Highest Yield in Strategy’s Preferred Suite: STRD offers a 10.00% fixed non-cumulative dividend surpassing both STRK (8%) and STRF (10% with greater seniority) and targets long-duration investors.

Efficient Market Positioning: STRD compares favorably to peer preferred and high-yield instruments, with competitive yield and zero fees, backed by Strategy’s capital structure vision.

According to Strategy, STRD is non-callable under normal conditions, but may be repurchased upon a “fundamental change” or select tax events. Its quarterly dividends are discretionary and paid in cash only when declared by the board.

In the broader market, STRD compares favorably against other preferred equity and high-yield bond funds. With a 10% yield and zero management fees, STRD offers a compelling alternative to ETFs like PFF (7% yield, 0.46% fee) and USHY (8% yield, 0.08% fee), while maintaining comparable volatility levels.