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Air T, Inc. Announces Record and Payment Dates for Alpha Income Preferred Securities (AIRTP)
DENVER, NC / ACCESSWIRE / February 10, 2022 / Air T, Inc. (NASDAQ:AIRT) ("Air T") announces the following record dates and payments dates for its Alpha Income
About this update from Air T, Inc.
[{"type":"text","content":"DENVER, NC / ACCESSWIRE / February 10, 2022 / Air T, Inc. (NASDAQ:AIRT) (\"Air T\") announces the following record dates and payments dates for its Alpha Income Preferred (AIP) securities (NASDAQ:AIRTP) during 2022 and 2023. Cash distributions on the AIP are in the amount of $0.50 per share (a rate of 8.0% of par value per annum).Payment Date:Record Date:February 15, 2022February 14, 2022May 16, 2022May 13, 2022August 15, 2022August 12, 2022November 15, 2022November 14, 2022February 15, 2023February 14, 2023May 15, 2023May 12, 2023August 15, 2023August 14, 2023November 15, 2023November 14, 2023ABOUT 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 commercial aircraft asset management and logistics. 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.netFORWARD-LOOKING STATEMENTSCertain matters discussed in this press release may be considered forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). These forward-looking statements are subject to risks, uncertainties and assumptions about our operations and the investments we make, including, among other things, factors discussed under the heading \"Risk Factors\" in our Form 10-K, as well as the following:Economic conditions in the Company's markets, particularly the aviation industry;The risk that contracts with FedEx could be terminated or adversely modified;The risk that the number of aircraft operated for FedEx could be reduced;The risks faced by commercial aircraft operators and maintenance, repair and overhaul companies because they are our customers.Our engine values and lease rates, which are dependent on the status of the types of aircraft on which engines are installed, and other factors.The Company and its customers operate in a highly regulated industry and changes in economic conditions, laws or regulations may adversely affect our abili...