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Security Details
- Coupon Rate
- 8.25%
- Liquidation Preference
- $25.00
- Call Price
- $25.00
- Call / Redemption Date
- 4/18/2024
- Maturity Date
- None
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 2.06
- Distribution Dates
- 1/15, 4/15, 7/15 & 10/15
- Credit Ratings
- Moody's NR · S&P NR (6/15/2025)
- Tax-Advantaged Dividends
- No
Security Profile
Security's distribution is suspended.
- CUSIP
- 83600C509
- Market Cap
- Micro Cap
- IPO
- 4/11/2019 · $25.00/share
- Previous Symbol
- SOHEP (changed 4/25/2019)
- Parent Company
- Sotherly Hotels, Inc. (SOHO)
Business: Sotherly Hotels, Inc., 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 04/18/2024 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. <p> Cumulative distributions of 8.25% per annum ($2.0625 per annum or $0.515625 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date fixed by the board (NOTE: the ex-dividend date is one business day prior to the record date). <p> Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. <p> Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). <p> This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: 10/27/2025 WILLIAMSBURG, Va., Oct. 27, 2025 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that it 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 November 20, 2025, to shareholders of record as of October 31, 2025. In connection with that payment deferral, the October 31, 2025 record date for each of those series of preferred stock has been cancelled. The Company is also suspending future preferred stock dividends.
<p>
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.<p>
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.
Company Contact
- CEO
- Dave Folsom
- CFO
- Anthony E. Domalski
- Headquarters
- 306 South Henry Street, Suite 100, Williamsburg, VA 23185
- Phone
- 757-229-5648
- Investor Relations
- Mack Sims · 757-229-5648 · macksims@sotherlyhotels.com