Welcome to our dedicated page for Air T news (Ticker: AIRTP), a resource for investors and traders seeking the latest updates and insights on Air T stock.
Air T Funding Alpha Income Trust Preferred Securities (NASDAQ: AIRTP) are Alpha Income Preferred trust preferred securities associated with Air T, Inc., a portfolio of aviation-focused businesses and financial assets. News related to AIRTP often reflects developments at Air T, Inc., including its capital structure decisions, preferred share authorization, and communications about distributions on the Alpha Income Preferred securities.
Company announcements have described AIRTP as 8% Trust Preferred securities with a stated par value, and have included schedules of quarterly cash distributions and related record and payment dates. News items have also covered the terms and expiration of AIRTW warrants, which were exercisable for fractional interests in AIRTP under conditions set out in a prospectus and SEC registration statement.
Beyond security-specific updates, Air T, Inc. uses current reports and proxy materials to inform investors about matters such as annual stockholder meetings, proposals to increase authorized preferred shares, and the results of stockholder votes on governance and compensation topics. These disclosures can be relevant to AIRTP holders because they provide insight into the company’s approach to preferred equity and its broader financial strategy.
Other Air T, Inc. news includes information about financing arrangements that support its aviation-related subsidiaries, updated investor presentations, and risk disclosures tied to economic conditions in the aviation industry, customer relationships, and regulatory factors. Together, these items form a news stream that helps investors follow how Air T, Inc. manages its portfolio of overnight air cargo, aviation ground support equipment manufacturing, and commercial aircraft asset management and logistics businesses, and how those activities relate to securities such as AIRTP.
Investors interested in AIRTP can use this news feed to monitor company communications, capital structure updates, and regulatory filings that may influence the risk and return profile of the Alpha Income Preferred securities over time.
Air T, Inc. (NASDAQ:AIRT) announced the record and payment dates for its Alpha Income Preferred (AIP) securities (NASDAQ:AIRTP) for the years 2022 and 2023. AIP holders will receive cash distributions of $0.50 per share, equivalent to an 8.0% annual rate based on par value. Key payment dates include February 15, May 16, August 15, and November 15 for 2022, and similar dates in 2023. Established in 1980, Air T focuses on air cargo, aviation support equipment manufacturing, and aircraft asset management, aiming to enhance cash flow and stakeholder value.
Air T, Inc. (NASDAQ:AIRT) has announced that its Warrants (NASDAQ:AIRTW) to purchase Alpha Income Preferred Securities (NASDAQ:AIRTP) will expire on August 30, 2021, without further extension. The expiration timeline leaves only 42 trading days for warrant holders to exercise their rights, which allows the purchase of Trust Preferred securities at $24.00, below its recent trading value of $25.00. Each Warrant grants the right to buy one-tenth of a share of AIP for $2.40. More information can be found in the company's prospectus on the SEC's website.
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