MTBC Declares Monthly Dividends on Non-Convertible Series A Cumulative Redeemable Perpetual Preferred Stock Offering
November 18 2016 - 9:00AM
Marketwired
MTBC Declares Monthly Dividends on
Non-Convertible Series A Cumulative Redeemable Perpetual Preferred
Stock Offering
SOMERSET, NJ-(Marketwired - Nov 18, 2016)
- MTBC (NASDAQ: MTBC) (NASDAQ: MTBCP), a leading provider of proprietary web-based
electronic health records, practice management and mHealth
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 December
2016, January 2017 and February 2017.
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:
Dec. 2016 Jan. 2017 Feb. 2017
Dividend per share $0.22917 $0.22917
$0.22917
Ex-dividend date Dec. 28, 2016 Jan. 27, 2017
Feb. 24, 2017
Record date Dec. 31, 2016 Jan. 31, 2017 Feb. 28,
2017
Payment date Jan. 17, 2017 Feb. 15, 2017 Mar.
15, 2017
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.
SOURCE MTBC
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.
MTBC Investor and Media
Contact:
Christine J. Petraglia
Managing Director
PCG Advisory Group
christine@pcgadvisory.com
(646) 731-9817
Company Contact:
Bill Korn
Chief Financial Officer
Medical Transcription Billing, Corp.
bkorn@mtbc.com
(732) 873-5133
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