Strategy Inc. is asking shareholders to approve a shift from monthly or quarterly preferred stock dividends to a daily accrual schedule. A vote is set for October 28, 2026 at a virtual special meeting; if passed, STRC will switch to daily accruals starting November 1 with the first payment on November 2. The other three preferreds (STRF, STRK, and STRD) will follow the same transition on January 1, 2027. STRC retains its 12% variable rate on approximately $9.3 billion in notional outstanding. Michael Saylor controls roughly 32.9% of voting power through Class B shares, which could significantly influence the vote’s outcome.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
