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CareCloud Announces Preferred Stock Dividend Payments

GlobeNewswire LogoGlobeNewswire11h ago

CareCloud Announces Preferred Stock Dividend Payments - GlobeNewswire

Quick Summary:

About CCLDO CareCloud’s Series B Preferred Stock trades on the Nasdaq Global Market under the ticker symbol "CCLDO.” Commencing on February 15, 2024, the Company may, at its option, upon not less than 30 nor more than 60 days’ written notice, redeem the Series B Preferred Stock, in whole or in part, at any time or from time to time, for cash at redemption prices of either $25.50 per share (for redemptions on and after February 15, 2025 and prior to February 15, 2026), $25.25 per share (for redemptions on and after February 15, 2026 and prior to February 15, 2027), or $25.00 per share (for redemptions on and after February 25, 2027), plus any accumulated and unpaid dividends thereon to, but not including, the date fixed for redemption.

The following table shows the monthly dividends and associated record and payment dates:   March 2025  April 2025 Series A dividend per share $0.18229  $0.18229 Series A additional payment per share  $0.04688  $0.04688 Series B dividend per share $0.18229  $0.18229 Ex-dividend date  March 31, 2025   April 30, 2025 Record date  March 31, 2025   April 30, 2025 Payment date  April 15, 2025   May 15, 2025  Holders of shares of the Series A Preferred Stock as of the record date 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).

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 fixed for redemption.

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Article Details

Author / Journalist: CareCloud, Inc

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-14 @ 11:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 1278 words

Reading Time: 8 minutes read

Sentences: 27 lines

Sentence Length: 48 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 26987960

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 26 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

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Website Security: Secure (HTTPS)

Publisher ID: #116

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