Aircastle (AYR)

 

 

In addition, the equity markets in general have frequently experienced substantial price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of companies traded in those markets. Changes in economic conditions in the U.S., Europe or globally could also impact our ability to grow profitably. These broad market and industry factors may materially affect the market price of our common shares, regardless of our business or operating performance. In the past, following periods of volatility in the market price of a company’s securities, securities class-action litigation has often been instituted against that company. Such litigation, if instituted against us, could cause us to incur substantial costs and divert management’s attention and resources, which could have a material adverse effect on our business, financial condition and results of operations.

 

Future debt, which would be senior to our common shares upon liquidation, and additional equity securities, which would dilute the percentage ownership of our then current common shareholders and may be senior to our common shares for the purposes of dividends and liquidation distributions, may adversely affect the market price of our common shares.

 

In the future, we may attempt to increase our capital resources by incurring debt or issuing additional equity securities, including commercial paper, medium-term notes, senior or subordinated notes or loans and series of preference shares or common shares. Upon liquidation, holders of our debt investments and preference shares and lenders with respect to other borrowings would receive a distribution of our available assets prior to the holders of our common shares. Additional equity offerings would dilute the holdings of our then current common shareholders and could reduce the market price of our common shares, or both. Preference shares, if issued, could have a preference on liquidating distributions or a preference on dividend payments. Restrictive provisions in our debt and/or preference shares could limit our ability to make a distribution to the holders of our common shares. Because our decision to incur more debt or issue additional equity securities in the future will depend on market conditions and other factors beyond our control, we cannot predict or estimate the amount, timing or nature of our future capital raising activities. Thus, holders of our common shares bear the risk of our future debt and equity issuances reducing the market price of our common shares and diluting their percentage ownership.

 

 

If the market price of our common shares declines significantly,
shareholders may be unable to resell their shares at or above
their purchase price. The market price or trading volume of our
common shares could be highly volatile and may decline
significantly in the future in response to various factors, many
of which are beyond our control, including:

 

 

 

In addition, the equity markets in general have frequently
experienced substantial price and volume fluctuations that have
often been unrelated or disproportionate to the operating
performance of companies traded in those markets. Changes in
economic conditions in the U.S., Europe or globally could also
impact our ability to grow profitably. These broad market and
industry factors may materially affect the market price of our
common shares, regardless of our business or operating
performance. In the past, following periods of volatility in the
market price of a company’s securities, securities
class-action
litigation has often been instituted against that company. Such
litigation, if instituted against us, could cause us to incur
substantial costs and divert management’s attention and
resources, which could have a material adverse effect on our
business, financial condition and results of operations.

 

Future
debt, which would be senior to our common shares upon
liquidation, and additional equity securities, which would
dilute the percentage ownership of our then current common
shareholders and may be senior to our common shares for the
purposes of dividends and liquidation distributions, may
adversely affect the market price of our common
shares.

 

In the future, we may attempt to increase our capital resources
by incurring debt or issuing additional equity securities,
including commercial paper, medium-term notes, senior or
subordinated notes or loans and series of preference shares or
common shares. Upon liquidation, holders of our debt investments
and preference shares and lenders with respect to other
borrowings would receive a distribution of our available assets
prior to the holders of our common shares. Additional equity
offerings would dilute the holdings of our then current common
shareholders and could reduce the market price of our common
shares, or both. Preference shares, if issued, could have a
preference on liquidating distributions or a preference on
dividend payments. Restrictive provisions in our debt
and/or
preference shares could limit our ability to make a distribution
to the holders of our common shares. Because our decision to
incur more debt or issue additional equity securities in the
future will depend on market conditions and other factors beyond
our control, we cannot predict or estimate the amount, timing or
nature of our future capital raising activities. Thus, holders
of our common shares bear the risk of our future debt and equity
issuances reducing the market price of our common shares and
diluting their percentage ownership.

 

 

 

In addition, the equity markets in general have frequently experienced substantial price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of companies traded in those markets. Changes in economic conditions in the U.S., Europe or globally could also impact our ability to grow profitably. These broad market and industry factors may materially affect the market price of our common shares, regardless of our business or operating performance. In the past, following periods of volatility in the market price of a company’s securities, securities class-action litigation has often been instituted against that company. Such litigation, if instituted against us, could cause us to incur substantial costs and divert management’s attention and resources, which could have a material adverse effect on our business, financial condition and results of operations.

 

Future debt, which would be senior to our common shares upon liquidation, and additional equity securities, which would dilute the percentage ownership of our then current common shareholders and may be senior to our common shares for the purposes of dividends and liquidation distributions, may adversely affect the market price of our common shares.

 

In the future, we may attempt to increase our capital resources by incurring debt or issuing additional equity securities, including commercial paper, medium-term notes, senior or subordinated notes or loans and series of preference shares or common shares. Upon liquidation, holders of our debt investments and preference shares and lenders with respect to other borrowings would receive a distribution of our available assets prior to the holders of our common shares. Additional equity offerings would dilute the holdings of our then current common shareholders and could reduce the market price of our common shares, or both. Preference shares, if issued, could have a preference on liquidating distributions or a preference on dividend payments. Restrictive provisions in our debt and/or preference shares could limit our ability to make a distribution to the holders of our common shares. Because our decision to incur more debt or issue additional equity securities in the future will depend on market conditions and other factors beyond our control, we cannot predict or estimate the amount, timing or nature of our future capital raising activities. Thus, holders of our common shares bear the risk of our future debt and equity issuances reducing the market price of our common shares and diluting their percentage ownership in us.