Form 4: LIF AIV 1, L.P. Reports Ownership Changes in FTAI Infrastructure Inc.

LIF AIV 1, L.P. and related entities report changes in beneficial ownership of FTAI Infrastructure Inc.'s Series B Preferred Stock and underlying common stock due to a dividend payment.

Summary

• LIF AIV 1, L.P., along with other related entities, filed a Form 4 detailing changes in their beneficial ownership of FTAI Infrastructure Inc. (FIP) securities.
• The changes are primarily due to a dividend payment on the Series B Convertible Junior Preferred Stock held by LIF AIV 1, L.P. and Labor Impact Fund, L.P.
• The dividend resulted in an increase in the stated value of the Series B Preferred Stock and a corresponding increase in the number of common shares into which the preferred stock is convertible.
• As of the report date, the Series B Preferred Stock held by LIF AIV and Labor Impact Fund is convertible into a total of 19,739,202 shares of Common Stock.
• The reporting persons include LIF AIV 1, L.P., Labor Impact Fund, L.P., GCM Investments GP, LLC, Grosvenor Capital Management Holdings, LLLP, GCM Grosvenor Holdings, LLC, GCM Grosvenor Inc., GCM V, LLC, and Michael J. Sacks.
• These entities and individuals may be deemed directors by deputization due to Matthew Rinklin's board service.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, so the sentiment is neutral. The dividend payment is a positive for the holders of the preferred stock, but it's not a major event.

Positives

• The dividend payment on the Series B Preferred Stock increases the value for the holders.

Future Outlook

The document does not contain specific forward-looking statements regarding FTAI Infrastructure Inc.'s future performance.

Industry Context

Form 4 filings are a routine part of regulatory compliance for individuals and entities with significant ownership in publicly traded companies, providing transparency into their transactions.

Stakeholder Impact

• The dividend payment benefits the holders of the Series B Preferred Stock, including LIF AIV 1, L.P. and Labor Impact Fund, L.P.

Key Dates

Keywords

beneficial ownership, Form 4, FTAI Infrastructure Inc., Series B Preferred Stock, dividend, common stock, LIF AIV 1, L.P., Labor Impact Fund, L.P., GCM Investments GP, LLC, Grosvenor Capital Management Holdings, LLLP, GCM Grosvenor Holdings, LLC, GCM Grosvenor Inc., GCM V, LLC, Michael J. Sacks