High-yield 13% SATA preferred dividend and tax guidance from Strive (ASST)
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Strive, Inc. announced that its board maintained the regular dividend rate on its Variable Rate Series A Perpetual Preferred Stock (SATA) at 13.00% per annum for periods starting on July 1, 2026.
The board also declared daily cash dividends of $0.0493 per SATA share, or $1.0846 for the full July 2026 monthly period, across 22 business days
Strive stated it has no accumulated earnings and profits and does not expect to generate current earnings and profits in the current year or the foreseeable future, so a portion of SATA distributions may be treated as tax-deferred recovery of capital for U.S. investors.
Positive
- None.
Negative
- Strive reports no taxable earnings and profits and does not expect to generate current earnings and profits in the current year or the foreseeable future, indicating ongoing losses or insufficient profitability despite continuing preferred stock distributions.
Insights
Strive maintains a 13% SATA dividend, but signals no taxable earnings for the foreseeable future.
Strive is keeping the dividend rate on its Variable Rate Series A Perpetual Preferred Stock (SATA) at 13.00% per annum starting July 1, 2026. For July 2026, holders receive daily cash dividends of $0.0493 per share, or $1.0846 for the full monthly period over 22 business days.
The company states it has no accumulated earnings and profits and does not expect current earnings and profits in the current year or the foreseeable future. That means distributions on SATA are expected to be treated largely as return of capital for U.S. tax purposes, rather than taxable dividends, until earnings and profits exist.
This combination—high stated yield but distributions classified as return of capital—suggests income continues for preferred holders while common equity investors face a business that does not currently generate taxable earnings. Future filings may clarify whether operating performance changes this earnings and profits profile.
8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
SATA dividend rate: 13.00% per annum
Daily SATA dividend: $0.0493 per share
Monthly SATA dividend total: $1.0846 per share
+3 more
6 metrics
SATA dividend rate
13.00% per annum
Maintained for periods commencing on or after July 1, 2026
Daily SATA dividend
$0.0493 per share
Each business day from July 1, 2026 through July 31, 2026
Monthly SATA dividend total
$1.0846 per share
Aggregate for full July 2026 monthly period over 22 business days
July 2026 business days
22 business days
Number of dividend-paying business days in July 2026
Common stock listing
ASST
Class A common stock on The Nasdaq Stock Market LLC
Preferred stock listing
SATA
Variable Rate Series A Perpetual Preferred Stock on Nasdaq
Key Terms
Variable Rate Series A Perpetual Preferred Stock, emerging growth company, earnings and profits, recovery of capital, +1 more
5 terms
Variable Rate Series A Perpetual Preferred Stock financial
"Variable Rate Series A Perpetual Preferred Stock, $0.001 par value per share"
A variable rate series A perpetual preferred stock is a type of share that pays a priority cash distribution whose amount resets periodically based on a reference interest rate, carries a specific series label (Series A), and has no fixed maturity date so it can remain outstanding indefinitely. Investors care because it offers higher priority income than common stock and a yield that moves with market rates—providing potential protection when rates rise but more income uncertainty than a fixed coupon.
emerging growth company regulatory
"Emerging growth company o Item 8.01. Other Events."
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
earnings and profits financial
"The Company does not have any accumulated earnings and profits, and does not expect to generate current earnings and profits in the current year or the foreseeable future."
Earnings and profits describe the money a business keeps after covering its costs and expenses; 'earnings' usually means the final bottom-line amount while 'profits' can refer to that or to earlier stages after some costs are deducted. Investors watch these figures as a measure of a company's ability to grow, pay dividends and justify its stock price—think of it like a household’s leftover income after all bills, savings and necessary spending are paid.
recovery of capital financial
"they will be treated generally as tax-deferred recovery of capital to the extent of the investor’s tax basis"
U.S. dividend withholding tax regulatory
"and will be treated as exempt from U.S. dividend withholding tax (in the case of a non-U.S. investor)."
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________________________________________
FORM 8-K
_________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 15, 2026
_________________________________________________________
(Exact name of Registrant as Specified in Its Charter)
_________________________________________________________
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| (Address of principal executive offices and zip code) | ||||||||
Registrant’s Telephone Number, Including Area Code: (855 ) 427-7360
(Former Name or Former Address, if Changed Since Last Report)
_________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 8.01. Other Events.
Dividend Rate on SATA Stock
On June 15, 2026, Strive, Inc. ("Strive" or the "Company") announced that its board of directors maintained the regular dividend rate per annum on the Company’s SATA Stock at 13.00%, effective for periods commencing on or after July 1, 2026.
Cash Dividend Declaration
Strive also announced that its board of directors declared daily cash dividends of $0.0493 (or $1.0846 in the aggregate for the full monthly period) per share of SATA Stock for each business day for the period from July 1, 2026 through July 31, 2026, as listed in the table below (22 business days in the aggregate), which represents a per annum dividend rate of 13.00% on the SATA Stock. Daily payments will be made to stockholders of record of SATA Stock at the close of business on the immediately preceding business day.
| Payment date | Record date | Dividend | ||||||||||||
| July 1, 2026 | June 30, 2026 | $ | 0.0493 | |||||||||||
| July 2, 2026 | July 1, 2026 | $ | 0.0493 | |||||||||||
| July 6, 2026 | July 2, 2026 | $ | 0.0493 | |||||||||||
| July 7, 2026 | July 6, 2026 | $ | 0.0493 | |||||||||||
| July 8, 2026 | July 7, 2026 | $ | 0.0493 | |||||||||||
| July 9, 2026 | July 8, 2026 | $ | 0.0493 | |||||||||||
| July 10, 2026 | July 9, 2026 | $ | 0.0493 | |||||||||||
| July 13, 2026 | July 10, 2026 | $ | 0.0493 | |||||||||||
| July 14, 2026 | July 13, 2026 | $ | 0.0493 | |||||||||||
| July 15, 2026 | July 14, 2026 | $ | 0.0493 | |||||||||||
| July 16, 2026 | July 15, 2026 | $ | 0.0493 | |||||||||||
| July 17, 2026 | July 16, 2026 | $ | 0.0493 | |||||||||||
| July 20, 2026 | July 17, 2026 | $ | 0.0493 | |||||||||||
| July 21, 2026 | July 20, 2026 | $ | 0.0493 | |||||||||||
| July 22, 2026 | July 21, 2026 | $ | 0.0493 | |||||||||||
| July 23, 2026 | July 22, 2026 | $ | 0.0493 | |||||||||||
| July 24, 2026 | July 23, 2026 | $ | 0.0493 | |||||||||||
| July 27, 2026 | July 24, 2026 | $ | 0.0493 | |||||||||||
| July 28, 2026 | July 27, 2026 | $ | 0.0493 | |||||||||||
| July 29, 2026 | July 28, 2026 | $ | 0.0493 | |||||||||||
| July 30, 2026 | July 29, 2026 | $ | 0.0493 | |||||||||||
| July 31, 2026 | July 30, 2026 | $ | 0.0493 | |||||||||||
ROC Dividend Guidance
From a U.S. federal income tax perspective, to the extent distributions on the SATA Stock are not treated as being made out of the Company's accumulated or current earnings and profits, they will be treated generally as tax-deferred recovery of capital to the extent of the investor’s tax basis (in the case of a U.S. investor) and will be treated as exempt from U.S. dividend withholding tax (in the case of a non-U.S. investor). The Company does not have any accumulated earnings and profits, and does not expect to generate current earnings and profits in the current year or the foreseeable future.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Strive, Inc. | |||||||||||
| Date: | June 15, 2026 | By: | /s/ Matthew Cole | ||||||||
| Matthew Cole | |||||||||||
| Chief Executive Officer | |||||||||||
FAQ
What dividend rate did Strive (ASST) set for its SATA preferred stock?
Strive kept the SATA preferred dividend rate at 13.00% per year. The board maintained this regular rate effective for periods beginning on July 1, 2026, signaling continued high-yield payments on the Variable Rate Series A Perpetual Preferred (SATA) shares.
How much in cash dividends will Strive SATA holders receive for July 2026?
SATA holders will receive $0.0493 per share per business day in July 2026. Over 22 business days, this totals $1.0846 per share for the full July monthly period, reflecting the 13.00% annual dividend rate on the preferred stock.
What are the key July 2026 dividend dates for Strive’s SATA preferred stock?
Daily payments run from July 1 to July 31, 2026. Each business day has its own payment date, with record dates on the immediately preceding business day, ensuring continuous daily cash dividends throughout the July 2026 business calendar.
How might Strive’s SATA dividends be treated for U.S. federal income tax purposes?
SATA distributions may be treated as tax-deferred recovery of capital for U.S. investors. Because Strive has no accumulated earnings and profits and does not expect current earnings and profits, payments are generally not taxable dividends until earnings and profits exist.
What does Strive’s statement about no earnings and profits mean for investors?
Strive reports no accumulated earnings and profits and does not expect current earnings and profits for the current year or foreseeable future. This implies the business is not generating taxable profits, even while it continues paying high-yield preferred dividends on SATA.
Are Strive SATA dividends subject to U.S. withholding tax for non-U.S. investors?
To the extent SATA distributions are not from earnings and profits, they are expected to be exempt from U.S. dividend withholding tax for non-U.S. investors. The company notes such amounts are treated as return of capital rather than ordinary dividends.