1 week ago
3
Strategy’s September 25 proposal covers STRF, STRC, STRK and STRD. Under the proposed amendments, each calendar day, including weekends and holidays, would be a dividend record date. Payment would follow on the next business day.
How the proposed schedule would work
Friday: The daily record-date cycle applies as usual.
Saturday and Sunday: The record-date calendar continues even though markets are closed.
Next business day: The related payment would be made, subject to the board declaring the dividend and the amended terms taking effect.
The proposal does not change the stated dividend rates or the total regular dividends payable, according to Strategy’s preliminary proxy. STRF, STRK and STRD currently pay quarterly, while STRC pays twice monthly. The company wants all four to use the same daily record-date framework.
The practical aim is to make dividend timing less important
Investors in income securities often pay attention to d...
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