MicroStrategy sells preferred shares at 20% discount, pushing investor yield to 10%

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PANews
02-05
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PANews reported on February 5 that, according to Bloomberg, MicroStrategy sold preferred stock units last week, a security similar to debt, with a coupon rate of 8%. These shares were sold at $80 per share, 20% below the market price, effectively pushing the buyer's yield up to 10%, a significant concession to complete the transaction.

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