Sotherly: Sotherly Hotels Inc. Announces Amended Dividend Tax Treatment

WILLIAMSBURG, Va., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO) (the "Company") is amending the estimated income tax classification information of the Company's 2024 distributions on its Series D preferred shares (CUSIP #83600C509), which was previously released on February 18, 2025, due to the inclusion of incorrect "paid" and "record" dates in the release. The changes apply to only the Series D preferred shares portion of the release. The income tax classification of the 2024 distributions as it is expected to be reported on Form 1099-DIV is set forth in the following table:SERIES B PREFERRED SHARES TotalTaxableNontaxable RecordPaidCash DistributionOrdinaryDistributionSec 199ADateDatePer ShareIncome(Return of Capital)Dividends02/29/202403/15/20240.500000 0.500000 0.000000 0.500000 05/31/202406/17/20240.500000 0.500000 0.000000 0.500000 08/30/202409/16/20240.500000 0.500000 0.000000 0.500000 11/29/202412/16/20240.500000 0.500000 0.000000 0.500000 TOTAL 2.000000 2.000000 0.000000 2.000000 Percent 100.0000% 100.0000% 0.0000%