Michael Saylor: Proposal to Change Strategy Preferred Stock Dividend to Daily Payment

Strategy Executive Chairman Michael Saylor proposed changing the dividend payout frequency of $14 billion in preferred stock from bi monthly or quarterly to daily to increase liquidity. Strategy has repurchased over $1 billion of floating rate preferred stock STRC, and shareholder voting on the proposal is expected to end on October 28th and is expected to be approved. (Source: Bloomberg)