dividend
confidence high
sentiment neutral
materiality 0.30
Procaccianti Hotel REIT authorizes Q1 distributions totaling $937,004 at 7% annual rate
PROCACCIANTI HOTEL REIT, INC.
- Authorized $678,523 distribution for Class K shares outstanding as of March 31, 2023.
- Authorized $233,058 distribution for Class K-I shares and $3,308 for Class K-T shares.
- Authorized $22,115 distribution for Class K OP units held by unaffiliated sellers of Hilton Garden Inn Providence.
- All distributions accrue at 7% per annum ($0.001917808 per share per day).