NexPoint Hospitality Trust and NexPoint Diversified Real Estate Trust Announce Expected Closing Date for Going Private Transaction
NexPoint Hospitality Trust (TSX-V: NHT.U) and NexPoint Diversified Real Estate Trust (NYSE: NXDT) have announced the expected closing date for their previously announced going private transaction. The transaction, which involves the dissolution of NHT and the merger of its subsidiary entities with NXDT-controlled entities, is scheduled to close on April 17, 2025.
Following the transaction completion, NHT's trust units are expected to be delisted from the TSX Venture Exchange at the close of trading on April 22, 2025. The closing remains subject to satisfaction of customary closing conditions.
NexPoint Hospitality Trust (TSX-V: NHT.U) e NexPoint Diversified Real Estate Trust (NYSE: NXDT) hanno annunciato la data prevista per il completamento della loro operazione di privatizzazione precedentemente comunicata. L'operazione, che prevede lo scioglimento di NHT e la fusione delle sue società controllate con entità controllate da NXDT, è programmata per il 17 aprile 2025.
Al termine dell'operazione, si prevede che le unità di trust di NHT vengano rimosse dalla quotazione presso la TSX Venture Exchange alla chiusura delle contrattazioni del 22 aprile 2025. Il completamento è comunque subordinato al soddisfacimento delle consuete condizioni di chiusura.
NexPoint Hospitality Trust (TSX-V: NHT.U) y NexPoint Diversified Real Estate Trust (NYSE: NXDT) han anunciado la fecha prevista para el cierre de su transacción de privatización previamente anunciada. La operación, que implica la disolución de NHT y la fusión de sus entidades subsidiarias con entidades controladas por NXDT, está programada para el 17 de abril de 2025.
Tras la finalización de la transacción, se espera que las unidades fiduciarias de NHT sean retiradas de la Bolsa TSX Venture al cierre de la negociación del 22 de abril de 2025. El cierre está sujeto al cumplimiento de las condiciones habituales de cierre.
NexPoint Hospitality Trust (TSX-V: NHT.U)와 NexPoint Diversified Real Estate Trust (NYSE: NXDT)는 이전에 발표된 비상장 전환 거래의 예상 마감일을 발표했습니다. 이 거래는 NHT의 해산과 그 자회사들이 NXDT가 통제하는 법인과 합병되는 것을 포함하며, 2025년 4월 17일에 마감될 예정입니다.
거래 완료 후, NHT의 신탁 단위는 2025년 4월 22일 거래 종료 시점에 TSX 벤처 거래소에서 상장 폐지될 예정입니다. 마감은 통상적인 마감 조건 충족 여부에 따라 결정됩니다.
NexPoint Hospitality Trust (TSX-V : NHT.U) et NexPoint Diversified Real Estate Trust (NYSE : NXDT) ont annoncé la date prévue de clôture de leur opération de privatisation précédemment annoncée. Cette opération, qui implique la dissolution de NHT et la fusion de ses filiales avec des entités contrôlées par NXDT, est prévue pour le 17 avril 2025.
Après la finalisation de la transaction, les unités de fiducie de NHT devraient être radiées de la TSX Venture Exchange à la clôture des marchés le 22 avril 2025. La clôture reste soumise à la satisfaction des conditions habituelles de clôture.
NexPoint Hospitality Trust (TSX-V: NHT.U) und NexPoint Diversified Real Estate Trust (NYSE: NXDT) haben das voraussichtliche Abschlussdatum ihrer zuvor angekündigten Privatisierungstransaktion bekannt gegeben. Die Transaktion, die die Auflösung von NHT und die Fusion seiner Tochtergesellschaften mit von NXDT kontrollierten Einheiten umfasst, soll am 17. April 2025 abgeschlossen werden.
Nach Abschluss der Transaktion werden die Trust-Einheiten von NHT voraussichtlich am Handelsschluss des 22. April 2025 von der TSX Venture Exchange delistet. Der Abschluss steht unter dem Vorbehalt der Erfüllung der üblichen Abschlussbedingungen.
- None.
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The Transaction is expected to close on April 17, 2025, subject to satisfaction of customary closing conditions and the REIT's trust units are expected to be delisted from the TSX Venture Exchange at the close of trading on April 22, 2025.
For more information on the Transaction, please see the joint news releases issued by the REIT and NXDT on November 25, 2024, December 23, 2024 and February 14, 2024, along with the REIT's management information circular prepared in connection with the Transaction, all of which are available on SEDAR+ at www.sedarplus.ca.
About NHT
NexPoint Hospitality Trust is a publicly traded real estate investment trust, with its Units listed on the TSX Venture Exchange under the ticker NHT.U. NHT is focused on acquiring, owning and operating well-located real estate assets including, but not limited to, investments in life science and semiconductor manufacturing properties, but mainly focusing on hospitality properties in
About NXDT
NexPoint Diversified Real Estate Trust (NYSE: NXDT) is an externally advised, publicly traded, diversified REIT focused on the acquisition, development, and management of opportunistic and value-add investments throughout
Forward Looking Information
This news release includes forward-looking information within the meaning of applicable Canadian securities laws and within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expectations, assumptions and beliefs. In some cases, forward-looking information can be identified by the use of words such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", and by discussions of strategies that involve risks and uncertainties, certain of which are beyond the REIT's and NXDT's control. The expected closing date for the Transaction and delisting of the REIT's units constitutes forward looking information and is subject to a number of risks including that all required closing conditions are not satisfied on the timeline currently expected. Readers are cautioned not to place undue reliance on forward-looking information. Additional information on these and other factors that could affect the REIT are included in reports on file with Canadian securities regulatory authorities and may be accessed on the SEDAR+ website at www.sedarplus.ca. Additional factors that may affect NXDT's business or financial results are described in the risk factors included in NXDT's filings with the Securities and Exchange Commission (the "SEC"), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
By its nature, such forward-looking information necessarily involves known and unknown risks and uncertainties that may cause actual results, performance, prospects and opportunities in future periods of the REIT and NXDT to differ materially from those expressed or implied by such forward-looking statements. Furthermore, the forward-looking statements contained in this news release are made as of the date of this news release and neither the REIT, nor NXDT, nor any other person assumes responsibility for the accuracy and completeness of any forward-looking information, and no one has any obligation to update or revise any forward-looking information, whether as a result of new information, future events or such other factors which affect this information, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Investor Relations
IR@nexpoint.com
Media Inquiries
Comms@nexpoint.com
Jesse Blair III
Executive Vice President, Head of Lodging
(833) 697–7523
1 In this release, "we," "us" "our," "NHT," and the "REIT," each refer to NexPoint Hospitality Trust.
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SOURCE NexPoint Diversified Real Estate Trust
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