Colony Capital to Present Next Chapter as DigitalBridge at 2021 Investor Day

Rhea-AI Summary

Colony Capital (NYSE:CLNY) has officially changed its name to DigitalBridge Group and will trade under the new ticker DBRG. This rebranding reflects its transition toward focusing on digital infrastructure. The company is hosting its first Investor Day, presenting strategic priorities and growth opportunities in the digital landscape. CEO Marc Ganzi emphasized the firm's readiness to leverage digital investment trends. DigitalBridge manages a $32 billion portfolio across various digital sectors, including towers and data centers.

Colony Capital, Inc. (NYSE:CLNY) (“Colony” or the “Company”) today announced its rebranding to DigitalBridge and its official name change to DigitalBridge Group, Inc., reflecting the significant business transformation the Company has undergone. Effective today, the Company will begin trading under a new NYSE ticker DBRG.

The Company is also hosting its inaugural Investor Day, where the leadership team will present the Company’s strategic priorities, opportunities for growth in a dynamic digital infrastructure landscape, and an update on the Company’s medium and longer-term financial outlook and guidance.

“We are pleased to have a name that reflects our singular focus on digital infrastructure. Today we will be sharing our vision for DigitalBridge and provide insight into how we are executing on the opportunities to build and operate the networks that enable connectivity and power the digital economy,” said Marc Ganzi, President and Chief Executive Officer of DigitalBridge. “As the world becomes increasingly digital, our firm is well-positioned to capitalize on the powerful secular tailwinds supporting investment in digital infrastructure.”

The company’s website domain will transition to www.digitalbridge.com.

Webcast Information

Today’s Virtual Investor Day will begin at 11:00 am ET. To register and for additional information, please visit the event’s site: DigitalBridge Investor Day or the Events & Presentations page of the Shareholders section of the Company’s website at www.clny.com. Please allow extra time prior to the start of the event to download any necessary software that may be needed to view the webcast.

About DigitalBridge

DigitalBridge (NYSE: DBRG) is a leading global digital infrastructure REIT. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $32 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. DigitalBridge is headquartered in Boca Raton with key offices in Los Angeles, New York, London and Singapore.

Cautionary Statement regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Factors that might cause such a difference include, without limitation, the timing and pace of the Company’s digital transformation, including the Company’s ability to rotate the balance sheet and redeploy capital into digital infrastructure, whether the Company will realize any of the anticipated benefits of such transformation, the Company’s ability to capitalize on the secular tailwinds supporting the continued growth and investment in digital infrastructure and other risks and uncertainties, including those detailed in Colony's Annual Report on Form 10-K for the year ended December 31, 2020, Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, and its other reports filed from time to time with the U.S. Securities and Exchange Commission. All forward-looking statements reflect the Company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Colony cautions investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this press release. Colony is under no duty to update any of these forward-looking statements after the date of this press release, nor to conform prior statements to actual results or revised expectations, and Colony does not intend to do so.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210622005474/en/

FAQ

What is the new name and ticker symbol for Colony Capital?

Colony Capital has rebranded to DigitalBridge Group and will trade under the new ticker symbol DBRG.

What event is DigitalBridge hosting?

DigitalBridge is hosting its inaugural Investor Day to discuss strategic priorities and growth opportunities.

Who is the CEO of DigitalBridge?

Marc Ganzi is the President and CEO of DigitalBridge.

What does DigitalBridge focus on?

DigitalBridge focuses on digital infrastructure investments across towers, data centers, and more.

What is the value of DigitalBridge's portfolio?

DigitalBridge manages a $32 billion portfolio of digital infrastructure assets.