Strategy shareholders overwhelmingly approved a redesign of the dividend payment schedule for preferred shares STRF, STRC, STRK and STRD on October 28, 2026. Revenues will now be divided into 365 tranches, with a daily record date covering weekends and holidays, without increasing the total return for holders. STRC, which pays a variable 12% rate on a $100 par value, will be the first to transition on November 1, 2026, while STRF, STRK and STRD will follow on January 1, 2027. Strategy says the change should improve the liquidity of the securities, reduce price volatility around ex-dividend dates and facilitate the financing of its Bitcoin treasury, after spending $2.04 billion on STRC buybacks since January.
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