Nelnet Inc. Redeems Preferred Shares and Reduces ALLO Ownership, Recognizing $175 Million Pre-Tax Gain

Reuters

06-05

Nelnet Inc. Redeems Preferred Shares and Reduces ALLO Ownership, Recognizing $175 Million Pre-Tax Gain

Nelnet Inc. has announced the redemption of certain membership interests in ALLO Holdings LLC, resulting in cash proceeds of $411 million. This transaction involved the redemption of a portion of Nelnet's voting membership interests and all of its outstanding preferred membership interests in ALLO, along with the accrued preferred return through June 3, 2025. Following the redemption, Nelnet reported a pre-tax gain of $175 million and now holds a 27% voting equity stake in ALLO, down from 45%. Despite the reduction in ownership, Nelnet maintains a significant investment in ALLO.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nelnet Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001258602-25-000043), on June 04, 2025, and is solely responsible for the information contained therein.

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Redeems Preferred Shares and Reduces ALLO Ownership, Recognizing $175 Million Pre-Tax Gain","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Nelnet Inc. Redeems Preferred Shares and Reduces ALLO Ownership, Recognizing $175 Million Pre-Tax Gain\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Nelnet Inc. has announced the redemption of certain membership interests in ALLO Holdings LLC, resulting in cash proceeds of $411 million. This transaction involved the redemption of a portion of Nelnet's voting membership interests and all of its outstanding preferred membership interests in ALLO, along with the accrued preferred return through June 3, 2025. 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Redeems Preferred Shares and Reduces ALLO Ownership, Recognizing $175 Million Pre-Tax Gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-05 04:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Nelnet Inc. Redeems Preferred Shares and Reduces ALLO Ownership, Recognizing $175 Million Pre-Tax Gain\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Nelnet Inc. has announced the redemption of certain membership interests in ALLO Holdings LLC, resulting in cash proceeds of $411 million. This transaction involved the redemption of a portion of Nelnet's voting membership interests and all of its outstanding preferred membership interests in ALLO, along with the accrued preferred return through June 3, 2025. Following the redemption, Nelnet reported a pre-tax gain of $175 million and now holds a 27% voting equity stake in ALLO, down from 45%. Despite the reduction in ownership, Nelnet maintains a significant investment in ALLO.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nelnet Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001258602-25-000043), on June 04, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4166","symbol_name":"消费信贷","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250604:nNDLbb958z:1","article_id":"2541096298","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2541096298","pubTimestamp":1749067979,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Nelnet Inc. has announced the redemption of certain membership interests in ALLO Holdings LLC, resulting in cash proceeds of $411 million. This transaction involved the redemption of a portion of Nelnet's voting membership interests and all of its outstanding preferred membership interests in ALLO, along with the accrued preferred return through June 3, 2025. Following the redemption, Nelnet reported a pre-tax gain of $175 million and now holds a 27% voting equity stake in ALLO, down from 45%. Despite the reduction in ownership, Nelnet maintains a significant investment in ALLO.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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Following the redemption, Nelnet reported a pre-tax gain of $175 million and now holds a 27% voting equity stake in ALLO, down from 45%. Despite the reduction in ownership, Nelnet maintains a significant investment in ALLO.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nelnet Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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