Procaccianti Hotel REIT prorates Q3 2023 share repurchases at ~30.1% due to funding limitation

PROCACCIANTI HOTEL REIT, INC.

Board determined Funding Limitation reached for Q3 2023; insufficient net DRIP proceeds to fulfill all repurchase requests.
No deceased stockholder or qualifying disability repurchase requests were received this quarter.
Remaining repurchase requests will be prorated at approximately 30.1% of shares requested.
Unfulfilled repurchase requests automatically carry over to subsequent periods unless withdrawn by stockholder.
Proration affects shareholders seeking liquidity through the Share Repurchase Program.

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