secwatch.observer — SEC 8-K summary
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Issuer:     PROCACCIANTI HOTEL REIT, INC. (PRXK)
CIK:        0001692345
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001104659-23-050576
Event type: dividend
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Procaccianti Hotel REIT authorizes Q1 distributions totaling $937,004 at 7% annual rate
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692345/000110465923050576/0001104659-23-050576-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692345/000110465923050576/tm2313824d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-050576

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer