Ru Back Packer

Quotes delayed 20 minutes

If the video does not load after a few moments, Upgrade to the Latest Flash Player.
Free Preferred Stock Newsletter
Gain access to weekly reports with featured preferred stock screens, new preferred stock offerings, and more.

Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 7:40 AM

Slide #27. Sotherly Hotels Inc. Preferred Stock Offering

Company: Sotherly Hotels Inc. (NASDAQ:SOHO)
Date announced: 10/3/2017
Shares Offered: 1,200,000
Date of Pricing: 10/3/2017
Price Per Share: $25.00
Preferred Stock Offering Details: Sotherly Hotels Inc. (NASDAQ:SOHO) (the "Company") today announced the pricing of its underwritten public offering of 1,200,000 shares of its 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock (the "Series C Preferred Stock") for total gross proceeds of approximately $30,000,000 before underwriting discounts and commissions and expenses payable by the Company. The Company has granted the underwriters a 30-day option to purchase up to an additional 180,000 shares of Series C Preferred Stock being offered to cover over-allotments, if any, at the public offering price of $25.00 per share of the Series C Preferred Stock. The offering is expected to close on or about October 11, 2017, subject to customary closing conditions. The Company has filed an application to list the Series C Preferred Stock on the NASDAQ under the symbol "SOHOO" and trading is expected to commence within 30 days of closing of the offering.

Sotherly Hotels is a self-managed and self-administered lodging real estate investment trust engaged in owning, acquiring, renovating and repositioning hotel properties located in primary markets in the mid-Atlantic and southern U.S. Co. conducts its business through Sotherly Hotels LP, its operating partnership. As of Dec 31 2016, Co.'s portfolio consisted of 12 primarily upscale and upper-upscale hotels located in eight states with an aggregate of 3,011 rooms. All of Co.'s hotels are wholly-owned by subsidiaries of the Operating Partnership, and all are managed on a day to day basis by MHI Hotels Services, LLC.
Open the SOHO Page at Ru Back Packer »

Name: Sotherly Hotels Inc
Sector: REITs
Number of ETFs Holding SOHO: 2 (see which ones)
Total Market Value Held by ETFs: $229,929
Total Market Capitalization: $85,000,000
% of Market Cap. Held by ETFs: 0.27%

Open the SOHO Page at Ru Back Packer (in a new window) »

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference

The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500

Preferred Stock Offerings - Slide 27 of 414 | | Copyright © 2011 - 2018, All Rights Reserved