MicroStrategy-linked preferred security STRC recovers $100 par value

STRC, a perpetual preferred security linked to MicroStrategy (MSTR), recovered its par value of $100 on March 26. The recovery occurred nine trading days after the ex-dividend date on March 13, a slightly faster rebound than the average of approximately 10 trading days. The security is designed to trade around $100 and offers an annual dividend of about 11.5%.