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FORTRESS TRANSPORTATION & INFRASTRUCTURE Fortress Transportation and Infrastructure Investors LLC Reports Third Quarter 2021 Results , Declares Dividend of $ 0.33 per Common Share October 28 , 2021 NEW YORK , Oct. 28 , 2021 ( GLOBE NEWSWIRE ) -- Fortress Transportation and Infrastructure Investors LLC ( NYSE : FTAI ) ( the " Company " or " FTAI " ) today reported financial results for the third 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 Provided by 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 . LA LA LA $ $ $ $ A A $ Additional Information Q3'21 43,216 ( 38,871 ) ( 0.44 ) 39,351 96,389 For the third quarter of 2021 , total FAD was $ 39.4 million . This amount includes $ 90.5 million from our aviation leasing portfolio , offset by $ ( 0.2 ) million from our infrastructure business and $ ( 50.9 ) million from corporate and other . Third Quarter 2021 Dividends On October 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 September 30 , 2021 , payable on November 29 , 2021 to the holders of record on November 15 , 2021 . Additionally , on October 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 September 30 , 2021 , payable on December 15 , 2021 to the holders of record on December 1 , 2021 . Business Highlights ■ Long Ridge Energy Generation has commenced commercial operations at its 485 megawatt plant and is selling power to PJM Interconnection LLC . ■ FTAI Aviation has executed a sale leaseback transaction with Alitalia with a novation to ITA for 16 A320 family aircraft , and the transaction is expected to close in Q4 2021 . ■ FTAI Aviation has entered into a purchase agreement with Avianca for the purchase and leaseback of 19 A320 family aircraft , which is subject to court approval . o FTAI expects to enter into secured bridge financing in connection with the abovementioned Alitalia and Avianca transactions . 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 - Q , when available on the Company's website . Nothing on the Company's website is included or incorporated by reference herein . Conference Call