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$STHC Premarket News!! SouthCorp Capital Announces Sale of Two Additional Properties

http://finance.yahoo.com/news/southcorp-capital-announces-sale-two-130000992.html

SANTA MONICA, Calif.--(BUSINESS WIRE)--

SouthCorp Capital, Inc. (STHC) announced today that the Company has agreed to sell two of its properties for $70,000. The Company’s cost related to the properties was approximately $7,500. As such the Company expects to issue a dividend of approximately $50,000 to the shareholders from the sale of these properties.

In the past two weeks the Company has accomplished the following goals:

(1) sold 3 properties for in excess of $100,000 (with a cost basis of $17,500)
(2) acquired two additional properties
(3) paid a cash dividend of $.00008 per share to shareholders of record as of August 15, 2014
(4) has a accrued dividend of $.0002 per share to be paid in September.

The Company is currently in discussions for the sale of additional properties and the acquisition of residential and commercial properties as well and should be able to provide an update shortly regarding the transactions.