An Advantageous Time for Preferred Stocks

An advantageous time for preferred stocks

Like common stocks, preferred stocks represent minute slices of company ownership, as they’re a form of equity. But like bonds, they’re a fixed-income security that pays yield, in the form of dividends.

Strategy announces IPO of preferred stock

Strategy Announces Proposed IPO of STRD Stock to Buy More Bitcoin - Invest In Crypto News

On June 2, Strategy announced that it plans to offer an IPO of “10% Series A Perpetual Stride Preferred Stock” at $100 per share under the ticker STRD. It intends to use the net proceeds from the offering for “general corporate purposes, including the acquisition of Bitcoin and for working capital,” it stated. The firm is enabling preferred stock options to “institutional investors and select non-institutional investors,” said Saylor. Strategy …