NexPoint Diversified Real Estate Trust Announces Quarterly Distribution

DALLAS, July 27, 2023 /PRNewswire/ — NexPoint Diversified Real Estate Trust (“NXDT”) (NYSE: NXDT) announced today that its board of trustees has declared a quarterly distribution of $0.15 per common share of NXDT, consisting of a combination of cash and common shares of NXDT. The distribution will be payable on September 29, 2023, to shareholders of record on August 15, 2023.

The board of trustees has determined that the cash component of the distribution (other than cash paid in lieu of fractional shares) will not exceed 20% in the aggregate, with the balance payable in common shares of NXDT. This will allow NXDT to comply with the real estate investment trust (“REIT”) qualification requirements under the Internal Revenue Code, while retaining capital and enhancing NXDT’s financial flexibility.

In accordance with the provisions of IRS Revenue Procedure 2017-45, shareholders will be asked to make an election to receive the distribution all in cash or all in shares. To the extent that more than 20% of cash is elected in the aggregate, the cash portion will be prorated. Shareholders who elect to receive the distribution in cash will receive at least 20% of the distribution in cash. Shareholders who do not make an election will receive the distribution entirely in common shares of NXDT. The number of shares issued as a result of the distribution will be calculated based on the volume weighted average trading prices of NXDT’s common shares on the New York Stock Exchange on September 18, 19 and 20, 2023.

An election notice and election form will be mailed to shareholders of record after the record date. The properly completed election form to receive cash or common shares must be received by Equiniti Trust Company, NXDT’s transfer agent, prior to 5:00 p.m. Eastern Time on September 15, 2023.

Shareholders who hold their shares through a bank or broker should inform the bank or broker of their election. NXDT expects the dividend to be a taxable dividend to shareholders, regardless of whether a particular shareholder receives the dividend in the form of cash or shares. Shareholders are urged to consult with their tax advisers for proper tax treatment of NXDT’s distributions. NXDT reserves the right to pay future dividends entirely in cash.

About NexPoint Diversified Real Estate Trust (NYSE: NXDT)

NexPoint Diversified Real Estate Trust is an externally advised, publicly traded, diversified REIT focused on the acquisition, development, and management of opportunistic and value-add investments throughout the United States across multiple sectors where NexPoint and its affiliates have operational expertise. NXDT is externally advised by NexPoint Real Estate Advisors X, L.P. For more information, please visit nxdt.nexpoint.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. In particular, statements relating to the tax status of the distribution, and NXDT’s capital retention and financial flexibility contain forward-looking statements. We caution investors that any forward-looking statements presented in this press release are based on management’s current beliefs and assumptions made by, and information currently available to, management. When used, the words “will,” “retain,” “expect” and “enhance,” the negative version of these words and similar expressions that do not relate solely to historical matters are intended to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions.

Forward-looking statements are subject to risks, uncertainties and assumptions and may be affected by known and unknown risks, trends, uncertainties and factors that are beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. We caution you therefore against relying on any of these forward-looking statements.

CONTACTS

Investor Relations
Kristen Thomas
[email protected]

Media Relations
Prosek Partners for NexPoint
[email protected]

SOURCE NexPoint Diversified Real Estate Trust

Originally published at https://www.prnewswire.com/news-releases/nexpoint-diversified-real-estate-trust-announces-quarterly-distribution-301887169.html

business banners

Latest posts

Zafir Rashid unveils $1.5B vision for Orlando destination

SpongeBob themed signature suite at Everest Place, Orlando. A new $1.5 billion master-planned district is taking shape in Orlando, led by...

2025 Summer Reading Challenge

Take the Miami-Dade Public Library System’s 2025 Summer Reading Challenge and color your summer with stories. Thanks to the amazing response, the challenge has...

From Krill Oil to Salmon Oil: NYO3’s New Omega Breakthrough Sets a Bold Industry Benchmark in Anti-Aging Innovation

OSLO, NORWAY, May 26, 2025 /EINPresswire.com/ -- On May 21, 2025, Norwegian premium nutrition brand NYO3 officially unveiled its much-anticipated...

Palm Beach County Single-Family Home Mid-Market Sales Climb

MIAMI — Palm Beach County $400K to $600K single-family home sales increase year-over-year in April 2025, according to statistics released by the MIAMI Association...

Saniflow Corp. Unveils New Black Chrome Finish for its Innovative All-In-One Faucet System

All-In-One Completely Integrated Faucet System All-In-One All-In-One Up Close Soap, Water, and Air Saniflow Corp. is proud to announce the addition of a new...
celebrity reality tv