Strategy (MSTR) Shareholders Approve Daily Dividends on Four Preferred Stocks

Bitcoin Magazine Strategy (MSTR) Shareholders Approve Daily Dividends on Four Preferred Stocks Strategy shareholders have approved the Daily Dividends amendment, the company announced Wednesday. Preliminary results show 99.3% of votes cast were in favor, according to Executive Chairman Michael Saylor. The amendment allows STRF, STRC, STRK and STRD to accrue dividends every calendar day, including weekends and holidays. The proposal surfaced on September 25, when the company asked holders to attend a special meeting on October 28. Strategy said the change “would reduce reinvestment lag, enhance liquidity and market efficiency, and increase price stability.” At the time Strategy said that they “believe these enhancements can also benefit our common stockholders by increasing the attractiveness and utility of our Digital Credit instruments, supporting our ability to access preferred equity capital efficiently…

First reported by Bitcoin Magazine. This page is a short excerpt; the full text is theirs.