Strategy asks shareholders to approve daily dividends for STRC preferred stock
Strategy put a proposal before shareholders to move STRC preferred stock dividends to a daily accrual schedule, with the declared amount paid the next business day, while keeping the 12% annualized rate and total payout unchanged. The vote window runs through Oct. 28, and the plan would also cover weekends and holidays for four preferred shares.
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What it means
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Shareholders of STRC and the holders of the other preferred shares named in the plan are the ones who need to notice this next. The vote runs through Oct. 28, and the schedule described would change when dividends are recorded and paid, with the next business day used for payment.
In practice, the proposal would replace a less frequent payment rhythm with daily accrual and next-business-day distribution, including weekends and holidays. The 12% annualized rate and total payout are described as staying the same, so the change is about timing rather than the stated rate or total amount. (per tokenpost.com)
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