DividendApr 28, 2026, 03:21 PM
PRXA Board Authorizes $935,986 in Distributions for Q1 2026
AI Summary
Procaccianti Hotel REIT, Inc. (PRXA) announced that its board of directors authorized the payment of distributions totaling $935,986. These distributions are for Class K common stock, Class K-I common stock, and Class K OP Units, covering the quarter ended March 31, 2026. The distributions reflect an accrual rate of 7% per annum for all share and unit classes.
Key Highlights
- Board authorized distributions for Class K common stock, Class K-I common stock, and Class K OP Units.
- K Share distributions totaled $665,355 for the quarter ended March 31, 2026.
- K-I Share distributions totaled $248,516 for the quarter ended March 31, 2026.
- Class K OP Unit distributions totaled $22,115 for the period through March 31, 2026.
- All distributions reflect an accrual rate of 7% per annum, or $0.001917808 per unit/share per day.
- The total aggregate distributions authorized amount to $935,986.
- Record date for common stock distributions was March 31, 2026.
Price Impact
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