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Non-Tech : Income Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jerrymac who wrote (46802)	11/10/2021 8:27:41 PM
From: E_K_S	2 Recommendations Recommended By Jerrymac MRothaus1 Respond to of 52143

Re: Broken preferred Heard this interview on Bloomberg yesterday. It is VERY Bullish on the sector. Marriott Betting on Travel Rebound With More Rooms Marriott International CEO Tony Capuano says the company is optimistic that it can fill up more rooms as travel returns. with plans to add more than 200,000 new accommodations to meet demand. Capuano??speaks on "Bloomberg Markets." I can think of no other low risk & High Reward to invest in the industry. Wild Card may/could be that Marriott just acquires SOHO as these are high end U.S. destination resorts. Fits perfect with their offering.

To: Jerrymac who wrote (46802)	11/12/2021 8:16:10 AM
From: E_K_S	3 Recommendations Recommended By Jerrymac KEN2CWL MRothaus1 Respond to of 52143

Re: Broken preferred - Q3 earnings out Sotherly Hotels Inc. Reports Financial Results for the Third Quarter Ended September 30, 2021 Earnings better but not back to 2019 levels Common Dividends. As approved by its Board of Directors, the Company has suspended its regular quarterly cash dividend in order to preserve liquidity. Accordingly, the Company did not pay a dividend on its common stock and common units for the quarter ended September 30, 2021. The Board of Directors will continue to monitor the situation and assess future quarterly common dividend declarations. Per the terms of the Company’s preferred stock, the Company cannot make any common dividend payments unless full cumulative distributions have been declared and paid for past distribution periods for each series of preferred stock.

To: Jerrymac who wrote (46802)	11/30/2021 3:32:22 PM
From: E_K_S	2 Recommendations Recommended By Jerrymac RJCogburn64 Read Replies (2) \| Respond to of 52143

Re: Broken preferred Looks like SOHO sold one of their Hotels On November 30, 2021, Raleigh Hotel Associates, LLC (the "Seller"), a Delaware limited liability company and an affiliate of Sotherly Hotels Inc. ("Sotherly" or the "Company"), a Maryland corporation and the sole general partner of Sotherly Hotels LP, a Delaware limited partnership (the "Operating Partnership"), entered into a real estate sale agreement (the "Agreement") to sell the DoubleTree by Hilton Raleigh-Brownstone University hotel located in Raleigh, North Carolina (the "Hotel") to CS Acquisition Vehicle, LLC, a Delaware limited liability company (the "Buyer") for a purchase price of $42.0 million. The Company intends to use any net cash proceeds from the sale of the Hotel to repay the existing mortgage on the property, repay a portion of the secured notes with Kemmons Wilson, to make any required distribution on the Company's preferred stock related to maintaining the Company's REIT status, and for general corporate purposes. The closing of the sale of the Hotel is subject to various customary closing conditions, including the satisfactory completion of a diligence review of the Hotel, the accuracy of representations and warranties through closing, and conditions related to the termination of Hotel agreements and leases. Link to filing --------------------------------------------------------------------- Looks like they bought this for $21 Million. Are they going to reinstate the Preferred Dividends?