Strategy has announced a proposal to change the dividend distribution frequency of its STRC preferred shares from once a month to twice a month. According to Foresight News, the company believes that if the proposal is approved and implemented, it will reduce the waiting time for dividend reinvestment, improve market liquidity and trading efficiency, and enhance stock price stability.
Shareholders can vote on the proposed amendment through their brokerage accounts. During the voting process, proxy solicitation firm Alliance Advisors may contact shareholders to assist with the voting procedure. Alliance Advisors is an authorized partner of Strategy, responsible for managing the shareholder voting process.
Strategy also advises investors holding both MSTR common shares and STRC preferred shares to vote in favor of the proposal for each type of stock. The amendment will only take effect if approved by both MSTR and STRC shareholders.