The strategy (MSTR) has launched its third perpetual preferred instrument, the preferred stock of Serie A (STRD), since it continues to build a structured yield curve for its capital battery.
With a fixed non -tumulative dividend of 10.00% and a perpetual duration, STRD aims to provide long -term exposure of high performance positioned between preferred offers (STRF) and preferred convertibles (STRK) in the long term.
Unlike Strf, which offers a senior claim and is designed to be excessive with lower volatility, comparable to the STRD investment grade values is Junior in Sergeant, but offers the highest performance of the favorite offers of the strategy.
Strk, on the contrary, is between the two of both at risk and return, offering a fixed dividend and convertibility of 8%. At the base of the capital battery is Mstr, the common stock of the company and the primary vehicle for the Bitcoin Exposure.
According to the strategy, STRD cannot be seen in normal conditions, but it can be repurchase in a “fundamental change” or selected fiscal events. Its quarterly dividends are discretionary and pay in cash only when the Board declares it.
In the widest market, StRD compares favorably with other preferred capital funds and high performance bonds. With a 10% yield and zero management rates, STRD offers a convincing alternative to ETFs such as PFF (7% yield, 0.46% rate) and Ushy (8% yield, 0.08% rate), while maintaining comparable volatility levels.
The STRD’s offer supports the broader initiative of the strategy to offer diversified and structured exhibitions that cover from stable performance to high -conviction digital asset works that anchor a new approach to capital structuring in the digital age.
