DividendOct 13, 2026, 08:01 AM
Strive Sets $100 Min SATA Sale Price; Maintains 13% Dividend
AI Summary
Strive, Inc. has amended its Amended and Restated SATA Certificate of Designation to implement a minimum sale price of $100.00 per share for its Variable Rate Series A Perpetual Preferred Stock (SATA). Additionally, the definition of 'Business Day' was revised to facilitate potential daily dividend payments on Saturdays and Sundays. The company's board of directors maintained the annual dividend rate on SATA at 13.00% and declared daily cash dividends of $0.0571 per share for November 2026.
Key Highlights
- Strive, Inc. established a minimum sale price of $100.00 per share for all future sales of SATA.
- The definition of 'Business Day' was amended to potentially allow for daily dividends on Saturdays and Sundays.
- The annual dividend rate on SATA was maintained at 13.00%, effective November 1, 2026.
- Daily cash dividends of $0.0571 per share of SATA declared for November 2026, totaling $1.0849 for the month.
- Distributions on SATA are expected to be treated as tax-deferred capital recovery for U.S. investors and exempt from withholding tax for non-U.S. investors.
Price Impact
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