CareCloud Declares Dividends on Non-Convertible Series A and Series B Cumulative Redeemable Perpetual Preferred Stock

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[{"type":"text","content":"SOMERSET, N.J., Aug. 04, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that its Board of Directors has declared monthly cash dividends for its 11% Series A Cumulative Redeemable Perpetual Preferred Stock (\"Series A Preferred Stock\") and its 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock (\"Series B Preferred Stock\") for September, October and November 2023. This represents 97 consecutive months of dividends declared since the Series A Preferred Stock was initially sold in November 2015. The following table shows the monthly dividends and associated record and payment dates: Sept. 2023Oct. 2023Nov. 2023Series A dividend per share$0.22917$0.22917$0.22917Series B dividend per share$0.18229$0.18229$0.18229Ex-dividend dateSept. 28, 2023Oct. 30, 2023Nov. 29, 2023Record dateSept. 30, 2023Oct. 31, 2023Nov. 30, 2023Payment dateOct. 16, 2023Nov. 15, 2023Dec. 15, 2023 Holders of shares of the Series A Preferred Stock are entitled to receive cumulative cash dividends at the rate of 11% per annum of the $25.00 per share liquidation preference (equivalent to $2.75 per annum per share). Holders of shares of the Series B Preferred Stock are entitled to receive cumulative cash dividends at the rate of 8.75% per annum of the $25.00 per share liquidation preference (equivalent to $2.1875 per annum per share). Dividends on the Series A Preferred Stock and Series B Preferred Stock are cumulative and payable monthly on the 15th day of each month; provided that if any dividend payment date is not a business day, then the dividend may be paid on the next succeeding business day. Dividends are payable to holders of record on the applicable record date, which shall be the last day of the calendar month, whether or not a business day. About CCLDPCareCloud's Series A Preferred Stock trades on the Nasdaq Global Market under the ticker symbol \"CCLDP.\" The Company may, at its option, upon not less than 30 nor more than 60 days’ written notice, redeem additional shares of the Series A Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon to, but not including, the date f...

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