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Security Details
- Coupon Rate
- 11.00%
- Liquidation Preference
- $25.00
- Call Price
- $25.00
- Call / Redemption Date
- 11/4/2020
- Maturity Date
- None
- Distribution Period
- M
- Rate Type
- Fixed
- Annual Distribution
- 2.75
- Distribution Dates
- 15th day of each month
- Credit Ratings
- Moody's NF · S&P NF (4/16/2023)
- Tax-Advantaged Dividends
- Yes
Security Profile
- CUSIP
- 14167R209 (prev. 55378G201 )
- Market Cap
- Micro Cap
- IPO
- 6/26/2017 · $25.00/share
- Previous Symbol
- MTBCP (changed 1/10/2023)
- Previous Name
- MTBC, Inc.
- Parent Company
- Medical Transcription Billing Corp. (CCLD)
Business: 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. <p> 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). <p> 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). <p> 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). <p> 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.
Notes: March 30, 2026 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDO) (“CareCloud” or the “Company”), a leading provider of healthcare technology and revenue cycle management solutions, today highlighted the successful continued market absorption of the Q1 2025 conversion of its Series A Preferred Stock (“Preferred A”, formerly traded as CCLDP) into common equity, while reaffirming its previously issued financial guidance and continued confidence in its growth outlook.<p>
The Preferred A conversion, completed on March 6, 2025, resulted in the issuance of approximately 26 million shares of common stock, increasing CareCloud’s total common shares outstanding from approximately 16 million shares to approximately 42 million shares. Since the completion of the conversion, the Company’s stock has demonstrated resilience and continues to trade in line with levels observed prior to and during the conversion period, with a recent closing price of $3.49 on March 27, 2026. The conversion of Preferred A has been substantially completed, with only three substantial shareholders remaining. The Company believes this orderly market transition reflects the underlying strength of its business fundamentals and recurring revenue model.
<P>January 21, 2025 -- CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDO, CCLDP), a leader in healthcare information technology and generative AI solutions for medical practices and health systems nationwide, today announced that its Board of Directors (the “Board”) has decided to resume dividend payments on its Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) and Series B Cumulative Redeemable Perpetual Preferred Stock (the “Series B Preferred Stock”) earlier than previously announced based on the Company’s success at accelerating free cash flow. <p> 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 Contact
- CEO
- A. Hadi Chaudhry
- CFO
- Norman Roth
- CEO
- Stephen Snyder
- Headquarters
- 7 Clyde Road, Somerset, NJ 08873
- Phone
- 732-873-5133 · Toll-Free 866-266-6822
- Fax
- 732-873-3378
- Investor Relations
- Stephen Snyder · 732-873-5133 · ir@carecloud.com