Ontrak Declares Quarterly Dividend on 9.50% Non-Convertible Series A Preferred Stock

Rhea-AI Summary

Ontrak, Inc. (NASDAQ: OTRK, OTRKP) has announced the fifth quarterly cash dividend for its 9.50% Series A Cumulative Perpetual Preferred Stock, equaling $0.593750 per share. The annual dividend rate is set at 9.50%, based on a liquidation preference of $25.00 per share. This dividend will be payable on November 30, 2021 to holders of record as of November 15, 2021. The Series A Preferred Stock trades under the symbol “OTRKP” on NASDAQ.

Positive

• Dividend payment of $0.593750 per share shows confidence in financial stability.
• 9.50% dividend yield is attractive for income-focused investors.

Negative

• None.

SANTA MONICA, Calif.--(BUSINESS WIRE)-- Ontrak, Inc. (NASDAQ: OTRK) (NASDAQ: OTRKP) (“Ontrak” or the “Company”) today announced that its Board of Directors has declared the fifth quarterly cash dividend for the Company’s 9.50% Series A Cumulative Perpetual Preferred Stock (the “Series A Preferred Stock”).

The fifth 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 November 30, 2021 to holders of record as of the close of business on November 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.ontrakhealth.com.

About Ontrak, Inc.

Ontrak, Inc. (f/k/a Catasys, Inc.) is a leading AI and telehealth-enabled healthcare company, whose mission is to help improve the health and save the lives of as many people as possible. Ontrak identifies, engages, activates and provides care pathways to treatment for the most vulnerable members of the behavioral health population who would otherwise fall through the cracks of the healthcare system. We engage individuals with anxiety, depression, substance use disorder and chronic disease through personalized care coaching and customized care pathways that help them receive the treatment and advocacy they need, despite the socio-economic, medical and health system barriers that exacerbate the severity of their comorbid illnesses. The company’s integrated intervention platform uses AI, predictive analytics and digital interfaces combined with dozens of care coach engagements to deliver improved member health, better healthcare system utilization, and durable outcomes and savings to healthcare payors.

Learn more at www.ontrakhealth.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20211103005800/en/

Caroline Paul

Gilmartin Group

investors@ontrak-inc.com

Source: Ontrak, Inc.

FAQ

What is the dividend amount for Ontrak's Series A Preferred Stock?

The dividend amount is $0.593750 per share.

When will Ontrak's dividend be paid?

The dividend will be paid on November 30, 2021.

What is the record date for the dividend payment?

The record date is November 15, 2021.

What is the dividend yield for Ontrak's Series A Preferred Stock?

The dividend yield is 9.50% based on a liquidation preference of $25.00 per share.

How often does Ontrak pay dividends on its preferred stock?

Ontrak pays dividends quarterly on its Series A Preferred Stock.