PROCACCIANTI HOTEL REIT, INC. 8-K

What Happened

• Procaccianti Hotel REIT, Inc. (PRXA) filed an 8‑K reporting that on February 3, 2026 its board authorized payment of distributions out of legally available funds to holders of record of Class K common stock (K Shares) and Class K‑I common stock (K‑I Shares) as of December 31, 2025, and authorized distributions to holders of Class K limited partnership units (Class K OP Units) held by certain affiliate sellers related to the sale of the Hilton Garden Inn property.
• The filing reports aggregate accrued amounts of $681,398 for K Shares and $252,796 for K‑I Shares (accrued since September 30, 2025), and $22,606 aggregate for the Class K OP Units (accrued from issuance through September 30, 2025). The accrual rate is 7% per annum, equal to $0.001917808 per K Share, per K‑I Share, and per Class K OP Unit per day.

Key Details

• Board action date: February 3, 2026; filing date: Form 8‑K filed February 5, 2026.
• Record date for common stock distributions: holders of K and K‑I Shares as of December 31, 2025.
• Aggregate accruals: K Shares = $681,398; K‑I Shares = $252,796; Class K OP Units = $22,606.
• Accrual rate used: 7% per year (reported as $0.001917808 per share/unit per day).

Why It Matters

• These authorized distributions represent cash payments the company will make to specific classes of equity holders and certain affiliate unit holders, reflecting accrued obligations under the charter and unit agreements.
• The action affects cash outflows to the named classes/affiliate sellers (not a broad common‑stock dividend); investors should note this applies only to K, K‑I shares and specified Class K OP unit holders and does not signal a change to other share classes.
• The filing provides precise accrual figures and rates but does not detail the exact payment timing in the 8‑K beyond the board authorization. Investors tracking yield, cash use, or related affiliate transactions (e.g., sale of the Hilton Garden Inn property) may want to monitor upcoming filings for payment confirmation and any related disclosures.