Dividend suspended 12/11/2023
Name Changed to CareCloud on 1/10/2023-previously was Medical Transcription. 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
Safety rating moved to ‘B’ on 6/12/2024 as the company holds mostly cash right now after liquidating office properties previously
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