WILLIAMSBURG, Va., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO) (the "Company") today announced the estimated income tax classification of the Company's 2023 distributions on its Series B preferred shares (CUSIP #83600C301), Series C preferred shares (CUSIP #83600C400), and Series D preferred shares (CUSIP #83600C509). The income tax classification of the 2023 distributions as it is expected to be reported on Form 1099-DIV is set forth in the following table:
SERIES B PREFERRED SHARES | |||||||||
Total | Taxable | Nontaxable | |||||||
Record | Paid | Cash Distribution | Ordinary | Distribution | Sec 199A | ||||
Date | Date | Per Share | Income | (Return of Capital) | Dividends | ||||
02/28/2023 | 03/15/2023 | 0.500000 | 0.500000 | 0.000000 | 0.500000 | ||||
05/31/2023 | 06/15/2023 | 0.500000 | 0.500000 | 0.000000 | 0.500000 | ||||
06/30/2023 | 07/14/2023 | 0.500000 | 0.500000 | 0.000000 | 0.500000 | ||||
08/31/2023 | 09/15/2023 | 0.500000 | 0.500000 | 0.000000 | 0.500000 | ||||
11/30/2023 | 12/15/2023 | 0.500000 | 0.500000 | 0.000000 | 0.500000 | ||||
TOTAL | 2.500000 | 2.500000 | 0.000000 | 2.500000 | |||||
Percent | 100.0000% | 100.0000% | 0.0000% | 100.0000% |