Core Points - CareCloud, Inc. has announced the transfer of funds for January 2025 dividend payments on its Series A and Series B Cumulative Redeemable Perpetual Preferred Stock [1][2] - Holders of Series A Preferred Stock will receive a dividend of 22.917 cents per share, while holders of Series B Preferred Stock will receive 18.229 cents per share, with a record date of January 31, 2025 [2][9] - The dividend payments are expected to be reflected in shareholders' brokerage accounts between February 18 and February 20, 2025 [2][9] Financial Management - The Interim Chief Financial Officer of CareCloud, Norman Roth, emphasized the company's commitment to responsible fiscal management and financial stability [3] - Dividends for both Series A and Series B Preferred Stock are cumulative and payable monthly, in arrears, on the 15th of each month or the next business day if the 15th is a bank holiday or weekend [3] Shareholder Communication - Shareholders who do not see their dividend payment by the end of the following week are encouraged to contact their broker for assistance [4] - For further inquiries, the CareCloud Investor Relations team can be reached via email [4] Company Overview - CareCloud provides a suite of AI and technology-enabled solutions aimed at improving financial and operational performance in healthcare [5] - The company serves over 40,000 providers, helping them enhance patient care while reducing administrative burdens and operating costs [5]
CareCloud Transfers Funds for Preferred Stock Dividends