secwatch.observer — SEC 8-K summary
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Issuer:     PROCACCIANTI HOTEL REIT, INC. (PRXK)
CIK:        0001692345
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0001104659-25-039327
Event type: dividend
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Procaccianti Hotel REIT authorizes $935K in distributions for Q1 2025
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- Board authorized $670,156 distribution for Class K common stock, reflecting 7% per annum accrual.
- Board authorized $242,972 distribution for Class K-I common stock, also at 7% per annum.
- $22,115 distribution authorized for Class K OP units held by affiliate sellers of Hilton Garden Inn.
- Daily accrual rate of $0.001917808 per share/unit for all classes, consistent with charter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692345/000110465925039327/0001104659-25-039327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692345/000110465925039327/tm2513230d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-039327

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer