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SOHOB Sotherly Hotels 8.0% Series B Cumulative Preferred Stock

We will pay cumulative distributions on our Series B Preferred Stock at a distribution rate of 8.0% per annum of the $25.00 liquidation preference per share, which is equivalent to $2.00 per share of Series B Preferred Stock. Distributions on our Series B Preferred Stock sold in this offering will be payable quarterly in arrears on the 15th day of January, April, July and October of each year. The first distribution on the Series B Preferred Stock sold in this offering will be paid on the first business day following October 15, 2016, and will be in the pro rated amount of $0.2111 per share. Our Series B Preferred Stock is not subject to any sinking fund. Upon liquidation, dissolution or winding up, our Series B Preferred Stock will rank senior to our common stock, par value $0.01 per share, or the common stock, with respect to the payment of distributions. On or after August 23, 2021, we may, at our option, redeem our Series B Preferred Stock, in whole or from time to time in part, for cash at a redemption price of $25.00 per share, plus all accrued and unpaid distributions on such shares of Series B Preferred Stock up to, but not including, the redemption date.  This security was issued by Sotherly Hotels Inc, whose common stock symbol is SOHO.

$24.07  0.00 (0.00%)
As of 03/24/2023 00:00:00 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Real Estate
Industry:  REIT—Hotel & Motel
Index country:  USA
Country of incorporation:  USA
IPO date:  08/29/2016
Outstanding shares:  1,610,000
Average volume:  3,646
Market cap:   $40,636,400
Current dividend yield:  7.92%    calculation
Coupon rate:    8.000%
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   08/23/2021
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K

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