NexPoint Diversified Real Estate Trust Declares Regular Monthly Distribution

Rhea-AI Summary

NexPoint Diversified Real Estate Trust (NYSE: NXDT) announced a regular monthly distribution of $0.05 per share, payable on August 1, 2022, to shareholders of record by the close of business on July 22, 2022. This marks a significant step in the Company's transition from a closed-end investment company to a diversified real estate investment trust (REIT), a change finalized with a SEC deregistration order on July 1, 2022. NXDT now trades under its new ticker symbol, reflecting its diversified investment strategy.

Positive

• Declared a regular monthly distribution of $0.05 per share.
• Transitioned to a diversified REIT, allowing for broader investment strategies.
• SEC deregistration completed on July 1, 2022, finalizing REIT status.

Negative

• None.

DALLAS, July 6, 2022 /PRNewswire/ -- NexPoint Diversified Real Estate Trust (NYSE: NXDT) ("NXDT" or the "Company") today announced its regular monthly distribution on its common stock of $0.05 per share. The distribution will be payable on August 1, 2022 to shareholders of record at the close of business July 22, 2022.

About NexPoint Diversified Real Estate Trust (NYSE:NXDT)

NexPoint Diversified Real Estate Trust (NYSE: NXDT) is a publicly traded diversified real estate investment trust ("REIT") that trades on the New York Stock Exchange under the ticker symbol NXDT. The Company previously operated as a registered closed-end investment company. On August 28, 2020, shareholders approved a proposal to transition the Company from an investment company to a diversified REIT. As part of this transition, the Company changed its name from NexPoint Strategic Opportunities Fund to NexPoint Diversified Real Estate Trust, effective November 8, 2021. The Company also changed its ticker symbol from "NHF" to "NXDT." On July 1, 2022, the Securities and Exchange Commission (the "SEC") issued a deregistration order declaring that the Company has ceased to be an investment company and that the Company's registration as an investment company under the Investment Company Act of 1940 shall immediately cease to be in effect. The order, effective July 1, 2022, allowed the Company to finalize its transition to a diversified REIT and begin trading as a REIT. For more information visit nxdt.nexpoint.com.

About NexPoint Advisors, L.P.

NexPoint Advisors, L.P. is an SEC-registered adviser on the NexPoint alternative investment platform. With its affiliates, it serves as the adviser to a suite of funds and investment vehicles that primarily focus on real estate investments. For more information visit nexpoint.com.

Contacts

Jackie Graham
Director, Investor Relations
jgraham@nexpoint.com

Lucy Bannon
Chief Communications Officer
lbannon@nexpoint.com

View original content:https://www.prnewswire.com/news-releases/nexpoint-diversified-real-estate-trust-declares-regular-monthly-distribution-301581904.html

SOURCE NexPoint Diversified Real Estate Trust

FAQ

What is the latest distribution amount declared by NexPoint Diversified Real Estate Trust (NXDT)?

NexPoint Diversified Real Estate Trust (NXDT) declared a monthly distribution of $0.05 per share.

When will the monthly distribution for NXDT be payable?

The distribution will be payable on August 1, 2022.

What is the record date for NXDT's distribution?

The record date for the distribution is July 22, 2022.

When did NXDT transition to a diversified REIT?

The transition to a diversified REIT was finalized with a SEC deregistration order on July 1, 2022.

What was the former ticker symbol of NexPoint before it became NXDT?

The former ticker symbol was NHF before it changed to NXDT.