STRC (Stretch) - STRATEGY PREFERRED

Perpetual preferred with a variable monthly dividend, adjusted in 0.25 percent monthly steps to keep the trading price near its USD 100 par value. Rate stated at 11.50 percent at the time of writing.

Key terms

• Issuer: Strategy
• Dividend rate: 11.50 percent variable monthly
• Stated value: USD 100 per share
• Payment frequency: Monthly in cash
• Cumulative: Yes (cumulative)

Live aggregate liquidation preference, daily volume and effective yield tracked on the preferred shares page.