Strategy proposes daily dividends for STRC, STRD, STRF and STRK preferred stocks
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Strategy is asking shareholders to approve daily dividends on four U.S.-listed preferred stocks: STRF, STRC, STRK and STRD. The proposal would have dividends accrue every calendar day, including weekends and holidays, with payment on the next business day, and a proxy filing set a virtual special meeting for Oct. 28.
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What it means
Holders of STRF, STRC, STRK and STRD would notice a different timing of dividend accrual if the proposal is approved, because income would build each day rather than on the current schedules. The change also reaches shareholders as a vote item, with Strategy setting a virtual special meeting for Oct. 28.
In practice, the proposal changes when dividends accumulate, not the stated annual rates attached to the preferreds. It also says accrual would continue on weekends and holidays, with payment on the next business day. (per crypto-economy.com)
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