NEW YORK, Aug. 01, 2022 (GLOBE NEWSWIRE) — FTAI Infrastructure Inc. (NASDAQ: FIP) announced today that it has successfully completed its spin-off from Fortress Transportation and Infrastructure Investors LLC on August 1, 2022. Starting on August 2, 2022, FTAI Infrastructure will begin trading on the Nasdaq under the ticker symbol “FIP” and FTAI will resume trading under the ticker symbol “FTAI”. Holders of FTAI common shares as of the record date of July 21, 2022 and through the distribution date of August 1, 2022, and those who purchased FTAI common shares on the “regular-way” market after the close of business on the record date and up to and including through the distribution date, have been electronically issued one share of FTAI Infrastructure common stock for each FTAI common share held.
About FTAI Infrastructure Inc.
FTAI Infrastructure acquires, develops, and operates assets and businesses that represent critical infrastructure for customers in the transportation and energy industries. FTAI Infrastructure targets assets that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation. FTAI Infrastructure is externally managed by an affiliate of Fortress Investment Group LLC, a leading, diversified global investment firm.
