secwatch.observer — SEC 8-K summary
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Issuer:     PROCACCIANTI HOTEL REIT, INC. (PRXK)
CIK:        0001692345
Form:       8-K
Filed at:   2024-11-20T23:59:59+00:00
Accession:  0001104659-24-120968
Event type: other_material
Sentiment:  negative
Materiality: 0.45
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Procaccianti Hotel REIT prorates Q3 share repurchases at 44.9% due to DRIP funding cap
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- Board found insufficient DRIP net proceeds to fund all September 30, 2024 repurchase requests.
- Deceased stockholders' shares repurchased at prorated rate of approximately 44.9%.
- One qualifying-disability request was received but not prioritized; no small-account requests.
- Unfulfilled repurchase requests automatically carry over to future periods unless withdrawn.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692345/000110465924120968/0001104659-24-120968-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692345/000110465924120968/tm2429038d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-120968

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