TREE NEWS update: Strategy holds a special shareholder meeting on Oct. 28 to vote on amending the designation certificates for its STRC, STRF, STRK and STRD preferred shares to allow daily dividend record dates. If passed, STRC would pay daily dividends from Nov. 1 at $0.03 or $0.04 per share, totaling $1.00 per share in November, a 12% annualized yield. The proposal needs support from about 17.1% of voting power beyond Michael Saylor’s 32.9% stake.
Strategy Shareholders Vote on Daily STRC Dividends
AI take
This vote is a governance test for Strategy's preferred stack: the near-17.1% threshold outside Saylor's stake means a small bloc of holders can effectively decide the outcome, giving minority shareholders unusual leverage over terms. Daily dividend accrual on STRC would mark a structural shift in how these instruments distribute income, with potential read-across to the other series. The open question is whether the measure clears the required support and whether daily record dates become a template for the remaining preferreds.
Generated by AI for reference only.
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