SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Preferred Stockholders of an Investigation into the Fairness of the Acquisition of DigitalBridge Group, Inc. Accessibility StatementSkip NavigationNEW YORK, March 18, 2026 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:To: All Persons or Entities who purchased DigitalBridge Group, Inc. ("DigitalBridge" or the "Company") (NYSE: DBRG.PRH) Preferred Stock prior to December 28, 2025.You are hereby notified that Levi & Korsinsky, ...

Core Insights - DigitalBridge Group, Inc. is a global digital infrastructure investment firm focusing on data centers, cell towers, and fiber networks, competing with firms like American Tower Corporation and Crown Castle International Corp [1] Financial Performance - DigitalBridge's Return on Invested Capital (ROIC) is 36.04%, while its Weighted Average Cost of Capital (WACC) is 12.96%, resulting in a ROIC to WACC ratio of 2.78, indicating strong value creation for shareholders [2][6] - BrightSpire Capital, Inc. has a negative ROIC of -13.16% and a WACC of 5.97%, leading to a negative ROIC to WACC ratio of -2.20, suggesting it is not generating returns above its cost of capital [3][6] - Zurn Elkay Water Solutions Corporation has a ROIC of 8.78% and a WACC of 7.12%, resulting in a ROIC to WACC ratio of 1.23, indicating less efficient capital utilization compared to DigitalBridge [4][6] - Alignment Healthcare, Inc. and Hayward Holdings, Inc. have ROICs below their WACCs, with ratios of 0.28 and 0.66 respectively, highlighting inefficiencies in capital utilization compared to DigitalBridge [5][6]

Financial Performance - The company reported a fee earning equity under management (FEEUM) of $41.0 billion as of December 31, 2025[384]. - Management fees accounted for $10.9 million for the year ended December 31, 2025, with 4% of FEEUM based on net asset value (NAV) or gross asset value (GAV)[384]. - A hypothetical 10% decline in the fair value of fund investments would decrease principal investment income by approximately $79 million[385]. - Unrealized carried interest would decrease by approximately $110 million due to a hypothetical 10% decline in fair value of fund investments[387]. Market and Currency Risks - The company has limited direct foreign currency exposure, primarily from its InfraBridge advisor subsidiary, which incurs operating costs in Pound Sterling[389]. - The company is exposed to market risks, including interest rates, foreign currency rates, and equity prices, which could affect financial performance[382]. Debt and Investment Positions - The corporate debt exposure to variable interest rates is limited to a VFN revolver, which had no outstanding balance at December 31, 2025[391]. - The company held $115 million in long positions and $74 million in short positions in marketable equity securities as of December 31, 2025[392]. Competitive Landscape and Risks - The investment management business is highly competitive, and poor fund performance could lead to a decline in revenue and necessitate repayment of performance fees[24]. - The company faces risks related to the merger, including potential adverse impacts on business operations and investor relationships if the merger is not completed[20].

Financial Performance - DigitalBridge reported a fourth quarter 2025 GAAP net income of $50 million, or $0.28 per share, and Distributable Earnings of $39 million, or $0.21 per share[7]. - Distributable Earnings increased by 96% year-over-year to $39 million in Q4 2025, and for the full year 2025, it rose by 84% to $96.8 million[14]. - Total revenues for Q4 2025 were reported at $47.9 million, a decrease from $66.2 million in Q4 2024[12]. - Total expenses for Q4 2025 were $74.5 million, compared to $68.2 million in Q4 2024[12]. - Net income attributable to common stockholders for Q4 2025 was $50,396,000, a significant increase from a loss of $19,711,000 in Q4 2024[50]. - Distributable Earnings (After Tax) for Q4 2025 reached $39,013,000, compared to $19,903,000 in Q4 2024, reflecting a year-over-year growth of 96%[50]. - Fee Related Earnings (FRE) for Q4 2025 were $37,744,000, up from $35,424,000 in Q4 2024, indicating a 6.5% increase[50]. - GAAP Fee Revenue for Q4 2025 was $105,746,000, compared to $101,551,000 in Q4 2024, showing a growth of 4.3%[54]. Revenue and Earnings Growth - Fee revenue for Q4 2025 was $105.9 million, a 4% increase year-over-year, and $375 million for the full year 2025, up 14% year-over-year, driven by new capital formation[14]. - Fee Related Earnings (FRE) for Q4 2025 were $37.7 million, with a FRE margin of 36%, and FRE excluding catch-up fees was $31.8 million, a 24% increase year-over-year[19]. - Realized Principal Investment Income in Q4 2025 was $21.1 million, a 307% increase year-over-year, with total realized income for 2025 at $22.9 million, up 25%[20]. - The FRE margin for 2025 increased to 38%, up from 32% in 2024, indicating improved operational efficiency[16]. - Unrealized Principal Investment Income for 2025 was $50.2 million, a 331% increase compared to the previous year[20]. Capital Management - Fee Earning Equity Under Management (FEEUM) reached $41 billion in Q4 2025, an increase of $5.5 billion or 15% year-over-year[14]. - New capital formation during Q4 2025 was $1.5 billion, with a total of $7.5 billion in new FEEUM activated for the full year 2025[14]. - The company had $139 million of available corporate cash as of December 31, 2025, with full availability of a $100 million revolver[14]. - Corporate debt totaled $300 million as of December 31, 2025, with a blended average cost of 3.9%[28]. - Available corporate cash stood at $139 million, reflecting the company's liquidity position[27]. Investments and Assets - Total assets as of Q4 2025 were $3.419 billion, a slight decrease from $3.490 billion in Q3 2025[32]. - Total liabilities decreased from $1,022.1 million in December 2024 to $666.9 million in December 2025[46]. - Stockholders' equity increased from $1,958.6 million in December 2024 to $2,107.3 million in December 2025[46]. - GP Affiliated Investments consolidated total was $1,725.1 million in Q4 2025, down from $1,861.8 million in Q3 2025[44]. Dividend and Shareholder Returns - The Board of Directors declared a cash dividend of $0.01 per common share, to be paid on April 15, 2026[9]. - The company maintained a common dividend of $0.01 per share throughout the quarters, reflecting stable shareholder returns[32]. Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[50].

EARNINGS PRESENTATION 4Q 2025 February 25, 2026 1 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This presentation may contain forward-looking statements within the meaning of the federal securities laws, including statements relating to (i) our strategy, outlook and growth prospects, (ii) our operational and financial targets and (iii) general economic trends and trends in our industry and markets. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategi ...

Group 1 - DigitalBridge (DBRG) is being acquired by SoftBank Group (SFTBY) for $16 per share, making DigitalBridge a subsidiary of SoftBank [1] - The acquisition reflects SoftBank's focus on AI and its strategy to expand its investment portfolio [1] - The equity market serves as a mechanism for wealth creation or destruction over the long term, highlighting the importance of strategic investments [1] Group 2 - Pacifica Yield aims to create long-term wealth by focusing on undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Core Viewpoint - Soros Fund Management made significant adjustments to its investment portfolio in the fourth quarter, focusing on increasing exposure to tech giants while engaging in "buy high, sell low" strategies for energy and cryptocurrency stocks [1]. Group 1: Technology Sector Investments - The fund substantially increased its holdings in core technology stocks, including adding 161,000 shares of Microsoft (MSFT.US), 118,000 shares of Nvidia (NVDA.US), and approximately 66,000 shares of Apple [3]. - In the software and mobility sectors, the fund also increased its positions by acquiring approximately 216,000 shares of Atlassian (TEAM.US), 55,000 shares of Salesforce (CRM.US), and 119,000 shares of Uber (UBER.US) [3]. Group 2: Defensive and Growth Investments - In the defensive sector and consumer space, the fund increased its holdings in utility company Exelon (EXC.US) by approximately 488,000 shares and in gaming giant Electronic Arts (EA.US) by about 318,000 shares [3]. Group 3: Reduction in High Volatility and Financial Stocks - The fund reduced its positions in high-volatility and financial stocks, significantly cutting approximately 168,000 shares of Snowflake (SNOW.US) [4]. - It also reduced its holdings in Circle Internet Group (CRCL.US) by about 151,000 shares and in Interactive Brokers (IBKR.US) by approximately 813,000 shares, indicating a cautious stance towards the financial brokerage sector [5][6]. Group 4: New Positions and Exits - The fund opened new positions by purchasing gold-related assets such as New Gold (NGD.US) and established positions in DigitalBridge (DBRG.US), Blue Owl Capital (OWL.US), Exact Sciences (EXAS.US), and Xcel Energy (XEL.US) [7]. - It completely exited positions in KeyCorp (KEY.US), CareTrust REIT (CTRE.US), Cipher Mining (CIFR.US), and KKR & Co. (KKR.US), indicating a shift away from traditional banking and certain cryptocurrency mining stocks towards more stable or defensive sectors [7]. Group 5: Overall Strategy - The overall strategy of Soros Fund Management in the fourth quarter reflects a clear approach: embracing AI and core tech assets like Microsoft and Nvidia while avoiding high-volatility cloud and data companies like Snowflake, and hedging against macroeconomic uncertainties by investing in gold stocks. This "pick and choose" adjustment strategy highlights the pursuit of certainty and safety margins amid global economic uncertainties [7].

Core Viewpoint - DigitalBridge Group, Inc. will release its financial results for Q4 and the full year ending December 31, 2025, on February 25, 2026, after market close, amid a proposed transaction with SoftBank Group Corp. [1] Financial Results Announcement - The financial results will cover the fourth quarter and the full year ending December 31, 2025 [1] - The announcement is scheduled for February 25, 2026, after market close [1] Conference Call and Guidance - DigitalBridge will not host a conference call or provide detailed financial guidance during the acquisition process with SoftBank Group Corp. [1]

Group 1 - SoftBank Group CEO Masayoshi Son emphasizes that access to artificial superintelligence should be regarded as a fundamental human right, comparable to electricity and motorization [1] - Son warns that countries lacking access to superintelligence or superrobotics in 30 years will be significantly disadvantaged [1] - He also highlights the risk of increasing economic disparities between nations if equal access to technology is not ensured [1] Group 2 - SoftBank Corp, the telecom arm of SoftBank Group, raised its full-year profit outlook, resulting in a share price surge of over 10% during the Tokyo trading session [3] - The positive sentiment was further fueled by a 6% increase in shares on the previous day, following the election victory of Japanese Prime Minister Sanae Takaichi [3] - For the first nine months of fiscal 2025, SoftBank's revenue increased by 8% year over year to 5.2 trillion yen ($33 billion), with operating income also rising 8% to 884 billion yen ($5.69 billion) [4] - The telecom unit has raised its full-year revenue forecast to 6.95 trillion yen ($45 billion) from 6.7 trillion yen ($43 billion) due to strong performance [4]

Core Viewpoint - DigitalBridge Group (NYSE: DBRG) has become a stable investment amid market volatility, primarily due to a definitive all-cash acquisition agreement with SoftBank Group valued at approximately $4 billion, which guarantees a cash payout of $16 per share [3][4]. Group 1 - Global markets are facing significant uncertainty, with trade wars and price fluctuations affecting investment portfolios, making cash a critical asset [3]. - DigitalBridge's stock price is currently stable, trading between $15.30 and $15.40, due to the guaranteed cash offer from SoftBank, which provides certainty for investors [4]. - The acquisition transforms DigitalBridge from a growth stock into a merger arbitrage opportunity, allowing investors to buy shares at around $15.35 with the expectation of a $16 payout [5]. Group 2 - The acquisition by SoftBank creates a stable arbitrage opportunity, serving as a defensive anchor for investment portfolios [6]. - DigitalBridge controls significant secured power capacity, positioning it as a vital infrastructure partner for the growing artificial intelligence ecosystem [6]. - Management is actively pursuing strategic growth initiatives and asset deployment while maintaining operational resilience during the merger process [6].