Strategy announced Thursday that its board of directors had approved a proposal to switch to daily dividends for its preferred shares STRK, STRF, STRC, and STRD, subject to shareholder vote on October 28. The reform would provide daily dividend accrual, including weekends and holidays, with payment the next business day, without changing current amounts or rates (12% for STRC, 10% for STRF and STRD, 8% for STRK). STRC would increase from 24 to 365 annual dividend record dates starting in November. The main goal is to stabilize STRC around its 100-dollar par value, smooth the impact of payments on the share price, and improve liquidity to make these products a sustainable funding source for the company’s Bitcoin accumulation strategy.
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