NexPoint Residential Trust Announces 2020 Dividend Income Tax Treatment

Rhea-AI Summary

NexPoint Residential Trust (NYSE: NXRT) has announced its final income allocations for the 2020 dividend distributions on common stock, totaling $1.2787 per share. Key dates include the ex-dividend date on 12/14/2020, record date on 12/15/2020, and payable date on 12/31/2020. The dividend distribution consists of $0.3413 per share, with $0.0675 classified as taxable ordinary income. The company advises shareholders to consult tax advisors regarding the implications of these dividends.

Positive

• Total dividend distribution of $1.2787 per share for 2020.
• The company continues to provide regular dividends, indicating sustained income for shareholders.

Negative

• None.

DALLAS, Feb. 4, 2021 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) (the "Company") announced today the final income allocations of the Company's 2020 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table:

Common Shares (CUSIP #65341D102) 

Ex-Dividend Date	Record Date	Payable Date	Distribution per Share	Taxable Ordinary Income Per Share	Return of Capital Per Share	Section 199A Dividends Per Share
3/13/2020	3/16/2020	3/31/2020	$0.3125	$0.0618	$0.2507	$0.0618
6/12/2020	6/15/2020	6/30/2020	0.3125	0.0618	0.2507	0.0618
9/14/2020	9/15/2020	9/30/2020	0.3125	0.0618	0.2507	0.0618
12/14/2020	12/15/2020	12/31/2020	0.3413	0.0675	0.2738	0.0675
		Totals	$1.2787	$0.2529	$1.02529	$0.2529
			100%	19.78%	80.22%

Components may not sum to the totals due to rounding differences. The information above presents final income allocations.

The Company encourages shareholders to consult with their own tax advisors with respect to the federal, state, and local income tax effects of these dividends.

About NexPoint Residential Trust 
NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States. NXRT is externally advised by NexPoint Real Estate Advisors, L.P., an affiliate of NexPoint Advisors, L.P., an SEC-registered investment advisor, which has extensive real estate experience.

Contact:
Jackie Graham
Investor Relations
972-628-4024
jgraham@nexpointadvisors.com

View original content:http://www.prnewswire.com/news-releases/nexpoint-residential-trust-announces-2020-dividend-income-tax-treatment-301221859.html

SOURCE NexPoint Residential Trust, Inc.

FAQ

What is the total dividend distribution for NexPoint Residential Trust in 2020?

The total dividend distribution for NexPoint Residential Trust in 2020 is $1.2787 per share.

When is the ex-dividend date for NXRT's 2020 dividends?

The ex-dividend date for NXRT's 2020 dividends was on 12/14/2020.

What was the taxable ordinary income per share for NXRT's 2020 dividend?

The taxable ordinary income per share for NXRT's 2020 dividend was $0.0675.

What should shareholders consider regarding NXRT's dividends?

Shareholders should consult their tax advisors for the federal, state, and local income tax effects of these dividends.