Sotherly Hotels 7.25% Senior Notes Due 2021
By: Tim McPartland,
Date Issued 2/8/2018
Shares Issued 1,000,000 Overallotment Shares 150,000
S&P Rating NR Moodys NR
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Security Ticker Symbol SOHOK
Market Traded ON NASDAQ
Interest Payment Paid on the 15th of February, May, August and November beginning on 5/15/2018
Quarterly Interest .492 Annual Interest 1.967
Securities may be redeemed, at the issuers option, as early as 2/15/2019 for a redemption price of $25/share plus accrued interest.
Payment Will NOT be a Qualified Distributions. Payments are interest-not dividends.
Maturity Date 2/15/2021
Company Investor Relations Page for Sotherly Hotels
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Click here to find the offering prospectus.
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
