Sotherly Hotels reinstates preferred dividends; Series B $0.50/sh, Series C $0.4921875/sh, Series D $0.515625/sh

Sotherly Hotels Inc.

Series B preferred dividend reinstated at $0.50/share, payable March 15, 2023 to holders of record Feb 28, 2023.
Series C preferred dividend reinstated at $0.4921875/share, payable March 15, 2023 to holders of record Feb 28, 2023.
Series D preferred dividend reinstated at $0.515625/share, payable March 15, 2023 to holders of record Feb 28, 2023.
CEO Dave Folsom cites continued recovery of operating fundamentals as basis for reinstatement.
Company intends to reduce accrued preferred dividends via special dividends as warranted by market conditions.

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