Strategy Proposes Daily Dividends on Four Preferred Stocks

Bitcoin treasury company Strategy Inc. is asking shareholders to approve daily dividends on its four Nasdaq-listed preferred stocks, a change the company says is designed to keep its variable-rate series trading near its $100 stated value.

The board approved the proposal on September 24 and filed a preliminary proxy statement with the U.S. Securities and Exchange Commission the following day, according to the filing. A special shareholder meeting has been scheduled for October 28.

Every calendar day becomes a record date The proposed amendments would give each of the 10.00% Series A Perpetual Strife Preferred Stock (STRF), the variable-rate Series A Perpetual Stretch Preferred Stock (STRC), the 8.00% Series A Perpetual Strike Preferred Stock (STRK), and the 10.00% Series A Perpetual Stride Preferred Stock (STRD) a regular dividend record date on every calendar day, with any declared dividend payable on the next business day.

The filing states the changes would not alter any series’ dividend rate or the company’s total payment obligations.