Procaccianti Hotel REIT prorates Q4 2023 share repurchases at 15.3% due to funding limit

PROCACCIANTI HOTEL REIT, INC.

Board found insufficient DRIP net proceeds to fund all Q4 2023 share repurchase requests.
Deceased stockholders' shares repurchased in full; no requests from disability or small-account categories.
Remaining share repurchases prorated at approximately 15.3% of shares requested.
Unfulfilled repurchase requests automatically carried over to subsequent periods unless withdrawn.

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