secwatch.observer — SEC 8-K summary
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Issuer:     PROCACCIANTI HOTEL REIT, INC. (PRXK)
CIK:        0001692345
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001104659-24-086135
Event type: dividend
Sentiment:  neutral
Materiality: 0.25
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Procaccianti Hotel REIT authorizes Q2 2024 distributions totaling ~$941K on common shares and OP units
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- Board approved distributions for K, K-I, K-T shares outstanding June 30, 2024 at 7% per annum accrual.
- K Share Accrual $678,807; K-I Share Accrual $239,941; K-T Share Accrual $354.
- Distribution of $22,299 authorized on Class K OP Units held by affiliate sellers of Hilton Garden Inn property.
- Per-share/unit daily accrual $0.0019125683, reflecting 7% annual rate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692345/000110465924086135/0001104659-24-086135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692345/000110465924086135/tm2420929d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-086135

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