Sotherly Hotels notifies preferred holders of change-of-control conversion; deadline March 20

Sotherly Hotels Inc.

Series B preferred may convert at $18.656708/share, Series C at $19.132650, Series D at $16.642013.
Conversion deadline is 5:00 p.m. ET on March 20, 2026; holders must comply with DTC procedures.
Non-converted shares will remain outstanding and are expected to trade on the OTCQB market.
Merger with KW Kingfisher LLC closed Feb 12, 2026; Parent now holds all common stock.
Company makes no recommendation; holders urged to consult advisors.

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