secwatch.observer — SEC 8-K summary
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Issuer:     PROCACCIANTI HOTEL REIT, INC. (PRXK)
CIK:        0001692345
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001104659-24-112962
Event type: dividend
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Procaccianti Hotel REIT authorizes $952,288 in distributions for Q3 2024
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- Board authorized $685,731 for K Shares, $244,012 for K-I Shares, and $1 for K-T Shares as accrued distributions.
- Class K OP Unit distributions of $22,544 authorized for Affiliate Sellers.
- Accrual rate of 7% per annum equates to $0.0019125683 per share per day for all classes.
- Record date for distribution is September 30, 2024; payment authorized from legally available funds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692345/000110465924112962/0001104659-24-112962-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692345/000110465924112962/tm2427223d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-112962

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