Strategy Proposes Daily Dividends for Preferred Stocks
- Strategy seeks shareholder approval to implement daily dividend record dates for four preferred stocks, STRC, STRD, STRF, and STRK.
- The proposal does not alter the dividend rates or increase total regular dividend obligations.
- A special meeting for shareholder voting is scheduled for October 28.
- If approved, STRC will start daily record dates on November 1, with others transitioning in January.
- This change aims to enhance liquidity and price stability by making preferred shares behave like digital credit.
Strategy’s proposed shift to daily dividends is part of an effort to make its preferred shares function more like digital credit, aligning with its extensive Bitcoin holdings strategy. Shareholders’ decision on October 28 will determine if this innovative approach becomes reality.
(Source)
