Strategy proposes daily dividends for STRF, STRC, STRK, STRD to boost stability
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Strategy is seeking shareholder approval for daily dividend record dates on STRC, STRD, STRF and STRK, with a special meeting set for October 28. The proposal would make dividends accrue every day, including weekends and holidays, while leaving the dividend rates and total regular dividend obligations unchanged. Strategy says the change is meant to reduce volatility and improve stability.
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What it means
Holders of STRC, STRD, STRF and STRK would be the ones who notice this first, because the proposal changes how their dividends would accrue from day to day. The special meeting on October 28 is the immediate next step for those shareholders, and the timing matters for anyone waiting to see whether the amendments get approved.
In practice, the change would make dividend accrual continue through weekends and holidays instead of stopping on those days. What would stay the same is the dividend rate and the total regular dividend obligation, so the proposal changes timing rather than the underlying economics. (per decrypt.co)
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