Recent 8-K filings for PRXK
Highest-materiality recent filing
Procaccianti Hotel REIT NAV per share drops sharply; Class A NAV falls from $22.76 to $9.82
- Estimated NAV per share as of March 31, 2024: K-I $10.17, K $10.17, K-T $12.23, A $9.82, B $0.00.
- Year-over-year decline: K-I/K shares fell from $11.53; A shares declined from $22.76; B shares fell from $14.77.
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Procaccianti Hotel REIT prorates Q1 2026 share repurchases at 1.3% due to funding limit
Board determined Funding Limitation reached for Q1 2026; insufficient DRIP proceeds to cover all requests.
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Procaccianti Hotel REIT renegotiates $15.6M loan; rate cut to 6.50% on Traverse City hotel debt
Interest rate reduced to fixed 6.50% from prior rate; effective May 6, 2026.
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Procaccianti Hotel REIT removes advisory fee sunset; stockholder vote approves amendment
Second Amended and Restated Advisory Agreement eliminates Aug. 13, 2026 deadline for asset management fee to cease accruing.
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Procaccianti Hotel REIT board authorizes ~$2.4M per A share distribution on Aug 1, 2025
Cumulative distribution of $683,680 per A share for Sept 29, 2016 – Mar 30, 2020 at 6% annual accrual rate.
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Procaccianti Hotel REIT updates estimated per share NAV; Class A drops to $7.14 from $9.82
Estimated per share NAV as of March 31, 2025: Class K-I and K shares $10.17, Class A shares $7.14, Class B shares $0.00.
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Procaccianti Hotel REIT prorates Q1 2025 share repurchases at 2.4% due to funding limit
Board determined Funding Limitation reached for Q1 2025; insufficient DRIP net proceeds to fund all repurchase requests.
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Procaccianti Hotel REIT estimates NAV per share: K-I/K $10.17, K-T $12.23, A $9.82, B $0.00
Estimated NAV per share: K-I and K shares $10.17; K-T shares $12.23; A shares $9.82; B shares $0.00.
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Procaccianti Hotel REIT NAV per share drops sharply; Class A NAV falls from $22.76 to $9.82
Estimated NAV per share as of March 31, 2024: K-I $10.17, K $10.17, K-T $12.23, A $9.82, B $0.00.
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Procaccianti Hotel REIT refinances Hotel Indigo Traverse City with $15.6M Berkshire Bank loan
Borrowed $15,600,000 from Berkshire Bank to refinance existing debt on the 107-room Hotel Indigo Traverse City.
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Procaccianti Hotel REIT refinances two hotels with $23.67M Liberty Bank loan
Borrowed $23.67M via two loans secured by St. Petersburg and Wilmington hotels; proceeds used to pay off existing first mortgages.
Materiality & sentiment trend
Max materiality 0.85 · Median 0.47 · Most common event other_material