TREE NEWS update: Strategy will keep the annualized regular dividend rate on its floating-rate Series A perpetual preferred stock STRC at 12% for November and plans to pay cash dividends daily from Nov 1 to Nov 30, totaling $1 per share for the month. The daily schedule requires shareholders to approve related amendments at an Oct 28 special meeting and the amended certificate to take effect before 12:01 a.m. ET on Nov 1. If approved, the Nov 15 payment is canceled; if not, semi-monthly payments continue.
Strategy to Pay STRC Preferred Dividends Daily From Nov 1, Keeps 12% Annual Rate
AI take
The shift to daily preferred dividends is a liquidity signal as much as a payout mechanic: it converts a monthly cash event into a steady drip, which matters most to holders who treat STRC as a cash-management instrument rather than a yield trade. The 12% rate holding steady suggests the cost of this capital is being absorbed rather than repriced. Everything now hinges on the Oct 28 vote — approval makes daily settlement the new baseline, rejection keeps the semi-monthly rhythm intact. Whether other preferred issuers follow this cadence is the open question.
Generated by AI for reference only.
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