Strategy Inc. has conditionally declared daily dividends on its STRC preferred stock for every calendar day in November 2026, leaving the 12% annualized rate and the $1.00 monthly total unchanged, according to an Oct. 16, 2026 Form 8-K. The company also furnished related proxy materials (DEFA14A) the same day. The declaration is not yet operative. It takes effect only if common stockholders approve the necessary amendments and an amended Certificate of Designations is filed and effective on the stated timetable.

If those conditions are met, daily record dates would replace the existing semi-monthly cadence for November. Each day’s dividend would be payable on the next business day, with the first payment expected Nov. 2 if the structure is live from Nov. 1. That schedule would supersede the previously contemplated Nov. 15 semi-monthly payment of $0.50 per share. CryptoBriefing summarized the same filing as a conditional shift to daily STRC accruals at an unchanged 12% rate.

The 8-K is explicit that the economics of the November coupon are intended to stay the same: 12.00% annualized on the stated $100 liquidation preference, or $1.00 per share in aggregate for November record dates. What would change is timing and frequency, not the stated monthly cash total. Daily record dates on every calendar day, including weekends and holidays, with next-business-day settlement, would create many more cash events than two semi-monthly cheques.

Activation is tightly gated. The filing ties November daily dividends to common stockholder approval—tied to a special meeting scheduled for Oct. 28—and to a hard cutoff of 5 p.m. ET on Oct. 31 for approval, plus filing of the amended Certificate of Designations so that it is effective by 12:01 a.m. on Nov. 1. If those steps are not completed, the company states that the Nov. 15 $0.50 semi-monthly dividend remains payable instead. Until vote results and the amended certificate are public, daily November payments should be treated as contingent, not confirmed.

Management’s rate guidance is also in the materials and should be read as policy, not a guarantee. The company indicated it intends to recommend keeping the 12% annualized rate until STRC trades stably near $100 per share. That is a statement of present intent around the preferred’s trading level relative to par; it is not a commitment that the board cannot later reset the rate under the governing documents, and it is not a forecast of where STRC will trade.

For Canadian holders, the practical issues are operational and tax-administrative rather than a change in the stated coupon. STRC dividends are U.S.-source. In a non-registered account, U.S. withholding often applies at the treaty rate for eligible Canadian residents who have a valid Form W-8BEN on file with the broker; registered accounts such as RRSPs can be treated differently under the Canada–U.S. tax treaty. None of that is personalized tax advice. Withholding, foreign tax credits, and the character of the income depend on account type, residency, and how the broker reports the payments. Daily USD cash flows also mean more conversion decisions if proceeds are brought into Canadian dollars, and more lots for cost-base and FX tracking in taxable accounts.

Settlement mechanics matter around the switch. If daily dividends go live, buyers and sellers in late October and early November will need to confirm with their dealer which record dates they are entitled to, especially if a trade straddles Nov. 1 or a weekend. If the conditions fail, the fallback is simpler: a single Nov. 15 $0.50 payment under the existing semi-monthly terms. Either way, Canadians should expect the cash to arrive in U.S. dollars unless the broker converts automatically.

The confirmed facts from the 8-K and proxy package can be summarized as follows:

  • The declared November rate remains 12.00% annualized, or $1.00 per share in total if daily dividends take effect.
  • Daily record dates and next-business-day payments apply only if stockholder approval and the amended Certificate of Designations meet the Oct. 31 / Nov. 1 deadlines.
  • Failure of those conditions leaves the Nov. 15 $0.50 semi-monthly dividend in place.
  • Management’s 12% recommendation is linked to STRC trading stably near $100 and is not a contractual floor.

What is not yet known is the vote outcome and whether the amended certificate is filed on time. Those two items determine whether November is a daily-accrual month or a conventional semi-monthly month. Sophisticated holders watching STRC for cash-flow timing—rather than for a change in the headline 12% rate—should treat Oct. 28–31 as the decision window and Nov. 2–3 as the first test of whether a daily payment actually posts. This overview is informational only and is not tax, legal, or investment advice.