secwatch.observer — SEC 8-K summary
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Issuer:     PROCACCIANTI HOTEL REIT, INC. (PRXK)
CIK:        0001692345
Form:       8-K
Filed at:   2024-08-15T23:59:59+00:00
Accession:  0001104659-24-089976
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Procaccianti Hotel REIT prorates Q2 2024 share repurchases at ~31.38% due to funding limit
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- 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- Unfulfilled repurchase requests will automatically carry over to subsequent quarters unless withdrawn.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692345/000110465924089976/0001104659-24-089976-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692345/000110465924089976/tm2421807d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-089976

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