WILLIAMSBURG, Va., Feb. 10, 2015 (GLOBE NEWSWIRE) — SoTHERLY Hotels Inc. (Nasdaq:SOHO) (the “Company”) today appear the estimated assets tax allocation of the Company’s 2014 distributions on its accepted shares (CUSIP #83600C103). The assets tax allocation of the 2014 distributions as it is accepted to be appear on Form 1099-DIV is set alternating in the afterward table:
No allocation of the assets declared in 2014 represented adopted taxes, basic assets or able allotment income. Almanac holders of the Company’s accepted shares who accustomed any of the assets defined in the table aloft will accept an Internal Revenue Service (IRS) Form 1099-DIV from American Stock Transfer & Trust Company, the Company’s allotment advantageous agent. The Form 1099-DIV will address the assets paid with account to 2014. Shareholders whose shares are captivated in “street name” will accept an IRS Form 1099 from the bank, allowance close or added appointee captivation their shares. The accepted allotment allotment declared for shareholders of almanac as of December 15, 2014, and payable on January 9, 2015, will be appear on shareholders’ IRS Form 1099-DIV for the 2015 tax year.
The admonition in the table aloft is based on the basic after-effects of assignment on the tax filings of the Company and is accountable to alteration or acclimation back the filings are completed. No actual change in these classifications is expected. The tax admonition aloft should not be construed as tax admonition and is not a acting for accurate tax planning and analysis. Shareholders are encouraged to argue with their own tax admiral apropos the specific federal, state, local, adopted and added tax after-effects of buying of the accepted shares of Sotherly Hotels Inc. and the specific tax analysis of distributions therefrom.
About SoTHERLY Hotels Inc.
SoTHERLY Hotels Inc. is a self-managed and self-administered abode REIT focused on the acquisition, renovation, upbranding and repositioning of flush and high flush full-service hotels in the Southern United States. Currently, the Company’s portfolio consists of investments in twelve auberge properties, eleven of which are wholly-owned and comprise 2,698 rooms. The Company additionally has a 25.0 percent absorption in the Crowne Plaza Hollywood Beach Resort. Most of the Company’s backdrop accomplish beneath the Hilton Worldwide, InterContinental Hotels Group and Starwood Hotels and Resorts brands. SoTHERLY Hotels Inc.was organized in 2004 and is headquartered in Williamsburg, Virginia. For added information, amuse appointment www.sotherlyhotels.com.
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