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Fortress Transportation and Infrastructure Investors board authorizes buybacks

Fortress Transportationand Infrastructure Investors LLC's board has authorized a $50 millioncommon share buyback program.

The repurchase program is valid for the next 12 months, the companysaid in its May 3 earnings release. The program may be suspended or discontinuedat any time.

The company may purchase its shares in the open market or inprivately negotiated transactions.