Strategy (MSTR) investor relations material

Executive summary

• Proposal to amend STRC dividend payments from monthly to semi-monthly, maintaining the same annual yield and payout rate.

• Amendment aims to reduce reinvestment lag, enhance liquidity, improve market efficiency, and increase price stability.

• STRC has demonstrated rapid growth, high yield (11.5%), low volatility (1.7%), and strong daily liquidity ($339M+).

• STRC outperforms traditional credit and equity instruments in Sharpe ratio and risk-adjusted returns.

• If approved, the new cadence would begin with a record date on June 30 and first payment on July 15, 2026.

Voting matters and shareholder proposals

• Shareholders will vote on the amendment to change STRC dividend frequency at the annual meeting on June 8, 2026.

• Voting opens after the definitive proxy is filed on April 28, 2026, and closes at the meeting.

• No changes to annual dividend obligations or rates; only payment frequency is affected.

Board of directors and corporate governance

• Dividends on STRC are payable when, as, and if declared by the Board or an authorized committee, out of legally available funds.

• Board retains discretion over dividend declarations and timing.