CareCloud Suspends Dividends on Non-Convertible Series A, B Cumulative Redeemable Perpetual Preferred

 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.

https://www.globenewswire.com/news-release/2023/12/11/2794304/16541/en/CareCloud-Announces-Suspension-of-its-Dividends-on-Non-Convertible-Series-A-and-Series-B-Cumulative-Redeemable-Perpetual-Preferred-Stock.html