Today2h ago
Project update
Strategy shareholders approve daily dividends with 99.3% of votes
Strategy (MSTR), the largest corporate bitcoin holder, put its Daily Dividends amendment to a common stockholder vote on October 28. Holders of the preferred shares had no vote on the change.
Preliminary results show 99.3% of votes cast in favor.
The amendment lets the four U.S. listed preferreds (STRF, STRC, STRK and STRD) accrue dividends on every calendar day, including weekends and holidays, with payouts on the next business day. Dividend rates and total regular obligations stay the same.
STRC goes first: daily record dates are expected to start on November 1, with November payments totaling $1.00 per share at the 12% annual rate. Strategy funds these dividends while continuing to build its BTC treasury.
Source