News Column

SouthCorp Capital Announces 15% Dividend

August 21, 2014

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.

About SouthCorp Capital.Southcorp Capital, Inc. is a Delaware corporation. The Company focus is on the acquisition and renovation of single-family and mutli-family properties in the U.S with the intent of reselling the property after renovations have occurred. Our real estate investments are expected to focus properties undervalued and/or in need of some repairs.

Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.


SouthCorp Capital, Inc.

Joseph Wade


SouthCorp Capital, Inc.

Joseph Wade, 661-418-7842

Source: SouthCorp Capital, Inc.

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Source: Business Wire

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