NEW YORK, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NASDAQ: FTAI), a Delaware limited liability company (“FTAI” or the “Company”), announced today that its shareholders have voted to approve and adopt the previously announced merger agreement, dated August 12, 2022, by and among FTAI, FTAI Finance Holdco Ltd., which following the completion of the merger will be named FTAI Aviation Ltd. (“FTAI Aviation”), and FTAI Aviation Merger Sub LLC.
FTAI’s public common shareholders will not need to take any action in connection with the merger. Pursuant to the merger, shares of FTAI will be exchanged automatically for shares of FTAI Aviation without any further action from the shareholders and FTAI will become a subsidiary of FTAI Aviation. Following the merger, the ordinary shares and preferred shares of FTAI Aviation are expected to continue to trade on Nasdaq under the existing ticker symbols “FTAI,” “FTAIP,” “FTAIO” and “FTAIN,” respectively. The closing of the merger is anticipated to occur on November 10, 2022.