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NexPoint Strategic Opportunities Fund (NYSE: NHF) has announced a monthly distribution of $0.05 per share, payable on June 30, 2021, to shareholders of record by June 23, 2021. The fund is in the process of converting to a diversified REIT, following shareholder approval obtained on August 28, 2020. NHF has filed for a Deregistration Order with the SEC to redefine its status and align its portfolio for REIT tax qualification. However, the conversion process may take up to 24 months and is subject to various regulatory approvals.
NexPoint Strategic Opportunities Fund (NHF) has extended its offer to purchase shares of United Development Funding IV (UDFI) at $1.10 per share, with the new deadline set for June 11, 2021. The offer is subject to specific conditions, including the absence of any legal challenges against the acquisition and the necessary governmental approvals. UDFI recently altered its bylaws to restrict shareholder ownership and limit legal actions, which NHF is currently reviewing. Shareholders are advised to carefully review the Tender Offer Documents available through the information agent.
NexPoint Strategic Opportunities Fund (NYSE: NHF) announced a monthly distribution of $0.05 per share, payable on May 28, 2021, to shareholders on record by May 21, 2021. The fund is in the process of converting into a diversified REIT, a proposal approved by shareholders in August 2020. As of March 31, 2021, NHF has filed an application with the SEC for a Deregistration Order, ceasing to operate as an investment company. While the REIT conversion is underway, it is contingent upon regulatory approvals and market conditions. Investors should evaluate the associated risks.
NexPoint Strategic Opportunities Fund (NYSE:NHF) has extended the offering period for its previously announced tender offer to purchase Shares of Beneficial Interest in United Development Funding IV (UDFI) at $1.10 per share. The new expiration date is May 14, 2021. The Offer remains contingent on various conditions including legal approvals and ownership limit waivers by UDFI's Board of Trustees. UDFI has recently reduced the ownership limit from 9.8% to 5.0% to counteract the tender offer. Shareholders are encouraged to review the Offer documents for detailed information.
NexPoint Strategic Opportunities Fund (NYSE: NHF) has announced a monthly distribution of $0.05 per common share, payable on April 30, 2021, to shareholders of record by April 23, 2021. The company is in the process of transitioning to a diversified REIT, following shareholder approval in August 2020. On March 31, 2021, NHF filed with the SEC for a Deregistration Order to cease operating as an investment company. The transition is subject to regulatory approval and market conditions, with potential risks impacting financial performance still under consideration.
NexPoint Strategic Opportunities Fund (NYSE:NHF) announced an extension to its tender offer for shares of United Development Funding IV (UDFI) at $1.10 per share, now expiring on April 13, 2021. The offer is contingent upon various conditions including legal approvals and the opportunity for due diligence on UDFI’s financials. UDFI previously reduced ownership limits to thwart the offer, prompting NHF to assess these legal actions. Shareholders are encouraged to review the tender offer documents for critical information.
The NexPoint Strategic Opportunities Fund (NYSE: NHF) has declared a pro-rated dividend of $0.3244382022 per share for its 5.50% Series A Cumulative Preferred Shares, payable on March 31, 2021. Shareholders of record by March 24, 2021 are eligible. This series of preferred shares, issued on January 8, 2021, will have quarterly dividends going forward. Egan-Jones Ratings Company has assigned a rating of BBB- to these shares, which feature cumulative dividends from their issuance date at an annual rate of 5.5%.
The NexPoint Strategic Opportunities Fund (NHF) announced a monthly distribution of $0.05 per share payable on March 31, 2021. Shareholders of record will be eligible if they hold shares before the close of business on March 24, 2021. NHF is transitioning to a diversified REIT, following shareholder approval on August 28, 2020. The company aims to complete its conversion by the first quarter of 2021, pending regulatory approval. While the company is committed to this process, challenges such as COVID-19 and market volatility may prolong the transition.
NexPoint Strategic Opportunities Fund (NYSE: NHF) has extended its offer to purchase all Shares of Beneficial Interest of United Development Funding IV (UDFI) at $1.10 per share. The new expiry is March 15, 2021. This extension follows UDFI's recent bylaws changes, limiting shareholder ownership to 5%. The offer's execution depends on various conditions, including legal approvals and due diligence. As it transitions to a diversified REIT, NHF aims for tax qualification by Q1 2021, with plans to cease being an investment company.
NexPoint Strategic Opportunities Fund (NYSE: NHF) has announced a regular monthly distribution of $0.05 per share, payable on February 26, 2021 to shareholders of record by February 19, 2021. The fund is transitioning to a diversified REIT, following shareholder approval on August 28, 2020. The company expects to qualify as a REIT by the first quarter of 2021 and seek SEC deregistration as an investment company in the first half of 2021, contingent on portfolio adjustments and regulatory approvals.
