DigitalBridge Group Announces Change of Control Conversion Rights for Series I Preferred Stock

Preferred shares not converted under the acquisition-related conversion right will retain their existing terms and conditions.

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10/01/2026 - 08:30 AM

BOCA RATON, Fla.--(BUSINESS WIRE)-- DigitalBridge Group, Inc. (“DigitalBridge”), a leading global investor in digital infrastructure, today announced that, as a result of its acquisition by affiliates of SoftBank Group Corp. on September 30, 2026, holders of its 7.15% Series I Cumulative Redeemable Perpetual Preferred Stock (the “Series I Preferred Stock”) will have the right, until the close of business on October 22, 2026, to convert each share of Series I Preferred Stock into $14.43 in cash (the “Change of Control Conversion Right”). Thereafter, holders of Series I Preferred Stock will no longer have the right to exercise the Change of Control Conversion Right in connection with the acquisition of DigitalBridge by affiliates of SoftBank Group Corp. (the “Transaction”) and the holders' shares of Series I Preferred Stock will remain outstanding.

Additional information regarding the conversion is included in a Notice of Change of Control that has been distributed to holders of Series I Preferred Stock. Holders who wish to convert their Series I Preferred Stock should contact their broker, bank or other nominee. Equiniti Trust Company, LLC is serving as the conversion agent and can be contacted at:

Equiniti Trust Company, LLC
OnBase 1110 Centre Pointe Curve, Suite 101
Mendota Heights, MN 55120
Attn: Barry S. Rosenthal
Email: Barry.Rosenthal@equiniti.com
Phone: 917-589-4994

As disclosed in the Company’s current report on Form 8-K filed on September 30, 2026, the Company intends to issue separate notices to holders of the Series H Preferred Stock on October 7, 2026 and to holders of the Series J Preferred Stock on October 14, 2026 in connection with their change of control conversion rights.

The terms and conditions of each series of preferred stock will remain unchanged for any shares that are not converted pursuant to the change of control conversion right in connection with the Transaction. A copy of the terms of the Series I Preferred Stock was included as Exhibit 3.3 to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission and available at www.sec.gov.

About DigitalBridge

DigitalBridge is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of more than 30 years investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells, and edge infrastructure, DigitalBridge manages infrastructure assets on behalf of its limited partners and shareholders. The firm is headquartered in Boca Raton, Florida, with offices across North America, Europe, the Middle East, and Asia. For more information, visit www.digitalbridge.com.