Strategy stockholders approve daily dividends on STRC, STRF, STRK, STRD

Strategy stockholders approved amendments to four preferred-stock series — STRC, STRF, STRK and STRD — at a special meeting held on Wednesday, October 28, 2026, letting dividends accrue every calendar day instead of monthly or quarterly. The company's Form 8-K filed the same day reports that "based on preliminary voting results, the requisite vote was obtained" for the amended and restated certificates of designations (SEC EDGAR: mstr-20261028.htm). Decrypt puts the preliminary tally at 99.3% in favor.

What changed

Each series currently accrues dividends on a monthly (STRC) or quarterly (STRF, STRK, STRD) basis. The amended certificates let dividends accrue on every calendar day — weekends and holidays included — with payments on the next business day when the record date falls on a non-business day. The 8-K is explicit that the change does not alter the stated dividend rates or total annual obligations; it only redistributes the accrual.

The amendments take effect on different dates per series, each subject to the amended certificate of designations being filed and effective:

• STRC: first daily record date November 1, 2026, first payment November 2, 2026
• STRF, STRK, STRD: first daily record date January 1, 2027, first payment January 4, 2027

The record date for voting was common stock outstanding as of September 25, 2026. The 8-K was signed by EVP and General Counsel Thomas C. Chow and filed under Item 8.01.

The four series, in numbers

• STRC — Variable Rate Series A Perpetual Stretch Preferred, previously monthly dividends; moved to semi-monthly after the June 8, 2026 annual meeting; now daily from November.
• STRF — 10% Strife Preferred.
• STRK — 8% Strike Preferred.
• STRD — 10% Stride Preferred.

Strategy was running four separate dividend calendars — none of which lined up — before the vote. The daily accrual mechanic collapses that into one schedule.

What to watch

1. The amended certificates themselves. The 8-K defers the effective date to "the filing and effectiveness" of each amended certificate of designations with Delaware. If STRC's certificate is not filed and effective by 12:01 AM Eastern on November 1, the previously declared November 15 payment stands under the prior schedule instead.
2. Any new 8-K naming the final certified vote tally. The current filing only confirms the requisite vote was obtained; it does not break out for/against/abstain counts.
3. STRE. Strategy's fifth preferred series was not included in the Oct 28 vote. The next proxy will say whether the daily-accrual template extends to it.

Context

Strategy's preferred-stock stack is the capital structure around its Bitcoin treasury: each series was issued to fund BTC purchases while offering yield to the holder. Shifting all four to daily accrual aligns the cash-flow profile — a holder gets the same annual yield, but earns it every day rather than quarterly, which maps more cleanly onto how Strategy itself finances positions. The June 8 annual meeting already took STRC from monthly to semi-monthly; the October 28 vote completes the arc.