, it also
owns infrastructure assets including railways, an energy terminal, and a
power plant.

More than two-thirds of Fortress's revenue comes from aviation,
which, needless to say, is under pressure. But sales are expected to
jump 74% from $492 million in 2021 to $857 million next year
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