Strategy seeks approval for daily preferred dividend record dates

Strategy Inc (Nasdaq: MSTR) said its board on Sept. 24 approved submitting to stockholders a proposal to amend and restate the certificates of designations for its 10.00% Series A Perpetual Strife Preferred Stock (STRF), Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), 8.00% Series A Perpetual Strike Preferred Stock (STRK), and 10.00% Series A Perpetual Stride Preferred Stock (STRD), according to a Form 8-K filed Sept. 25.

The proposed amendments would provide for a regular dividend record date on each calendar day, with the related dividend, if declared, payable on the next following business day, the company said. Details are described in a preliminary proxy statement filed with the SEC on Sept. 25.

The board set Sept. 25, 2026, as the record date for a special meeting of stockholders expected to be held virtually on Oct. 28, 2026. Assuming stockholder approval, effectiveness of the amended certificates of designations, and declaration by the board or a duly authorized committee, Strategy expects the first dividends under the daily schedule for STRC on Nov. 2, 2026, to holders of record on Nov. 1, 2026, and for STRF, STRK, and STRD on Jan. 4, 2027, to the applicable holders of record on Jan. 1, 2, and 3, 2027. Thereafter, each calendar day would serve as a record date, with the related dividend payable on the next business day.

Strategy said the proposal would not increase or decrease the total amount of regular dividends payable on the four series, change their dividend rates, or increase or decrease the company's overall dividend payment obligations. Changes would relate to dividend payment frequency and related mechanics. If approved, the amendments would become effective upon filing with the Delaware Secretary of State.

By the numbers

• Preferred series covered: STRF, STRC, STRK, STRD
• Special meeting record date: Sept. 25, 2026
• Expected meeting: virtual, Oct. 28, 2026
• First expected daily-schedule dividends: STRC Nov. 2, 2026; STRF/STRK/STRD Jan. 4, 2027

Sources

1. Strategy Inc Form 8-K, filed Sept. 25, 2026, accession 0001193125-26-401636

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