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Air T, Inc. Announces Dividend Dates for Air T Funding Alpha Income Preferred Securities (AIRTP)
CHARLOTTE, NC, January 22, 2024 - Air T, Inc. (NASDAQ: AIRT) ("Air T") announces the following dividend dates and record dates for Air T Funding Alpha Income
About this update from Air T, Inc.
[{"type":"text","content":"CHARLOTTE, NC, January 22, 2024 - Air T, Inc. (NASDAQ: AIRT) (\"Air T\") announces the following dividend dates and record dates for Air T Funding Alpha Income Preferred (AIP) securities (NASDAQ: AIRTP) during 2024 and 2025. Cash distributions on the AIP are in the amount of $0.50 per share (a rate of 8.0% per annum).Dividend Date:Record Date:February 15, 2024February 14, 2024May 15, 2024May 14, 2024August 15, 2024August 14, 2024November 15, 2024November 14, 2024February 18, 2025February 14, 2025May 15, 2025May 14, 2025August 15, 2025August 14, 2025November 17, 2025November 14, 2025Dividend Date:Record Date:February 15, 2024February 14, 2024May 15, 2024May 14, 2024August 15, 2024August 14, 2024November 15, 2024November 14, 2024February 18, 2025February 14, 2025May 15, 2025May 14, 2025August 15, 2025August 14, 2025November 17, 2025November 14, 2025ABOUT AIR T, INC.Established in 1980, Air T Inc. is a portfolio of powerful businesses and financial assets, each of which is independent yet interrelated. Its core segments are overnight air cargo, aviation ground support equipment manufacturing and sales, commercial jet engines and parts, and corporate and other. We seek to expand, strengthen and diversify Air T's after-tax cash flow per share. Our goal is to build Air T's core businesses, and when appropriate, to expand into adjacent and other industries. We seek to activate growth and overcome challenges while delivering meaningful value for all stakeholders. For more information, visit www.airt.net.FORWARD-LOOKING STATEMENTSCertain statements in this press release, including those contained in \"Overview,\" are \"forward-looking\" statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the Company's financial condition, results of operations, plans, objectives, future performance and business. Forward-looking statements include those preceded by, followed by or that include the words \"believes\", \"pending\", \"future\", \"expects,\" \"anticipates,\" \"estimates,\" \"depends\" or similar expressions. These forward-looking statements involve risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements, because of, among other things, potential risks and uncertainties, such as:An inability to finance our operations through bank ...