Strategy’s STRC preferred stock finished the trading session just eight cents shy of its $100 stated value. This milestone coincided with shareholders voting to approve daily dividends across four separate preferred securities.
According to Executive Chairman Michael Saylor, preliminary figures from the October 28 vote demonstrated that 99.3% of the cast ballots favored the amendment. This approval enables the firm’s four U.S.-listed preferred securities—STRC, STRF, STRK, and STRD—to begin accruing daily dividends.
FAQs
What is the stated value of Strategy’s STRC preferred stock?
The stated value is $100, and the stock recently closed just eight cents below that threshold.
What did shareholders vote on during the October 28 meeting?
Shareholders voted on an amendment to allow daily dividends on four of the company’s preferred securities.
What percentage of votes supported the dividend amendment?
Preliminary results indicated that 99.3% of the votes cast were in favor of the amendment.
Which preferred securities are affected by the vote?
The four U.S.-listed preferred securities affected are STRC, STRF, STRK, and STRD.
