Latest news with #NXDT
Yahoo
14-03-2025
- Business
- Yahoo
NexPoint Diversified Real Estate Trust Announces Record Date and Date of 2025 Annual Meeting of Shareholders
DALLAS, March 14, 2025 /PRNewswire/ -- NexPoint Diversified Real Estate Trust (NYSE: NXDT) ("NXDT") announced today that the record date for determining shareholders entitled to vote at the 2025 Annual Meeting of Shareholders (the "Annual Meeting") will be Monday, March 31, 2025. The Annual Meeting will be held on Tuesday, June 10, 2025, beginning at 10:30 a.m. Central Time. The Annual Meeting will be held exclusively through a virtual format. Shareholders will not be able to attend the Annual Meeting in person, however shareholders of record as of the close of business on March 31, 2025, will be able to vote and ask questions during the Annual Meeting through the online platform. Further information regarding the Annual Meeting, including instructions on how to access the Annual Meeting, will be set forth in the proxy statement and other proxy materials for the Annual Meeting (together, the "Proxy Materials"). Attendance at the Annual Meeting will be limited to shareholders of record and beneficial owners who provide proof of beneficial ownership as of the record date in the manner described in the Proxy Materials. About NexPoint Diversified Real Estate Trust (NYSE: NXDT) 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 CONTACTS Investor RelationsKristen GriffithIR@ Media RelationsComms@ View original content to download multimedia: SOURCE NexPoint Diversified Real Estate Trust Sign in to access your portfolio
Globe and Mail
21-02-2025
- Business
- Globe and Mail
NexPoint Hospitality Trust Announces Election of Trustees and Approval of Merger Transaction
DALLAS and TORONTO , Feb. 21, 2025 /CNW/ -- NexPoint Hospitality Trust (" NHT" or the " REIT") (TSX-V: NHT.U) today announced the results of its annual and special meeting of unitholders (the " Meeting"). All of the nominees listed in the management information circular (the " Circular") prepared in connection with the Meeting were elected as trustees. Detailed results of the vote for the election of trustees held at the Meeting are set out below: Resolutions were passed by a majority of minority votes represented at the Meeting authorizing and approving certain amendments to the convertible promissory notes issued by (i) NHT between September 2019 and June 2021 ; and (ii) CDOR Option Sub, LLC, on October 30, 2020 and December 22, 2020 . MNP LLP was also re-appointed as NHT's auditor to hold office until the next annual meeting of unitholders. At the Meeting, resolutions were also passed approving certain transactions (the " Transaction Resolution") contemplated in the Agreement and Plan of Merger dated November 22, 2024 (the " Merger Agreement") among, inter alia, NHT and NexPoint Diversified Real Estate Trust (" NXDT"), pursuant to which NHT will be dissolved and its subsidiary entities merged with and into entities owned or controlled, directly or indirectly, by NXDT (the " Transaction"). As previously announced, under the terms of the Merger Agreement, unitholders will receive for each trust unit (a " Unit"), either US$0.36 cash; or one (1) common share of NexPoint Hospitality Trust, Inc., which will subsequently be converted into the right to receive a number of common shares of NXDT. The Transaction Resolution, the full text of which is attached as Appendix "D" to the Circular, was passed with 100% of the votes cast in favour of the resolution, as well as 100% of the votes cast after excluding votes attached to Units beneficially owned or over which control or direction is exercised by James Dondero and his affiliated entities. The closing of the Transaction is subject to the satisfaction of customary closing conditions. A copy of the complete report on voting at the Meeting will be made available on NHT's profile on SEDAR+ at About NexPoint Hospitality Trust 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 the United States that offer a high current yield and in many cases are underperforming assets with the potential to increase in value through investments in capital improvements, a market-based recovery, brand repositioning, revenue enhancements, operational improvements, expense inefficiencies, and exploiting excess land or underutilized space. NHT owns 7 branded properties sponsored by Marriott, Hilton and Hyatt, located across the U.S. NHT is externally advised by NexPoint Real Estate Advisors VI, L.P. 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. Additional Information and Where to Find It In connection Transaction, NXDT has filed with the Securities and Exchange Commission (the " SEC") a registration statement on Form S-4 (the " Registration Statement") containing the Circular. The Registration Statement and Circular each contain important information about the NXDT, NHT, the Transaction and related matters. UNITHOLDERS OF NHT ARE URGED TO READ THE REGISTRATION STATEMENT AND CIRCULAR AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT NXDT, NHT, THE TRANSACTION, AND RELATED MATTERS. Investors and security holders will be able to obtain the documentation filed with the SEC free of charge at the SEC's website, Investors and security holders may also obtain these documents, free of charge from NXDT at or by emailing ir@ 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. In this news release, forward-looking information includes, among other things, statements relating to unitholder consideration pursuant to the Merger Agreement for the Transaction. The forward-looking information is based on certain key expectations and assumptions made by each of the REIT and NXDT, including with respect to the structure of the Transaction and all other statements that are not historical facts. The timing and completion of the Transaction is subject to customary closing conditions, termination rights and other risks and uncertainties including, without limitation, required regulatory and unitholder approvals. Although management of each of the REIT and NXDT believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that any transaction, including the Transaction, will occur or that it will occur on the timetable or on the terms and conditions contemplated in this news release. The Transaction could be modified, restructured or terminated. 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 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, 2023 , and subsequent 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. Contact: Investor Relations IR@ Media Inquiries Comms@ Jesse Blair III Executive Vice President, Head of Lodging (833) 697–7523 SOURCE NexPoint Hospitality Trust
Yahoo
21-02-2025
- Business
- Yahoo
NexPoint Hospitality Trust Announces Election of Trustees and Approval of Merger Transaction
DALLAS and TORONTO, Feb. 21, 2025 /CNW/ -- NexPoint Hospitality Trust ("NHT" or the "REIT") (TSX-V: NHT.U) today announced the results of its annual and special meeting of unitholders (the "Meeting"). All of the nominees listed in the management information circular (the "Circular") prepared in connection with the Meeting were elected as trustees. Detailed results of the vote for the election of trustees held at the Meeting are set out below: Nominee Votes For % Votes For Votes Withheld % Votes Withheld James Dondero 25,531,080 99.29 % 183,299 0.71 % Neil Labatte 25,714,379 100.00 % 0 0.00 % Graham Senst 25,714,379 100.00 % 0 0.00 % Jerry Patava 25,714,379 100.00 % 0 0.00 % Resolutions were passed by a majority of minority votes represented at the Meeting authorizing and approving certain amendments to the convertible promissory notes issued by (i) NHT between September 2019 and June 2021; and (ii) CDOR Option Sub, LLC, on October 30, 2020 and December 22, 2020. MNP LLP was also re-appointed as NHT's auditor to hold office until the next annual meeting of unitholders. At the Meeting, resolutions were also passed approving certain transactions (the "Transaction Resolution") contemplated in the Agreement and Plan of Merger dated November 22, 2024 (the "Merger Agreement") among, inter alia, NHT and NexPoint Diversified Real Estate Trust ("NXDT"), pursuant to which NHT will be dissolved and its subsidiary entities merged with and into entities owned or controlled, directly or indirectly, by NXDT (the "Transaction"). As previously announced, under the terms of the Merger Agreement, unitholders will receive for each trust unit (a "Unit"), either US$0.36 cash; or one (1) common share of NexPoint Hospitality Trust, Inc., which will subsequently be converted into the right to receive a number of common shares of NXDT. The Transaction Resolution, the full text of which is attached as Appendix "D" to the Circular, was passed with 100% of the votes cast in favour of the resolution, as well as 100% of the votes cast after excluding votes attached to Units beneficially owned or over which control or direction is exercised by James Dondero and his affiliated entities. The closing of the Transaction is subject to the satisfaction of customary closing conditions. A copy of the complete report on voting at the Meeting will be made available on NHT's profile on SEDAR+ at About NexPoint Hospitality Trust 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 the United States that offer a high current yield and in many cases are underperforming assets with the potential to increase in value through investments in capital improvements, a market-based recovery, brand repositioning, revenue enhancements, operational improvements, expense inefficiencies, and exploiting excess land or underutilized space. NHT owns 7 branded properties sponsored by Marriott, Hilton and Hyatt, located across the U.S. NHT is externally advised by NexPoint Real Estate Advisors VI, L.P. 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. Additional Information and Where to Find It In connection Transaction, NXDT has filed with the Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 (the "Registration Statement") containing the Circular. The Registration Statement and Circular each contain important information about the NXDT, NHT, the Transaction and related matters. UNITHOLDERS OF NHT ARE URGED TO READ THE REGISTRATION STATEMENT AND CIRCULAR AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT NXDT, NHT, THE TRANSACTION, AND RELATED MATTERS. Investors and security holders will be able to obtain the documentation filed with the SEC free of charge at the SEC's website, Investors and security holders may also obtain these documents, free of charge from NXDT at or by emailing ir@ 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. In this news release, forward-looking information includes, among other things, statements relating to unitholder consideration pursuant to the Merger Agreement for the Transaction. The forward-looking information is based on certain key expectations and assumptions made by each of the REIT and NXDT, including with respect to the structure of the Transaction and all other statements that are not historical facts. The timing and completion of the Transaction is subject to customary closing conditions, termination rights and other risks and uncertainties including, without limitation, required regulatory and unitholder approvals. Although management of each of the REIT and NXDT believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that any transaction, including the Transaction, will occur or that it will occur on the timetable or on the terms and conditions contemplated in this news release. The Transaction could be modified, restructured or terminated. 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 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, 2023, and subsequent 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. Contact: Investor RelationsIR@ Media InquiriesComms@ Jesse Blair IIIExecutive Vice President, Head of Lodging(833) 697–7523 SOURCE NexPoint Hospitality Trust View original content to download multimedia:
Yahoo
07-02-2025
- Business
- Yahoo
NexPoint Diversified Real Estate Trust Announces 2024 Dividend Income Tax Treatment
DALLAS, Feb. 7, 2025 /PRNewswire/ -- NexPoint Diversified Real Estate Trust ("NXDT") (NYSE: NXDT) announced today the final income allocations of the Company's 2024 dividend distributions on its common shares and preferred shares. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table: Common Shares (CUSIP # 65340G205) Ex Dividend Date Record Date Payable Date DistributionPer Share Taxable Ordinary Income Per Share Taxable Capital Gain Distr. Per Share Return of Capital Per Share Section 199A DividendsPer Share Qualified Dividend IncomePer Share 2/15/2024 2/16/2024 3/28/2024 $0.15000 $0.00000 $0.00000 $0.15000 $0.00000 $0.00000 5/14/2024 5/15/2024 6/28/2024 $0.15000 $0.00000 $0.00000 $0.15000 $0.00000 $0.00000 8/15/2024 8/15/2024 9/30/2024 $0.15000 $0.00000 $0.00000 $0.15000 $0.00000 $0.00000 11/15/2024 11/15/2024 12/31/2024 $0.15000 $0.00000 $0.00000 $0.15000 $0.00000 $0.00000 Totals $0.60000 $0.00000 $0.00000 $0.60000 $0.00000 $0.00000 100.00 % 0.00 % 0.00 % 100.00 % Preferred Shares (CUSIP # 65340G304) Ex Dividend Date Record Date Payable Date Distribution Per Share Taxable Ordinary Income Per Share Capital Gain Distributions Per Share Return of Capital Per Share Section 199A DividendsPer Share Qualified Dividend IncomePer Share 12/21/2023 12/22/2023 1/2/2024 $0.34375 $0.00000 $0.00000 $0.34375 $0.00000 $0.00000 3/22/2024 3/25/2024 4/1/2024 $0.34375 $0.00000 $0.00000 $0.34375 $0.00000 $0.00000 6/24/2024 6/24/2024 7/1/2024 $0.34375 $0.00000 $0.00000 $0.34375 $0.00000 $0.00000 9/23/2024 9/23/2024 9/30/2024 $0.34375 $0.00000 $0.00000 $0.34375 $0.00000 $0.00000 12/23/2024 12/23/2024 12/31/2024 $0.34375 $0.00000 $0.00000 $0.34375 $0.00000 $0.00000 Totals $1.71875 $0.00000 $0.00000 $1.71875 $0.00000 $0.00000 100.00 % 0.00 % 0.00 % 100.00 % 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 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 CONTACTSInvestor RelationsKristen GriffithIR@ Media RelationsComms@ View original content to download multimedia: SOURCE NexPoint Diversified Real Estate Trust Sign in to access your portfolio
Yahoo
30-01-2025
- Business
- Yahoo
NexPoint Diversified Real Estate Trust Launches $400 Million Continuous Offering of 9.00% Series B Cumulative Redeemable Preferred Shares
DALLAS, Jan. 30, 2025 /PRNewswire/ -- NexPoint Diversified Real Estate Trust (NYSE: NXDT) ("NXDT" or the "Company") announced today the launch of a continuous public offering of up to 16,000,000 shares of its newly designated 9.00% Series B Cumulative Redeemable Preferred Shares (the "Series B Preferred Shares") at a price to the public of $25.00 per share, for gross proceeds of $400 million. NXDT is a diversified real estate investment trust (REIT) that is 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. The Company intends to use the net proceeds to fund investment opportunities within these core sectors and for general corporate purposes The Series B Preferred Shares are being offered by NexPoint Securities, Inc., an affiliate of the Company that is serving as the Company's dealer manager, on a "reasonable best efforts" basis. The Company expects that the offering will terminate on the earlier of the date the Company sells all 16,000,000 of the Series B Preferred Shares in the offering or August 1, 2027 (which is the third anniversary of the effective date of the Company's registration statement), which may be extended by the Company's board of trustees in its sole discretion. The board of trustees may elect to terminate this offering at any time. The offering is being conducted as a public offering under the Company's effective shelf registration statement, filed with the SEC (File No. 333-280954), which became effective on August 1, 2024. There is no public market for the Series B Preferred Shares and the Company does not intend to apply for a listing of the Series B Preferred Shares on any national securities exchange. To obtain a copy of the final prospectus supplement and the related base prospectus for this offering, please contact by mail, telephone or email: NexPoint Securities, Inc., member FINRA/SIPC, 200 Crescent Court, Suite 700, Dallas, Texas, 75201, Attn: Investor Relations, telephone: (833) 697-7253, or email: ir@ You may also get these documents for free by visiting EDGAR on the SEC's website at This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About NexPoint Diversified Real Estate Trust NexPoint Diversified Real Estate Trust is an externally advised, publicly traded, diversified 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 About NexPointNexPoint is a multibillion-dollar alternative investment firm based in Dallas, Texas. The firm is structured around three major business areas: real estate, corporate credit and equities, and insurance solutions. NexPoint's businesses span asset classes, industries, and strategies, providing the flexibility to invest across capital structures and market environments. Serving a diverse client base, NexPoint's investment strategies are offered in a range of vehicles and fund structures, including mutual funds, public and private REITs, tax-advantaged vehicles, private funds, and separate accounts. For more information, visit Forward-Looking and Cautionary Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the termination of the offering, the Company's intent not to list the Series B Preferred Shares and other statements identified by words such as "expect," "intend," the negative version of these words and similar expressions that do not relate solely to historical matters. Forward-looking statements are based on NXDT's current expectations and assumptions regarding capital market conditions, NXDT's business, the economy and other future conditions. Forward-looking statements are subject to risks, uncertainties and assumptions and may be affected by known and unknown risks, trends, uncertainties and factors that are beyond NXDT's control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Important factors that could cause actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions, and those described in greater detail in our filings with the Securities and Exchange Commission, particularly those described in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers should not place undue reliance on any forward-looking statements and are encouraged to review the Company's Annual Report on Form 10-K and the Company's other filings with the SEC for a more complete discussion of risks and other factors that could affect any forward-looking statement. Any forward-looking statement made in this press release speaks only as of the date on which it is made. NXDT undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. CONTACTS: Investor RelationsKristen (Thomas) GriffithIR@ Media Relationscomms@ View original content to download multimedia: SOURCE NexPoint Diversified Real Estate Trust Sign in to access your portfolio
