QUANTUMONLINE.COM SECURITY DESCRIPTION:  CareCloud, Inc. formerly MTBC, Inc., formerly Medical Transcription Billing Corp., 11.00% Series A Cumulative Redeemable Perpetual Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 11/4/2020 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 11.00% per annum ($2.75 per annum or $0.22917 per month) will be paid monthly on the 15th day of each month to holders of record on the record date that will be the last day of the calendar month (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page 104 of the prospectus for further information). Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends (see prospectus for further information). This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NCM Chart	11.00% $2.75	$25.00 $25.00	11/04/2020 n.a.	NF NF 4/16/2023	Suspended! 15th day of each month Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

Notes:  Dec. 11, 2023 -- 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 suspended its 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") beginning with the payment scheduled for December 15, 2023. The suspension of these dividends will defer approximately $1.3 million in cash dividend payments each month. During this suspension, dividends will continue to accrue on the Series A and Series B Preferred Stock. The Board of Directors will regularly review and consider when the suspension should be lifted.

Company's Online Information Links

HOME PAGE:     https://www.carecloud.com/
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Company's Online SEC EDGAR Filings

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Company's Email Address Links

Email Address

bkorn@carecloud.com

Address and Phone Numbers

Address:   7 Clyde Road, Somerset, NJ 08873
Main Phone Number	732-873-5133
Fax Number	732-873-3378
Investor Contact (CFO)   Bill Korn	732-873-5133
Toll Free Phone Number	866-266-6822

CEO - A. Hadi Chaudhry

CFO - Bill Korn