Sotherly Hotels 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock
By: Tim McPartland,
Date Issued 10/4/2017
Shares Issued 1,200,000 Overallotment Shares 180,000
S&P Rating NR Moodys NR
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Security Ticker Symbol SOHOO OTC Temporary Ticker SOHPP
Market Traded ON NASDAQ
Dividend Payment Paid on the 15th of January, April, July and October beginning on 1/15/2018
Quarterly Dividend .492 Annual Dividend 1.967
Securities may be redeemed, at the issuers option, as early as 10/15/2022 for a redemption price of $25/share plus accrued dividends
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Dividend Payment Will NOT be a Qualified Distributions. Preferred stock of REITs do no pay qualified distributions.
Maturity Date None
Company Investor Relations Page for Sotherly Hotels
Tim McPartland
Connect with Tim McPartland
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.
