Strategy proposed daily dividend payments on four preferred shares used to finance its Bitcoin strategy: STRF, STRC, STRK and STRD. Dividends would accrue every calendar day, including weekends and holidays, and be paid the next business day. This change would affect payment frequency only, not annual rates or existing rights: STRF, STRC and STRK have cumulative dividends, while STRD has noncumulative dividends. As of September 24, STRF traded above $100, STRC was close to it, while STRK and STRD were in the low $70s. Strategy has not set an effective date or demonstrated that daily payments would lift demand, prices or future funding.
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