Stratified properties such as ‘happy unhappiness’, ‘ungrounded ground’, ‘fortunate misfortune’, and evidently ‘true falsity’ may generate dialetheias (true contradictions). The aim of the article is to show that if this is the case, then we will have a special, conjunctive, kind of dialetheia: a true state description of the form ‘Fa and not Fa’ (for some property F and object a), wherein the two conjuncts, separately taken, are to be held untrue. The particular focus of the article is on happy unhappiness: people suffering from (or enjoying) happy unhappiness (if there is some situation or state of mind of this kind) cannot be truly said ‘happy’ or ‘unhappy’, but we can say they are both. In the first section three cases of conjunctive stratification are presented; in the second section the logic of stratified contradictions is explored. The last section focuses on eudemonistic ascriptions: stated that a is happy to be unhappy (or unhappy to be happy), should we say a is happy? unhappy? both? neither?