Sotherly Hotels 8% Series B Cumulative Redeemable Perpetual Preferred Stock

By: ,

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

Click here to find the offering Prospectus

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