Procaccianti Hotel REIT prorates Q2 2024 share repurchases at ~31.38% due to funding limit

PROCACCIANTI HOTEL REIT, INC.

Board determined on Aug 14, 2024 that net proceeds from DRIP were insufficient to fund all Q2 repurchase requests.
Deceased stockholders' shares will be repurchased on a pro rata basis at approximately 31.38% of the requested shares.
One qualifying disability request (category i) was not prioritized; no small-account requests (category ii) were received.
Unfulfilled repurchase requests will automatically carry over to subsequent quarters unless withdrawn.

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