Sotherly Hotels Inc. Announces Dividend Tax Treatment
Sotherly Hotels (NASDAQ: SOHO) has released its estimated income tax classification for 2024 distributions on its preferred shares Series B, C, and D. The company's dividends are classified as 100% taxable ordinary income and qualify as Section 199A dividends.
For Series B preferred shares, quarterly distributions of $0.50 per share totaled $2.00 annually. Series C preferred shares received $0.492188 quarterly, totaling $1.968752 for the year. Series D preferred shares had quarterly payments of $0.515625, amounting to $2.0625 annually.
No portion of the 2024 dividends represented foreign taxes or qualified dividend income. Shareholders will receive IRS Form 1099-DIV from Equiniti Trust Company for direct holdings, while those with shares in 'street name' will receive forms from their respective financial institutions.
Sotherly Hotels (NASDAQ: SOHO) ha pubblicato la sua classificazione stimata delle imposte sul reddito per le distribuzioni del 2024 relative alle sue azioni privilegiate Serie B, C e D. I dividendi dell'azienda sono classificati come reddito ordinario tassabile al 100% e qualificano come dividendi ai sensi della Sezione 199A.
Per le azioni privilegiate di Serie B, le distribuzioni trimestrali di $0,50 per azione ammontano a $2,00 all'anno. Le azioni privilegiate di Serie C hanno ricevuto $0,492188 trimestrali, per un totale di $1,968752 per l'anno. Le azioni privilegiate di Serie D hanno avuto pagamenti trimestrali di $0,515625, arrivando a un totale annuale di $2,0625.
Nessuna parte dei dividendi del 2024 rappresentava tasse estere o reddito da dividendi qualificati. Gli azionisti riceveranno il modulo IRS 1099-DIV dalla Equiniti Trust Company per le partecipazioni dirette, mentre coloro che possiedono azioni in 'street name' riceveranno i moduli dalle rispettive istituzioni finanziarie.
Sotherly Hotels (NASDAQ: SOHO) ha publicado su clasificación estimada de impuestos sobre la renta para las distribuciones de 2024 en sus acciones preferentes Serie B, C y D. Los dividendos de la compañía se clasifican como ingresos ordinarios totalmente imponibles y califican como dividendos de la Sección 199A.
Para las acciones preferentes de la Serie B, las distribuciones trimestrales de $0.50 por acción suman un total de $2.00 anuales. Las acciones preferentes de la Serie C recibieron $0.492188 trimestrales, totalizando $1.968752 para el año. Las acciones preferentes de la Serie D tuvieron pagos trimestrales de $0.515625, alcanzando un total anual de $2.0625.
Ninguna parte de los dividendos de 2024 representó impuestos extranjeros o ingresos por dividendos calificados. Los accionistas recibirán el formulario IRS 1099-DIV de Equiniti Trust Company para las participaciones directas, mientras que aquellos que tienen acciones en 'street name' recibirán formularios de sus respectivas instituciones financieras.
소더리 호텔즈 (NASDAQ: SOHO)는 2024년 배당금에 대한 예상 소득세 분류를 발표했습니다. 이는 B, C 및 D 시리즈 우선주에 해당합니다. 회사의 배당금은 100% 과세되는 일반 소득으로 분류되며, 섹션 199A 배당금으로 자격이 주어집니다.
B 시리즈 우선주의 경우 분기별 배당금은 주당 $0.50로 연간 총 $2.00에 해당합니다. C 시리즈 우선주는 분기별로 $0.492188을 받아 연간 총 $1.968752에 달합니다. D 시리즈 우선주는 분기별 지급액이 $0.515625로 연간 총 $2.0625에 해당합니다.
2024년 배당금의 어떤 부분도 외국 세금이나 자격 있는 배당 소득을 나타내지 않습니다. 주주들은 Equiniti Trust Company로부터 직접 보유한 주식에 대해 IRS 1099-DIV 양식을 받게 되며, 'street name'으로 주식을 보유한 경우에는 해당 금융 기관으로부터 양식을 받게 됩니다.
Sotherly Hotels (NASDAQ: SOHO) a publié sa classification estimée de l'impôt sur le revenu pour les distributions de 2024 concernant ses actions privilégiées des séries B, C et D. Les dividendes de l'entreprise sont classés comme un revenu ordinaire imposable à 100 % et se qualifient en tant que dividendes au sens de la section 199A.
Pour les actions privilégiées de la série B, les distributions trimestrielles de 0,50 $ par action totalisent 2,00 $ par an. Les actions privilégiées de la série C ont reçu 0,492188 $ par trimestre, totalisant 1,968752 $ pour l'année. Les actions privilégiées de la série D ont eu des paiements trimestriels de 0,515625 $, soit un total annuel de 2,0625 $.
Aucune partie des dividendes de 2024 ne représentait des impôts étrangers ou des revenus de dividendes qualifiés. Les actionnaires recevront le formulaire IRS 1099-DIV de la Equiniti Trust Company pour les participations directes, tandis que ceux qui détiennent des actions au nom de 'street name' recevront des formulaires de leurs institutions financières respectives.
Sotherly Hotels (NASDAQ: SOHO) hat seine geschätzte Einkommenssteuerklassifikation für die Ausschüttungen 2024 auf seine Vorzugsaktien der Serien B, C und D veröffentlicht. Die Dividenden des Unternehmens werden als 100% steuerpflichtiges Einkommen klassifiziert und qualifizieren sich als Dividenden gemäß Abschnitt 199A.
Für die Vorzugsaktien der Serie B betrugen die vierteljährlichen Ausschüttungen $0,50 pro Aktie, was jährlich insgesamt $2,00 ergibt. Die Vorzugsaktien der Serie C erhielten vierteljährlich $0,492188, was für das Jahr insgesamt $1,968752 ergibt. Die Vorzugsaktien der Serie D hatten vierteljährliche Zahlungen von $0,515625, die jährlich $2,0625 ausmachten.
Kein Teil der Dividenden 2024 stellte ausländische Steuern oder qualifiziertes Dividendeneinkommen dar. Aktionäre erhalten von der Equiniti Trust Company das IRS-Formular 1099-DIV für direkte Beteiligungen, während diejenigen, die Aktien im 'Street Name' besitzen, Formulare von ihren jeweiligen Finanzinstituten erhalten.
- Consistent quarterly dividend payments maintained across all preferred share series
- 100% of distributions qualify as Section 199A dividends
- No return of capital in distributions, indicating earnings support
- None.
WILLIAMSBURG, Va., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced the estimated income tax classification of the Company’s 2024 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 2024 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 | ||||
| 02/29/2024 | 03/15/2024 | 0.500000 | 0.500000 | 0.000000 | 0.500000 | ||||
| 05/31/2024 | 06/17/2024 | 0.500000 | 0.500000 | 0.000000 | 0.500000 | ||||
| 08/30/2024 | 09/16/2024 | 0.500000 | 0.500000 | 0.000000 | 0.500000 | ||||
| 11/29/2024 | 12/16/2024 | 0.500000 | 0.500000 | 0.000000 | 0.500000 | ||||
| TOTAL | 2.000000 | 2.000000 | 0.000000 | 2.000000 | |||||
| Percent | 100.0000 | % | 100.0000 | % | 0.0000 | % | 100.0000 | % | |
| The CUSIP number for Sotherly Hotels Inc.'s Series B Preferred Shares is 83600C301. | |||||||||
| SERIES C PREFERRED SHARES | |||||||||
| Total | Taxable | Nontaxable | |||||||
| Record | Paid | Cash Distribution | Ordinary | Distribution | Sec 199A | ||||
| Date | Date | Per Share | Income | (Return of Capital) | Dividends | ||||
| 02/29/2024 | 03/15/2024 | 0.492188 | 0.492188 | 0.000000 | 0.492188 | ||||
| 05/31/2024 | 06/17/2024 | 0.492188 | 0.492188 | 0.000000 | 0.492188 | ||||
| 08/30/2024 | 09/16/2024 | 0.492188 | 0.492188 | 0.000000 | 0.492188 | ||||
| 11/29/2024 | 12/16/2024 | 0.492188 | 0.492188 | 0.000000 | 0.492188 | ||||
| TOTAL | 1.968752 | 1.968752 | 0.000000 | 1.968752 | |||||
| Percent | 100.0000 | % | 100.0000 | % | 0.0000 | % | 100.0000 | % | |
| The CUSIP number for Sotherly Hotels Inc.'s Series C Preferred Shares is 83600C400. | |||||||||
| SERIES D 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 | 0.515625 | 0.515625 | 0.000000 | 0.515625 | ||||
| 05/31/2023 | 06/15/2023 | 0.515625 | 0.515625 | 0.000000 | 0.515625 | ||||
| 08/31/2023 | 09/15/2023 | 0.515625 | 0.515625 | 0.000000 | 0.515625 | ||||
| 11/30/2023 | 12/15/2023 | 0.515625 | 0.515625 | 0.000000 | 0.515625 | ||||
| TOTAL | 2.062500 | 2.062500 | 0.000000 | 2.062500 | |||||
| Percent | 100.0000 | % | 100.0000 | % | 0.0000 | % | 100.0000 | % | |
| The CUSIP number for Sotherly Hotels Inc.'s Series D Preferred Shares is 83600C509. | |||||||||
No portion of the dividends declared in 2024 represented foreign taxes or qualified dividend income. Record holders of the Company’s common shares who received any of the dividends specified in the table above will receive an Internal Revenue Service (IRS) Form 1099-DIV from Equiniti Trust Company, LLC (formerly, American Stock Transfer & Trust Company), the Company’s dividend paying agent. The Form 1099-DIV will report the dividends paid with respect to 2024. Shareholders whose shares are held in “street name” will receive an IRS Form 1099 from the bank, brokerage firm or other nominee holding their shares.
The information in the table above is based on the preliminary results of work on the tax filings of the Company and is subject to correction or adjustment when the filings are completed. No material change in these classifications is expected. The tax information above should not be construed as tax advice and is not a substitute for careful tax planning and analysis. Shareholders are encouraged to consult with their own tax advisors regarding the specific federal, state, local, foreign and other tax consequences of ownership of the common shares of Sotherly Hotels Inc. and the specific tax treatment of distributions therefrom.
About Sotherly Hotels Inc.
Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Currently, the Company’s portfolio consists of investments in twelve hotel properties, comprising 2,786 rooms, as well as interests in two condominium hotels and their associated rental programs. The Company owns hotels that operate under the Hilton Worldwide, Marriott International, Inc., and Hyatt Hotels Corporation brands, as well as independent hotels. Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia. For more information, please visit www.sotherlyhotels.com.
FAQ
What is the annual dividend amount for SOHO Series B preferred shares in 2024?
How are SOHO's 2024 preferred share dividends classified for tax purposes?
What is the quarterly dividend payment for SOHO Series C preferred shares?
When are the dividend payment dates for SOHO preferred shares in 2024?
Do SOHO's 2024 preferred share dividends include any foreign taxes or qualified dividend income?
