MicroStrategy’s New Preferred Issue Yields 10% as Stock Sells at Discount - Barron's
1. MicroStrategy issued $584 million of convertible preferred stock at $80 per share. 2. The offering size increased from $250 million due to lower than expected demand. 3. The dividend yield reached 10%, higher than the anticipated 8% if priced at $100. 4. Shares convertible to MicroStrategy common stock, influencing investor sentiment. 5. This is MicroStrategy's first preferred stock offering, impacting its capital structure.