NexPoint Diversified Real Estate Trust Announces Preferred Stock Dividend

Rhea-AI Summary

NexPoint Diversified Real Estate Trust (NYSE: NXDT) announced a dividend of $0.34375 per share for its 5.50% Series A Cumulative Preferred Shares, payable on September 30, 2022. Shareholders of record by the close of business on September 23, 2022 will receive this payment. The Series A Preferred Shares were initially offered on January 8, 2021, and are rated BBB- by Egan-Jones Ratings Company. The dividends are cumulative from the issue date, reflecting a consistent return for investors.

Positive

• Dividend of $0.34375 per share for Series A Preferred Shares improves income for shareholders.
• Investment grade rating of BBB- by Egan-Jones enhances trustworthiness and confidence in the company.

Negative

• None.

DALLAS, Sept. 23, 2022 /PRNewswire/ -- NexPoint Diversified Real Estate Trust (NYSE: NXDT) ("NXDT" or the "Company") today announced a dividend for its 5.50% Series A Cumulative Preferred Shares (NYSE: NXDT PR A) ("Preferred Shares") of $0.34375 per share. The dividend will be payable on September 30, 2022, to Preferred shareholders of record at the close of business September 23, 2022.

The Company previously announced the pricing of the Preferred Shares offering on January 8, 2021 under the Company's prior name, NexPoint Strategic Opportunities Fund or NHF. The Preferred Shares were issued on January 8, 2021 (the "Issuance Date") and commenced trading on January 8, 2021. The initial dividend accumulated from the Issuance Date.

Egan-Jones Ratings Company assigned an investment grade corporate rating of BBB- to the Series A Preferred Shares. Dividends and distributions on the Series A Preferred Shares are cumulative from their original issue date at the annual rate of 5.50% of the $25.00 per share liquidation preference.

About NexPoint Diversified Real Estate Trust

NexPoint Diversified Real Estate Trust is an externally advised, publicly traded, diversified real estate investment trust (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.

Contacts

Jackie Graham
Director, Investor Relations
jgraham@nexpoint.com

Lucy Bannon
Chief Communications Officer
lbannon@nexpoint.com

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SOURCE NexPoint Diversified Real Estate Trust

FAQ

What is the dividend amount for NXDT's Series A Preferred Shares?

The dividend amount is $0.34375 per share.

When is the dividend for NXDT's Preferred Shares payable?

The dividend will be payable on September 30, 2022.

What is the record date for NXDT's dividend payment?

The record date for the dividend payment is September 23, 2022.

What is the annual dividend rate for NXDT's Preferred Shares?

The annual dividend rate is 5.50% based on a liquidation preference of $25.00 per share.

What rating did Egan-Jones assign to NXDT's Preferred Shares?

Egan-Jones assigned a BBB- investment grade corporate rating to NXDT's Series A Preferred Shares.