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