Justin Grover

Strive’s first $SATS dividend is $0.871. Here is the Q&A for fellow investors: Q: Is that $0.871 a "bonus" for buying before the record date? A: "Bonus" is the wrong word. It’s 14 business days of the 15% coupon (Oct 21 to Nov 9) already built into the price, paid to shareholders of record on November 6. Q: So what happens to the price after the first distribution? A: Since the accrual is already in the price, $SATS will adjust down by about that amount on the ex date. Q: Then what changes after Monday? A: The catch‑up is gone, and $SATS pays the same 15% as $0.0658 every business day for the rest of November. Q: How does Strive expect these $SATS distributions to be taxed for U.S. investors? A: Strive expects them to be Return Of Capital (ROC), which lowers your cost basis instead of landing as taxable income today. In other words, $SATS pays its 15% coupon every business day and pushes the tax bill out until you sell. For a top bracket Californian, matching that takes ~32.7% from fully taxed income (33.8% in New York City).