Subject: STHC Soars Up Over 50% and Holding a gain of 30% Now

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STHC Soars Up Over 50% and Holding a gain of 30% Now
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Company: SouthCorp Capital, Inc. (OTCQB: STHC)


Price: 0.026

Change (%): + 0.006 (30.00)

Volume: 483,978
STHC Chart

SouthCorp Capital Announces 15% Dividend

SANTA MONICA, California--(BUSINESS WIRE)--SouthCorp Capital, Inc. (OTCQB: STHC) announced today that the Company’s Board of Directors created a new class of Preferred Stock. The minimum investment will be $500 and the price per share will be $0.10 per share. The number of Series D Preferred Stock will be capped at 15,000,000. The Company will use the proceeds from the sale of the stock to purchase and renovate properties. This will allow the Company to grow without the needing to issue additional Common Stock.

Dividend: The new class will be Series D Preferred Stock and will pay a 15% annual dividend. The dividend will be paid at a rate of 1.25% on the 15th of each month.

Redeemable: Shareholders will be able to redeem (have the Company buy back the shares) at any time. The shareholder will only be required to provide 60 days’ notice to the Company and return of the physical certificate with a medallion signature guarantee.

Tradability: If 40 or more shareholders purchase the Series D Preferred Stock, the Company will file with the SEC and FINRA to obtain a separate ticker symbol for the Series D Preferred Stock.

Current shareholders will be given priority to purchase the Series D Preferred Stock.

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