“Through our acquisitions and investments, along with our ongoing support of the dynamic leadership within our portfolio of powerful companies, we seek to focus our resources, activate growth and deliver long-term value creation for everyone associated with Air T, Inc.”
— Nick Swenson, Chairman & CEO
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Air T, Inc. Announces Reverse Split of Alpha Income Preferred Securities (AIRTP)
Effective January 14, 2020
Denver, NC – January 7, 2020 – Air T, Inc. (NASDAQ: AIRT) (“Air T”) announced today that a one-for-ten reverse split of its Alpha Income Preferred (AIP) securities (NASDAQ: AIRTP) will be completed effective January 14, 2020. The record date for the reverse split will be January 14, 2020, and as of that date, the CUSIP number for the AIP will be 00919P 120. Cash will be paid for fractional shares of AIP.
DENVER, NC, November 12, 2019 — Air T, Inc. (NASDAQ: AIRT) is organized as a portfolio of powerful businesses, each of which is independent yet interrelated. These include overnight air cargo operations; ground support equipment manufacturing; ground support equipment maintenance services; and commercial aircraft management, leasing and logistics. Today the Company announced results for its fiscal quarter ended September 30, 2019.
Air T, Inc. Announces Record Date, Payment Date and Payment Rate for Distribution on Alpha Income Preferred Securities
DENVER, N.C., November 5, 2019 — Air T, Inc. (NASDAQ: AIRT) (“Air T”) announced today the record date, payment date and payment rate for the next quarterly cash distribution on its Alpha Income Preferred (AIP) securities (NASDAQ: AIRTP), which provide for distributions at the rate of 8.0% per annum on the stated value of $2.50 per share of AIP. The distribution payment date will be Friday, November 15, 2019, to holders as of the Record Date of November 14, 2019. This distribution will cover the period from August 27, 2019, the date of the previous distribution, to the payment date of November 15, 2019, and the distribution will be in the amount of $0.0433 per share of AIP.