Strategy Conditionally Declares Daily Dividends on STRC Below $100 Par

The conditional structure is the real story: the dividend is not a standing commitment but a trigger tied to STRC trading below par, which turns the payout into a de facto price-support mechanism rather than a fixed income promise. That matters for holders of Strategy's preferreds, who now face a payout that switches on and off with the market. Whether STRC stays under $100 — and whether the condition is met with further disclosure — is the open question.