secwatch.observer — SEC 8-K summary
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Issuer:     PROCACCIANTI HOTEL REIT, INC. (PRXK)
CIK:        0001692345
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001104659-24-011416
Event type: dividend
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Procaccianti Hotel REIT board authorizes Q4 2023 distributions of $932K across stock and OP units
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- Board authorized $689,607 on K Shares, $240,782 on K-I Shares, $1,817 on K-T Shares for Q4 2023.
- Class K OP Unit distribution of $22,606 authorized for Affiliate Sellers of Hilton Garden Inn property.
- Accrual rate of 7% per annum for all share classes and OP units.
- Record date as of December 31, 2023; distributions from legally available funds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692345/000110465924011416/0001104659-24-011416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692345/000110465924011416/tm245373d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-011416

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