Ontrak Declares Quarterly Dividend on 9.50% Non-Convertible Series A Preferred Stock
February 05 2021 - 4:05PM
Business Wire
Ontrak, Inc. (NASDAQ: OTRK)
(NASDAQ: OTRKP) (“Ontrak” or the “Company”) today announced
that its Board of Directors has declared the second quarterly cash
dividend for the Company’s 9.50% Series A Cumulative Perpetual
Preferred Stock (the “Series A Preferred Stock”).
The second quarterly cash dividend equals $0.593750 per share,
at 9.50% per annum of liquidation preference of $25.00 per share.
The Series A Preferred Stock dividend will be payable on February
28, 2021 to holders of record as of the close of business on
February 15, 2021, provided that if any dividend payment date is
not a business day, then the dividend that would otherwise have
been payable may be paid on the next succeeding business day and no
interest, additional dividends or other sums will accrue on the
amount so payable for the period from and after the dividend
payment date to that next succeeding business day.
The Series A Preferred Stock trades on NASDAQ Global Market
under the symbol “OTRKP.”
For additional information, visit https://www.ontrak-inc.com
About Ontrak, Inc.
Ontrak, Inc. (f/k/a Catasys, Inc.) is a leading AI and
telehealth enabled, virtualized healthcare company, whose mission
is to help improve the health and save the lives of as many people
as possible. The company’s PRE™ (Predict-Recommend-Engage) platform
predicts people whose chronic disease will improve with behavior
change, recommends effective care pathways that people are willing
to follow, and engages people who are not getting the care they
need. By combining predictive analytics with human engagement,
Ontrak delivers improved member health and validated outcomes and
savings to healthcare payers.
The company’s integrated, technology-enabled Ontrak™ programs, a
critical component of the PRE platform, are designed to provide
healthcare solutions to members with behavioral conditions that
cause or exacerbate chronic medical conditions such as diabetes,
hypertension, coronary artery disease, COPD, and congestive heart
failure, which result in high medical costs.
Ontrak has a unique ability to engage these members, who do not
otherwise seek behavioral healthcare, leveraging proprietary
enrollment capabilities built on deep insights into the drivers of
care avoidance.
Ontrak integrates evidence-based psychosocial and medical
interventions delivered either in-person or via telehealth, along
with care coaching and in-market Community Care Coordinators who
address the social and environmental determinants of health,
including loneliness. The company’s programs improve member health
and deliver validated cost savings to healthcare payers of more
than 50 percent for enrolled members. Ontrak solutions are
available to members of leading national and regional health plans
in 30 states and in Washington, D.C.
Learn more at www.ontrak-inc.com
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version on businesswire.com: https://www.businesswire.com/news/home/20210205005462/en/
Investors: Caroline Paul Gilmartin Group
investors@ontrak-inc.com
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