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FORTRESS TRANSPORTATION & INFRASTRUCTURE FTAI Reports Second Quarter 2021 Results , Declares Dividend of $ 0.33 per Common Share , Announces Closing of Transtar Acquisition , and Progression of Plan to Separate FTAI into Aerospace and Infrastructure Companies July 28 , 2021 NEW YORK , July 28 , 2021 ( GLOBE NEWSWIRE ) -- Fortress Transportation and Infrastructure Investors LLC ( NYSE : FTAI ) ( the " Company " or " FTAI " ) today reported financial results for the second 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 ) ( 1 ) For definitions and reconciliations of non - GAAP measures , please refer to the exhibit to this press release . Q2'21 $ ( 14,992 ) $ ( 36,534 ) $ ( 0.42 ) $ 68,341 $ 67,954 For the second quarter of 2021 , total FAD was $ 68.3 million . This amount includes $ 116.2 million from our aviation leasing portfolio , offset by $ ( 2.5 ) million from our infrastructure business and $ ( 45.4 ) million from corporate and other . Second Quarter 2021 Dividends On July 28 , 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 June 30 , 2021 , payable on August 30 , 2021 to the holders of record on August 16 , 2021 . Additionally , on July 28 , 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 $ 0.51563 per share , respectively , for the quarter ended June 30 , 2021 , payable on September 15 , 2021 to the holders of record on September 1 , 2021 . Business Highlights • Closed Transtar , LLC acquisition • Executed 10 - year refined products hub deal with ExxonMobil • Executed a 12 - plane , four - year lease deal for A319's currently on lease with a major U.S. carrier • Launched $ 425 million municipal financing at Jefferson Energy Companies • Plan to separate into Aerospace and Infrastructure companies progressing 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 Thursday , July 29 , 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 Second 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 . A replay of the conference call will be available after 12:00 P.M. on Thursday , July 29 , 2021 through 10:30 A.M. Thursday , August 5 , 2021 at ( 855 ) 859-2056 ( from within the U.S. ) or ( 404 ) 537-3406 ( from outside of the U.S. ) , Passcode : 9546998 . About Fortress Transportation and Infrastructure Investors LLC