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Sotherly Hotels, Inc.
Ticker Symbol: SOHO CUSIP: 83600C103 Previous CUSIP: 55302l102 Exchange: NGM
Company's Online Profile
BUSINESS: Sotherly Hotels, Inc, is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale and upper upscale full-service hotels in the Southern United States.
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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.
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IPO - 12/17/2004 - 6.00 Million Shares @ $10.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: MDH Changed: 4/22/2013
Previous Name: MHI Hospitality Corp. Changed: 4/22/2013
Micro Cap Stock -
Market Value $37.9 Million
Click for current SOHO price quote from the NASDAQ
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 306 South Henry Street, Suite 100, Williamsburg, VA 23185 |
| Main Phone Number |
757-229-5648 |
| Fax Number |
Not Available |
| Investor Relations
Mack Sims
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757-229-5648
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| CEO - Dave Folsom |
CFO - Anthony E. Domalski |
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