Strategy to change four perpetual preferred stock classes to daily record dates with next-day dividend payment

PANews reported on September 25 that Strategy Inc (MSTR) disclosed in an 8-K filing with the U.S. Securities and Exchange Commission (SEC) that its board of directors has approved a proposal to amend the terms of four classes of perpetual preferred stock—STRF, STRC, STRK, and STRD—to designate each calendar day as a regular dividend record date and pay dividends on the next business day after declaration. The proposal still requires shareholder approval, with a special meeting of shareholders expected to be held online on October 28, and a record date of September 25. If approved, STRC is expected to first pay dividends under the new arrangement on November 2, while STRF, STRK, and STRD are expected to begin on January 4, 2027. Strategy stated that the amendment will not change the dividend rates, total regular dividends, or the company's overall dividend payment obligations for the four preferred stock classes.