No. You may continue to hold the PFTAU units, if desired. SoFi is offering to automatically split the units for members who purchase and hold them prior to the issuer’s initial voluntary corporate action event announcing their split, in order to save $350 in transaction fees that would otherwise be incurred.
If you do not wish to have your units automatically split, you must contact us to opt out of the transaction within 24 hours of receiving the initial voluntary corporate action notice regarding the split.
NOTE: You will be responsible for the $350 voluntary corporate action fee if you decide to split the units at a later date.