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exPoint Hospitality Trust and NexPoint Diversified Real Estate Trust Announce Closing of Transaction

    NexPoint Hospitality Trust (the "REIT") and NexPoint Diversified Real Estate Trust (NYSE: NXDT) today announced the completion of their previously announced transaction, which involved the dissolution of the REIT and its subsidiary entities merging with entities owned or controlled by NXDT.

    Under the terms of the transaction, unitholders had the option to receive US$0.36 in cash or one common share of NHT Hospitality, Inc., which was later converted into a number of NXDT common shares based on the volume-weighted average price of NXDT common shares traded on the New York Stock Exchange over the 10 trading days prior to closing. Unitholders who did not make an election received NXDT common shares in exchange for their units.

    With the transaction complete, the REIT's units will cease trading on the TSX Venture Exchange and be delisted at the close of trading on April 22, 2025.

    For more information on the transaction, please refer to the joint news releases issued by the REIT and NXDT on November 25, 2024, February 14, 2025, and April 15, 2025, as well as the REIT's management information circular prepared in connection with the transaction.

    About NexPoint Diversified Real Estate Trust

    NexPoint Diversified Real Estate Trust (NYSE: NXDT) is a publicly traded, diversified real estate investment trust focused on acquiring, developing, and managing opportunistic and value-add investments across multiple sectors throughout the United States. The company is externally advised by NexPoint Real Estate Advisors X, L.P.

    Forward-Looking Information

    This news release includes forward-looking information that is subject to risks and uncertainties. Readers are cautioned not to place undue reliance on this information. Additional factors that may affect the REIT's or NXDT's business or financial results can be found in their respective filings with regulatory authorities.