N
exPoint Diversified Real Estate Trust (NYSE: NXDT) announced a quarterly distribution of $0.15 per common share, consisting of both cash and NXDT shares. The payout will be made on March 31, 2025, to shareholders recorded as of February 28, 2025.
The board has decided that the cash portion of the distribution will not exceed 20% in total, with the remaining amount paid out in NXDT shares. This approach allows NXDT to meet REIT qualification requirements while retaining capital and enhancing its financial flexibility.
Shareholders can elect to receive the entire distribution in cash or NXDT shares. If more than 20% of shareholders choose cash, the cash portion will be prorated. Those who don't make an election will receive the distribution entirely in NXDT shares. The number of shares issued will be based on the average trading price of NXDT's common shares from March 17 to 19, 2025.
An election notice and form will be mailed to shareholders after the record date. Completed forms must be received by Equiniti Trust Company before March 14, 2025, at 5:00 p.m. Eastern Time. Shareholders holding through a bank or broker should inform them of their election choice.
NXDT expects this dividend to be taxable for shareholders, regardless of whether they receive it in cash or shares. Shareholders are advised to consult with tax professionals for proper treatment. NXDT reserves the right to pay future dividends entirely in cash.
NexPoint Diversified Real Estate Trust is a publicly traded REIT focused on acquiring and managing opportunistic investments across various sectors in the United States. For more information, visit nxdt.nexpoint.com.
This press release contains forward-looking statements subject to risks and uncertainties. Statements regarding tax status, capital retention, and financial flexibility contain forward-looking statements. We caution investors that any forward-looking statements are based on management's current beliefs and assumptions.
