Strategy shareholders are set to vote on Oct. 28 on a proposal to amend the terms of STRC, STRF, STRK and STRD so dividend record dates can be set daily, according to Bitcoin.com News cited by ChainCatcher. The proposal requires approval from a majority of the voting power of all outstanding common stock. Abstentions and broker non-votes will count as votes against, while preferred shareholders do not have voting rights. Michael Saylor currently controls 32.9% of total voting power, meaning the measure would still need roughly 17 additional percentage points of support from other shareholders. If approved, STRC holders would receive daily dividends from Nov. 1 through Nov. 30, totaling $1 per share, with an annualized rate of 12%. If the proposal fails, the daily dividend plan will not take effect. Strategy is scheduled to report third-quarter results on Oct. 29. As of Oct. 25, the company held 848,517 BTC and $5.1 billion in assets.
Strategy shareholders will vote on Oct. 28 on whether to amend the terms of STRC, STRF, STRK and STRD to allow dividend record dates to be set on a daily basis, according to Bitcoin.com News as cited by ChainCatcher.
The proposal requires support from a majority of the voting power of all outstanding common stock. Abstentions and broker non-votes will be treated as votes against, and preferred shareholders do not have voting rights. Michael Saylor currently controls 32.9% of total voting power, so the proposal still needs about 17 percentage points of support from other shareholders.
If approved, STRC holders would be eligible to receive daily dividends from Nov. 1 to Nov. 30, totaling $1 per share, with an annualized rate of 12%. If the measure is not approved, the daily dividend arrangement will not be implemented.
Strategy is set to release its third-quarter earnings on Oct. 29. As of Oct. 25, the company held 848,517 BTC and $5.1 billion in assets.
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