To: Ccube who wrote (78375 ) 10/27/2025 9:15:02 PM From: E_K_S 1 RecommendationRecommended By
Read Replies (2) | Respond to Below are the three Preferreds for SOHO. 16.16x ADV Sotherly Hotels, 7.875% Series C Cumulative Redeemable Perpetual Preferred StockTicker Symbol: SOHOO Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). 13.58x ADV Sotherly Hotels Inc. - 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). 12.66x ADV Sotherly Hotels Inc. - 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). Total Debt: Sotherly Hotels had approximately $320-$340 million in total debt as of recent filings.Total Preferred Liability (at Par): The total liquidation preference for all three series is approximately $103.6 million , plus a significant amount of cumulative dividends in arrears . Today's Take Private Offer VERY small compared to the other liabilities. Common Stock Price: $2.25 per share Total Equity Purchase Price (Common Stock): $46.1 million
