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Strategy plans to change the dividend frequency of STRC from monthly to biweekly.
Mars Finance reports that on April 18th, Strategy proposed to change the dividend frequency of STRC from monthly to bi-weekly. If approved, this is expected to shorten the reinvestment interval and improve liquidity and market efficiency. The proposal was submitted as a preliminary proxy on April 17th, with plans to submit the formal document and initiate voting on April 28th. Voting is scheduled to be completed by June 8th. If approved, the new dividend schedule will take effect starting June 30th, with the first payment made on July 15th.