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Bitcoin treasury firm Strategy asks shareholders to approve daily preferred dividends
A SEC filing shows Strategy wants shareholders to vote on amendments at a virtual special meeting on Oct. 28.
Strategy is seeking shareholder approval to convert its preferred stock dividends, including STRC, from periodic payments to daily dividend payments, according to a filing reviewed by US Securities and Exchange Commission.
The proposal would apply to four preferred stocks, including STRF, STRC, STRK, and STRD, and would keep both dividend rates and the total dividend amount unchanged.
Strategy said its board approved the plan on Thursday, with shareholders scheduled to vote on the amendments during a virtual special meeting on Oct. 28.
If approved, each calendar day would become a dividend record date, with payment made on the next business day.
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