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Sotherly Hotels 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock

By: ,

Date Issued   10/4/2017

Shares Issued   1,200,000   Overallotment Shares 180,000

S&P Rating  NR       Moodys  NR

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

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

Click here to find the offering Prospectus

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