Strategy Seeks Year-Round Dividend Accrual for Preferred Stock

Strategy is proposing that dividends on four preferred-stock series accrue every day of the year, including weekends and public holidays. The change would apply to STRF, STRC, STRK and STRD, according to Decrypt. Under the proposal, dividend accrual would no longer be limited to standard business days. Strategy said the adjustment is intended to help dampen volatility in the preferred-stock instruments. The move affects the company’s preferred securities rather than changing the dividend series named in the announcement. Investors tracking the tickers should distinguish Strategy’s preferred-stock symbols from similarly named crypto assets. The report did not provide further details on the timing or implementation of the proposed change.