Sotherly Hotels 8% Series B Cumulative Redeemable Perpetual Preferred Stock
By: Tim McPartland,
Date Issued 8/23/2016
Shares Issued 1,610,000 Overallotment Shares 241,500
S&P Rating NR Moodys NR
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Security Ticker Symbol SOHOB OTC Temporary Ticker SOHYP
Market Traded ON NASDAQ
Dividend Payment Paid on the 15th of January, April, July and October beginning on 10/15/2016
Quarterly Dividend .50 Annual Dividend 2.00
Securities may be redeemed, at the issuers option, as early as 08/23/2021 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