Saylor Has 33% of the Vote and Needs 17% More for STRC Daily Dividends

Strategy shareholders decide on Wednesday whether STRC becomes what the company calls the first security to pay dividends every calendar day, and staying home counts as a vote against. The special meeting starts at 10:00 a.m. ET on Oct. 28, with two key agenda points being listed: Only common stockholders of record on Sept. 25 can vote. Preferred holders, the people who would actually receive the daily payouts, get no say. The proxy requires the affirmative vote of holders of “a majority of the voting power of all outstanding Common Stock.” Abstentions and broker non-votes both have “the effect of a vote AGAINST Proposal 1.” In practice, every retail share sitting idle in a brokerage account works against the plan. Instructions submitted in advance must arrive by 11:59 p.m.

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