N
exPoint Diversified Real Estate Trust (NXDT) announced a quarterly distribution of $0.15 per common share, consisting of cash and NXDT shares. The distribution will be paid on December 31, 2024, to shareholders of record on November 15, 2024.

    The board of trustees has determined that the cash component will not exceed 20% in aggregate, with the balance payable in NXDT shares. This allows NXDT to comply with REIT qualification requirements while retaining capital and enhancing financial flexibility.

    Shareholders can elect to receive the distribution entirely in cash or entirely in NXDT shares. If more than 20% of shareholders elect for cash, the cash portion will be prorated. Shareholders who do not make an election will receive the distribution in NXDT shares. The number of shares issued will be calculated based on the volume-weighted average trading prices of NXDT's common shares from December 16-18, 2024.

    An election notice and form will be mailed to shareholders after the record date. Completed election forms must be received by Equiniti Trust Company prior to December 13, 2024. Shareholders holding through a bank or broker should inform them of their election.

    NXDT expects the dividend to be taxable regardless of whether it's received in cash or shares. Shareholders are advised to consult with tax advisers for proper treatment. NXDT reserves the right to pay future dividends entirely in cash.

    The board of trustees has also authorized the repurchase of up to $20 million of NXDT common shares and 5.50% Series A Cumulative Preferred Shares, replacing the previous share repurchase program that expired on October 24, 2024. The new authorization expires on October 28, 2026.

    NexPoint Diversified Real Estate Trust is an externally advised, publicly traded REIT focused on acquiring and developing opportunistic investments across multiple sectors in the United States.