secwatch.observer — SEC 8-K summary
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Issuer:     Sotherly Hotels Inc. (SOHOO)
CIK:        0001301236
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0000950170-23-001051
Event type: dividend
Sentiment:  positive
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1301236/000095017023001051/0000950170-23-001051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1301236/000095017023001051/soho-20230124.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001051

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