Air T, Inc. Announces Final Distribution Date and Ratios for Alpha Income Preferred Securities and Warrants and 50% Common Stock Dividend
Air T, Inc. (AIRT)
US:NASDAQ Investor Relations:
airt.net/investors
Company Research
Source: PR Newswire
DENVER, N.C., June 10, 2019 /PRNewswire/ -- Air T, Inc. (NASDAQ: AIRT) ("Air T") announced today the final distribution date and distribution ratios for its previously announced issuance and distribution of (1) $4 million in face value of Alpha Income Preferred (AIP), a new 8% fixed income trust preferred security, and (2) warrants to purchase up to an additional $21 million in face value of AIP at an exercise price equal to 96% of face value. The distribution date will be Monday, June 10, 2019, and the AIP and warrants will be distributed pro rata to existing holders of Air T common stock as of the Record Date of June 4, 2019. For each share of Air T common stock held on the Record Date, Air T will distribute 0.792161 shares of AIP and 4.158844 warrants. Also on June 10, 2019, Air T is effecting a 50% common stock dividend (equivalent to a three-for-two stock split) to holders of the common stock as of the Record Date. The AIP (symbol "AIRTP") and the warrants (symbol "AIRTW") wi
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AIRT
Sec Filings
- 4/25/24 - Form 424B5
- 4/5/24 - Form 8-K
- 4/4/24 - Form 8-K
- AIRT's page on the SEC website