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FORTRESS TRANSPORTATION & INFRASTRUCTURE FTAI Reports First Quarter 2021 Results , Dividend of $ 0.33 per Common Share April 29 , 2021 NEW YORK , April 29 , 2021 ( GLOBE NEWSWIRE ) -- Fortress Transportation and Infrastructure Investors LLC ( NYSE : FTAI ) ( the " Company " or " FTAI " ) today reported financial results for the first quarter 2021. The Company's consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release . Financial Overview ( in thousands , except per share data ) Selected Financial Results Net Cash Used in Operating Activities Net Loss Attributable to Shareholders Basic and Diluted Loss per Common Share Funds Available for Distribution ( " FAD " ) ( 1 ) Adjusted EBITDA ( 1 ) Q1'21 $ ( 48,932 ) $ ( 34,540 ) $ ( 0.40 ) EA EA EA $ 14,407 $ 47,154 ( 1 ) For definitions and reconciliations of non - GAAP measures , please refer to the exhibit to this press release . For the first quarter of 2021 , total FAD was $ 14.4 million . This amount includes $ 60.6 million from our aviation leasing portfolio , offset by $ ( 3.8 ) million from our infrastructure business and $ ( 42.4 ) million from corporate and other . First Quarter 2021 Dividends On April 29 , 2021 , the Company's Board of Directors ( the " Board " ) declared a cash dividend on its common shares of $ 0.33 per share for the quarter ended March 31 , 2021 , payable on May 25 , 2021 to the holders of record on May 14 , 2021 . Additionally , on April 29 , 2021 , the Board declared cash dividends on its Fixed - to - Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares ( " Series A Preferred Shares " ) , Fixed - to - Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares ( " Series B Preferred Shares " ) and Fixed Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares ( " Series C Preferred Shares " ) of $ 0.51563 , $ 0.50000 and $ 0.45833 per share , respectively , for the quarter ended March 31 , 2021 , payable on June 15 , 2021 to the holders of record on June 1 , 2021 . Additional Information For additional information that management believes to be useful for investors , please refer to the presentation posted on the Investor Relations section of the Company's website , www.ftandi.com , and the Company's Quarterly Report on Form 10 - K , when available on the Company's website . Nothing on the Company's website is included or incorporated by reference herein . Conference Call The Company will host a conference call on Friday , April 30 , 2021 at 8:00 A.M. Eastern Time . The conference call may be accessed by dialing ( 877 ) 447-5636 ( from within the U.S. ) or ( 615 ) 247-0080 ( from outside of the U.S. ) ten minutes prior to the scheduled start of the call ; please reference " FTAI First Quarter 2021 Earnings Call . " A simultaneous webcast of the conference call will be available to the public on a listen - only basis at www.ftandi.com . Following the call , a replay of the conference call will be available after 12:00 P.M. on Friday , April 30 , 2021 through 11:30 A.M. Friday , May 7 , 2021 at ( 855 ) 859-2056 ( from within the U.S. ) or ( 404 ) 537-3406 ( from outside of the U.S. ) , Passcode : 8347267 . About Fortress Transportation and Infrastructure Investors LLC Fortress Transportation and Infrastructure Investors LLC owns and acquires high quality infrastructure and equipment that is essential for the transportation of goods and people globally . FTAI targets assets that , on a combined basis , generate strong and stable cash flows with the potential for earnings growth and asset appreciation . FTAI is externally managed by an affiliate of Fortress Investment Group LLC , a leading , diversified global investment firm . Cautionary Note Regarding Forward - Looking Statements Certain statements in this press release may constitute forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward - looking statements , many of which are beyond the Company's control . The Company can give no assurance that its expectations will be attained and such differences may be material . Accordingly , you should not