MTBC Declares Monthly Dividends on Non-Convertible Series A Cumulative Redeemable Perpetual Preferred Stock Offering
August 15 2016 - 4:30PM
Marketwired
MTBC Declares Monthly Dividends on Non-Convertible Series A
Cumulative Redeemable Perpetual Preferred Stock Offering
SOMERSET, NJ-(Marketwired - Aug 15, 2016) - MTBC (NASDAQ: MTBC)
(NASDAQ: MTBCP), a leading provider of cloud-based healthcare IT
and revenue cycle management solutions, announced today that its
Board of Directors has declared monthly cash dividends for its 11%
Series A Cumulative Redeemable Perpetual Preferred Stock ("Series A
Preferred Stock") for September, October and November 2016.
Holders of shares of the Series A Preferred Stock are entitled
to receive cumulative cash dividends at the rate of 11% of the
$25.00 per share liquidation preference per annum (equivalent to
$2.75 per annum per share). Dividends on the Series A Preferred
Stock are payable monthly on the 15th day of each month; provided
that if any dividend payment date is not a business day, then the
dividend may be paid on the next succeeding business day. Dividends
are payable to holders of record on the applicable record date,
which shall be the last day of the calendar month, whether or not a
business day.
MTBC's Series A Preferred Stock trades on the NASDAQ Capital
Market under the ticker symbol "MTBCP."
The following table shows the monthly dividends and associated
record and payment dates:
|
|
Sept. 2016
|
|
Oct. 2016
|
|
Nov. 2016
|
Dividend per share
|
|
$0.22917
|
|
$0.22917
|
|
$0.22917
|
Ex-dividend date
|
|
Sept. 28, 2016
|
|
Oct. 27, 2016
|
|
Nov. 28, 2016
|
Record date
|
|
Sept. 30, 2016
|
|
Oct. 31, 2016
|
|
Nov. 30, 2016
|
Payment date
|
|
Oct. 17, 2016
|
|
Nov. 15, 2016
|
|
Dec. 15, 2016
|
About MTBC
Medical Transcription Billing, Corp. is a healthcare information
technology company that provides a fully integrated suite of
proprietary web-based solutions, together with related business
services, to healthcare providers throughout the United States. Our
integrated Software-as-a-Service (or SaaS) platform helps our
customers increase revenues, streamline workflows and make better
business and clinical decisions, while reducing administrative
burdens and operating costs. MTBC's common stock trades on the
NASDAQ Capital Market under the ticker symbol "MTBC," and its
Series A Preferred Stock trades on the NASDAQ Capital Market under
the ticker symbol "MTBCP."
For additional information, please visit our website at
www.mtbc.com.
Follow MTBC on TWITTER, LINKEDIN and FACEBOOK.
Disclaimer
This press release is for information purposes only, and does
not constitute an offer to sell or solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
other jurisdiction in which such offer, solicitation or sale would
be unlawful prior to the registration or qualification under the
securities laws of such state or jurisdiction.
SOURCE: MTBC
Contact Information
- Investor Contacts: PCG Advisory Group Christine J. Petraglia
Managing Director christine@pcgadvisory.com 646-731-9817 Media: PCG
Advisory Group Sean Leous Chief Communications Officer
sleous@pcgadvisory.com 646-863-8998 Company Contact: Bill Korn
Chief Financial Officer Medical Transcription Billing, Corp.
bkorn@mtbc.com 732-873-5133
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