DigitalBridge Preferred Shares Face Delisting After SoftBank Acquisition
The delisting of four DigitalBridge preferred share classes removes a publicly traded income instrument from US exchanges, leaving retail holders with limited options to exit at market prices.
DigitalBridge Group, Inc. (ticker: DBRG), a US-listed digital infrastructure real estate investment trust, has announced it will delist multiple series of its preferred stock from public exchanges following its acquisition by an affiliate of SoftBank Group Corp., according to a Seeking Alpha report published October 3, 2026.
The preferred shares scheduled for delisting include the 7.125% Series H Cumulative Redeemable Perpetual Preferred Stock, among other series. The Seeking Alpha report identified the affected tickers as classes of DBRG preferred stock that trade on US exchanges and are held by income-focused retail and institutional investors.
DigitalBridge Group is headquartered in Boca Raton, Florida, and has operated as a REIT focused on digital infrastructure assets including cell towers, data centers, and fiber networks. The company converted from a diversified real estate platform to a digital infrastructure specialist between 2019 and 2021, according to the company's prior SEC filings.
SoftBank Group Corp., a Japanese conglomerate, completed the acquisition of DigitalBridge through an affiliate. The acquisition triggered the delisting announcement. The precise timeline for when trading in the preferred shares will cease has not been publicly confirmed in the available source material. That date would be disclosed in a formal SEC filing or exchange notification from DigitalBridge or its successor entity.
Cumulative redeemable perpetual preferred shares, such as the Series H, carry a fixed dividend rate, in this case 7.125% annually on par value, and are structured to pay accumulated dividends before any common stock distributions. Because they are perpetual, they carry no mandatory maturity date at which the company must redeem them at par, making exchange liquidity the primary mechanism for investors to exit a position at a known price.
When a preferred share class is delisted from a major exchange such as the NYSE, holders lose access to continuous public price discovery and the ability to sell shares through a standard brokerage account at transparent market prices. Shares may continue to trade over the counter, but OTC markets for preferred securities typically carry wider bid-ask spreads and lower daily volume than exchange-listed equivalents, according to general market structure data published by FINRA.
The delisting is relevant to US retail investors who hold these preferred shares inside taxable brokerage accounts, IRAs, or other investment vehicles. Income-focused investors who purchased the preferred shares specifically for the fixed dividend stream and exchange liquidity will need to evaluate their options before trading is suspended on the listed exchanges.
Investors seeking clarity on their rights as preferred holders, including whether a redemption at par value is planned, should review any SEC filings submitted by DigitalBridge or its SoftBank-affiliated successor. A Schedule TO, a Form 8-K disclosing material events, or an SEC-registered tender offer would each contain binding terms. As of the date of this report, no such redemption at par has been confirmed in available public sources.
The situation is not unique in REIT history. When a publicly traded REIT is taken private or absorbed into a private entity, preferred shareholders frequently face delisting without a simultaneous tender offer at par. Whether SoftBank's affiliate intends to redeem the preferred shares, allow them to remain outstanding as unlisted instruments, or pursue another structure is not confirmed in the available source material.
US investors holding DBRG preferred shares should monitor the company's SEC EDGAR filing page and any exchange notices from the NYSE for formal delisting dates and any announced redemption terms.