Strategy Inc. Seeks Vote to Pay Daily Dividends on Preferred Stock

What Happened
Strategy Inc. (MSTR) announced that on September 24, 2026 its Board approved submitting to stockholders a proposal to amend and restate the certificates of designation for its four Series A preferred stocks (STRF, STRC, STRK, STRD) to allow a regular dividend record date on every calendar day, with any approved dividend payable the next business day. The company filed a preliminary proxy with the SEC on September 25, 2026 and set the record date for the Special Meeting at September 25, 2026; the virtual Special Meeting is expected to be held on October 28, 2026. The amendments, if approved by stockholders and filed with the Delaware Secretary of State, would not change dividend rates, the total amount of regular dividends, or other substantive rights—only the frequency/timing of record dates and related mechanics.

Key Details

• Board approval to submit proposal: September 24, 2026; preliminary proxy filed: September 25, 2026.
• Special Meeting record date established: September 25, 2026; expected virtual meeting date: October 28, 2026.
• If approved and effective, first daily-schedule dividend payments expected: STRC payable Nov 2, 2026 (holders of record Nov 1, 2026); STRF, STRK and STRD payable Jan 4, 2027 (applicable holders of record Jan 1–3, 2027).
• Amendments do not change dividend rates, total regular dividend amounts, or overall company dividend obligations—only the record-date frequency and related processing.

Why It Matters
For investors in Strategy’s preferred shares, the change would shift the mechanics so each calendar day is a record date and declared dividends could be paid the following business day. That can affect timing and liquidity for preferred-shareholders (shorter waiting between record date and payment) but does not alter coupon rates or the total dividend entitlement. The proposal requires stockholder approval and state filing before taking effect; shareholders should review the definitive proxy (when mailed) and follow its voting instructions.