Update
Strategy Inc. Changes Preferred Stock Dividend Schedule
Strategy Inc. shareholders approved a change to pay daily dividends on its Stretch (STRC) preferred stock. The company announced this change on October 28, with 99.3% of votes in favor. The daily dividends are expected to start on November 1, with the first payment due on November 2. The change is expected to reduce volatility and improve liquidity of the preferred shares, which have not closed at their $100 stated value since May.