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

Rhea-AI Summary

Ontrak, Inc. (OTRK, OTRKP) announced a cash dividend of $0.593750 per share for its 9.50% Series A Cumulative Perpetual Preferred Stock. This dividend, based on a $25.00 per share liquidation preference, will be paid on February 28, 2022 to shareholders of record as of February 15, 2022. The Series A Preferred Stock trades on NASDAQ under the symbol 'OTRKP'. For more information, visit Ontrak's website.

Positive

• The announcement of a cash dividend demonstrates confidence in financial stability.
• The dividend amount of $0.593750 per share provides a steady income stream for shareholders.

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 sixth quarterly cash dividend for the Company’s 9.50% Series A Cumulative Perpetual Preferred Stock (the “Series A Preferred Stock”).

The sixth 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, 2022 to holders of record as of the close of business on February 15, 2022, 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 behavioral health provider visits and 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/20220203005741/en/

Investors:

Caroline Paul

Gilmartin Group

investors@ontrakhealth.com

Source: Ontrak, Inc.

FAQ

What is the dividend amount for Ontrak's preferred stock?

Ontrak's cash dividend for the Series A Preferred Stock is $0.593750 per share.

When is Ontrak's next dividend payment date?

The next dividend payment date is February 28, 2022.

What is the record date for Ontrak's dividend payment?

The record date for the dividend payment is February 15, 2022.

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

The yield on Ontrak's Series A Preferred Stock is 9.50% per annum.