secwatch.observer — SEC 8-K summary
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Issuer:     PROCACCIANTI HOTEL REIT, INC. (PRXK)
CIK:        0001692345
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001104659-22-113900
Event type: dividend
Sentiment:  neutral
Materiality: 0.25
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Procaccianti Hotel REIT authorizes Q3 2022 distributions on common shares and OP units
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- Board authorized distributions of $690,883 on K Shares, $235,445 on K-I Shares, and $10,594 on K-T Shares for Q3 2022.
- Distributions accrue at 7% per annum ($0.001917808/share/day) for each common share class.
- Also authorized $22,606 distribution on Class K OP units held by unaffiliated sellers of Hilton Garden Inn Providence.
- Record date for distributions was September 30, 2022; accruals cover period from July 1, 2022.
- All distributions payable out of legally available funds, customary for the REIT's quarterly schedule.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692345/000110465922113900/0001104659-22-113900-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692345/000110465922113900/tm2229482d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-113900

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