  We study phases of five-dimensional three-charge black holes with a circle in
their transverse space. In particular, when the black hole is localized on the
circle we compute the corrections to the metric and corresponding
thermodynamics in the limit of small mass. When taking the near-extremal limit,
this gives the corrections to the finite entropy of the extremal three-charge
black hole as a function of the energy above extremality. For the partial
extremal limit with two charges sent to infinity and one finite we show that
the first correction to the entropy is in agreement with the microscopic
entropy by taking into account that the number of branes shift as a consequence
of the interactions across the transverse circle.
