SoFi to redeem all Series 1 Preferred Stock on May 29, 2024, saving ~$29.3M in dividends

SoFi Technologies, Inc.

Will redeem 3,234,000 shares at ~$105.10 per share; aggregate payment ~$339.9M.
Expected to save ~$29.3M in 2024 dividend payments; preferred stock carries 12.5% annual dividend.
Holders include QIA FIG Holding LLC, Silver Lake affiliates, and CEO Anthony Noto.
Redemption price includes accumulated and unpaid dividends through May 29, 2024.

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