PROCACCIANTI HOTEL REIT, INC. 8-K

What Happened

• Procaccianti Hotel REIT, Inc. (PRXA) filed an 8‑K on July 23, 2026 reporting that its board authorized cash distributions payable to holders of Class K common stock (K Shares), Class K‑I common stock (K‑I Shares), and certain Class K limited partnership units (Class K OP Units) of the operating partnership. The payments are to be made from legally available funds and are expected to be paid on or about August 4, 2026 to holders of record as of August 3, 2026.

Key Details

• Aggregate accruals for the quarter (April 1–June 30, 2026): K Shares = $671,513; K‑I Shares = $252,833.
• Per‑share/per‑unit accrual rate used: $0.001917808 per K Share, per K‑I Share, and per Class K OP Unit per day (reflects a 7% annual accrual under the charter).
• Aggregate accrual for Class K OP Units held by the affiliate sellers: $22,360. These OP unit distributions are for individuals tied to the seller of the Hilton Garden Inn property and affiliates of the sponsor/advisor.
• Payment timing: distributions payable in cash on or about August 4, 2026 to holders of record on August 3, 2026.

Why It Matters

• The board-approved distributions are a direct cash return to specified common shareholders and certain affiliate limited partners, calculated at the chartered 7% annual accrual rate. Investors should note the payment and record dates (Aug 3/4, 2026) and that these are funded from legally available funds. The filing does not change ongoing dividend policy beyond these authorized payments and does not disclose additional operational or earnings information.