Mixed price dates: October 30, 2026, November 2, 2026 closes
Digital Credit Research

Understand the income.
See the trade-offs.

Seven preferred securities. Compare the income terms, issuer resources and rights behind the yield.

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Explore the securities

Rates below apply annually to $100 stated amount. Market yield depends on purchase price; neither is a guaranteed return.

STRF →Strategy

9.82% indicated yield

At $101.85 · November 2, 2026 Nasdaq-reported close · Refreshed

10% fixed

Quarterly; filed daily change effective January 1, 2027

Defining feature

Highest named Strategy preferred liquidation tier; still behind creditors.

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Main risk

Dividends depend on issuer funding; priority does not protect the market price or guarantee recovery.

STRC →Strategy

12.09% indicated yield

At $99.28 · November 2, 2026 Nasdaq-reported close · Refreshed

12% variable

Semi-monthly through October 31; filed daily change effective November 1

Defining feature

Variable-rate cash preferred; the rate can change.

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Main risk

The $101 issuer call and $100 policy target are not guaranteed trading floors or holder exit rights.

STRK →Strategy

11.79% indicated yield

At $67.85 · October 30, 2026 Nasdaq-reported close · Held — review failed

8% fixed

Quarterly; filed daily change effective January 1, 2027

Defining feature

Holder conversion offers possible MSTR upside; Strategy chooses cash, shares or a mix for dividends.

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Main risk

Conversion replaces preferred rights with common-stock exposure; cash dividends and conversion gains are not guaranteed.

STRD →Strategy

14.36% indicated yield

At $69.65 · November 2, 2026 Nasdaq-reported close · Refreshed

10% fixed

Quarterly; filed daily change effective January 1, 2027

Defining feature

Fixed cash dividend when declared; higher indicated yield than the other three Strategy securities here.

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Main risk

Undeclared dividends do not carry forward; lowest named Strategy preferred liquidation tier.

SATA →Strive

13.66% indicated yield

At $95.20 · November 2, 2026 Nasdaq-reported close · Refreshed

13% variable

Business-day installments

Defining feature

Cash preferred senior to SATS for dividends and liquidation.

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Main risk

A variable rate and conditional payments; the $100 issuer-sale restriction is not a market-price floor.

SATS →Strive

16.29% indicated yield

At $92.08 · November 2, 2026 Nasdaq-reported close · Refreshed

15% fixed

First declared payment November 9; subsequent business-day installments

Defining feature

Higher fixed contractual rate than SATA, with a junior claim.

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Main risk

Junior to SATA; unpaid dividends do not compound. New issue with limited trading history.

BMNP →Bitmine

9.79% indicated yield

At $97.00 · October 30, 2026 Nasdaq-reported close · Held — review failed

9.5% fixed

Weekly, with business-day adjustments

Defining feature

Fixed cash dividend with weekly scheduling and exposure to an ETH-focused issuer.

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Main risk

Post-launch operating dividend coverage is unestablished; staking estimates are not distributable cash.

Other provider observations differ. See retained evidence.

Payments require applicable declarations and conditions. No scheduled maturity; no general right to cash out at $100. These shares are not direct Bitcoin or Ether collateral. Strategy’s amended certificates are filed, with STRC daily cadence effective November 1 and the other three effective January 1, 2027. SATS is the new Strive issue, not EchoStar history.

Research approach and dates

October 31 research uses dated primary filings. Strategy’s new September 30 results include a balance sheet and income statement, but its latest cash-flow statement and Strive’s comprehensive statements still end June 30; Bitmine’s latest found end May 31, before BMNP launched. Current liquidity updates do not turn old cash flows into current coverage. The publisher’s preferred holdings are disclosed as of October 28; no common-stock holdings are inferred.

Charts use an external provider independently of this research. No fixed email cadence or publishing schedule is promised.

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