Procaccianti Hotel REIT Approves $2.39M in Distributions
The move clears nearly nine years of unpaid dividends, signaling financial stability for the hospitality REIT.
July 29, 2025
Procaccianti Hotel REIT to Distribute Full Accrued Dividends on Class A Shares
Nearly nine years of unpaid dividends are about to be settled. Procaccianti Hotel REIT, Inc. has authorized a full payout of $2.39 million in accumulated distributions to holders of its Class A common stock. This decision, announced in a July 28, 2025 filing, covers all outstanding dividend accruals through June 30, 2024.
The numbers break down in two phases:
- $683,000 accrued from September 29, 2016 through March 30, 2020 at a 6% annual rate
- $1.7 million accrued from April 1, 2020 through June 30, 2024 at a 7% annual rate
Both accrual periods are based on the company’s defined “A Share Distribution Base” and apply to all Class A shares outstanding as of June 30, 2024.
The payout is scheduled for on or around August 1, 2025, drawn from legally available funds. With this move, the company is clearing the decks. Shareholders will receive the full amount owed, subject to customary adjustments.
The filing was signed by Chief Financial Officer Gregory Vickowski. While the announcement does not include forward-looking statements or strategic updates, it offers a clear update on the company's dividend status.
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