Notes: March 17, 2020 -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that it has implemented rigorous cost-savings measures to minimize the impact of revenue declines resulting from cancellations, corporate travel restrictions, and government mandated closures related to concerns surrounding COVID-19. The Company is taking the following actions at the property and corporate level: As approved by its board of directors, the Company is announcing the suspension of its regular quarterly cash common stock dividends in order to preserve liquidity and ensure future success. The Company is also deferring payment of the previously declared first quarter dividend that was to be paid April 9, 2020 to stockholders of record on March 13, 2020. The Company is deferring payment of its previously announced dividends for its Series B Cumulative Redeemable Perpetual Preferred Stock, Series C Cumulative Redeemable Perpetual Preferred Stock, and Series D Cumulative Redeemable Perpetual Preferred Stock that were to be paid April 15, 2020 to shareholders of record as of March 31, 2020.