Name Changed to CareCloud on 1/10/2023. Common ticker changed to CCLD and the 8.75% preferred changed to CCLDO
Originally issued by Level One Bancorp which was acquired by First Merchants effective 4/1/2023
May only be redeemed on a dividend payment date
Shares are fixed-rate reset shares. The coupon is fixed at 6.875% until 4/15/2028 at which point the coupon resets at the 5 year treasury plus a fixed spread of 2.704%. The coupon then resets each 5 years
Only redeemable on a dividend payment date
A review of the prospectus does NOT reveal any particular protections for holders of this security in the event of LNC being bought or merged
Organized as a PFIC–Passive Foreign Investment Company
Only redeemable on a dividend payment date.