Procaccianti Hotel REIT prorates Q2 2023 share repurchases at ~19.7% due to funding limitation

PROCACCIANTI HOTEL REIT, INC.

Board determined Funding Limitation reached; insufficient net proceeds from DRIP for Q2 2023 repurchase requests.
Deceased stockholders' shares repurchased in full; no requests in priority categories (i) and (ii).
Remaining repurchase requests prorated at approximately 19.7% of shares requested.
Unfulfilled requests carried over automatically to subsequent periods unless withdrawn.

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