MTBC Declares Monthly Dividends on Non-Convertible Series A Cumulative Redeemable Perpetual Preferred Stock Offering
March 20 2017 - 8:30AM
Marketwired
SOMERSET, NJ-(Marketwired - Mar 20, 2017) - 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 March,
April and May 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:
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.Contact Information
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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