Procaccianti Hotel REIT prorates Q3 repurchases to 4.6% after funding cap hit

PROCACCIANTI HOTEL REIT, INC.

Board determined insufficient DRIP proceeds to fund all Q3 repurchase requests, triggering Funding Limitation.
Deceased stockholders' shares repurchased in full; no priority category (i) or (ii) requests.
Remaining repurchase requests prorated at approximately 4.6% of shares requested.
Unfulfilled requests automatically carried to next repurchase period unless withdrawn.

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