STRC Preferred Stock — Strategy Variable Rate Series A Perpetual Stretch Preferred Stock

Strategy Variable Rate Series A Perpetual Stretch Preferred Stock (STRC)

STRC is a low-cost Preferred Stock that tracks the Preferred equity security issued by MicroStrategy Incorporated.. As of August 19, 2026, its distribution rate is 13.78%, its trailing-12-month yield is 12.36%. Dividend Vision Distribution Safety Score™ is 77/100 (Generally safe). Fund total return is 12.0% over the past 1.1 years, 10.3 points behind SPY at 22.3%.

At the current 13.78% distribution rate, a $10,000 investment would generate approximately $1,378 per year, or $114.83 per month on an equivalent basis. Actual semi-monthly payments vary.

Strategy Inc's Stretch Series A Perpetual Preferred Stock is a perpetual preferred equity security issued by the company, which operates as a bitcoin treasury company and provides AI-powered enterprise analytics software. The security pays a variable semi-monthly dividend with a current distribution rate in the high single digits; the dividend rate resets monthly to encourage trading around par value and minimize price volatility. This preferred stock appeals to income investors seeking regular cash distributions with defined characteristics typical of preferred equity securities.

STRC performance versus SPY

Data as of August 19, 2026.

Fund total return is 12.0% over the past 1.1 years, 10.3 points behind SPY at 22.3%. Its deepest 1-year drawdown was 24.3%.

STRC key facts

Data as of August 19, 2026.

Distribution Safety Score™

77 · Generally safe

Safety-Adjusted Yield

10.61%

Issuer

Strategy

Asset type

Preferred Stock

Asset class

Equity

Inception date

07/30/2025

Distribution rate

13.78%

Distribution frequency

Semi-Monthly

Trailing yield

12.36%

Last close

$94.01

Average volume

1030775.0

Last dividend

$0.5000

Ex-dividend date

08/31/2026

Payment date

09/15/2026

Payout ratio

0.2375

Forward P/E

0.0

How Dividend Vision calculates yield and returns

Distribution rate (13.78%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (12.36%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Strategy fund page; Index: Preferred equity security issued by MicroStrategy Incorporated.; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

STRC risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 24.3%.

Who may consider STRC — and who may not

STRC may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Compare STRC

STRC vs similar funds:

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Frequently asked questions

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