NexPoint Diversified Real Estate Trust Announces 2023 Dividend Income Tax Treatment

DALLAS, Feb. 27, 2024 /PRNewswire/ -- NexPoint Diversified Real Estate Trust ("NXDT") (NYSE: NXDT) announced today the final income allocations of the Company's 2023 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, NYSE Ticker: NXDT)

Ex Dividend Date	Record Date	Payable Date	Distribution Per Share	Taxable Ordinary Income Per Share	Taxable Capital Gain Distr. Per Share	Return of Capital Per Share	Section 199A Dividends Per Share	Qualified Dividend Income Per Share
3/14/2023	3/15/2023	3/31/2023	$0.15000	$0.00000	$0.00000	$0.15000	$0.00000	$0.00000
6/14/2023	6/15/2023	6/30/2023	$0.15000	$0.00000	$0.00000	$0.15000	$0.00000	$0.00000
8/14/2023	8/15/2023	9/29/2023	$0.15000	$0.00000	$0.00000	$0.15000	$0.00000	$0.00000
11/16/2023	11/17/2023	12/29/2023	$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), NYSE Ticker: NXDT PRA)¹

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 Dividends Per Share	Qualified Dividend Income Per Share
12/22/2022	12/23/2022	1/3/2023	$0.34375	$0.00000	$0.00000	$0.34375	$0.00000	$0.00000
3/23/2023	3/24/2023	3/31/2023	$0.34375	$0.00000	$0.00000	$0.34375	$0.00000	$0.00000
6/22/2023	6/23/2023	6/30/2023	$0.34375	$0.00000	$0.00000	$0.34375	$0.00000	$0.00000
9/22/2023	9/25/2023	10/2/2023	$0.34375	$0.00000	$0.00000	$0.34375	$0.00000	$0.00000
		Totals	$1.37500	$0.00000	$0.00000	$1.37500	$0.00000	$0.00000
			100.00 %	0.00 %	0.00 %	100.00 %

¹Pursuant to Section 857(b)(9) of the Internal Revenue Code of 1986, cash distributions made on January 2, 2024, with a record date of December 22, 2023, are treated as received by stockholders on December 31, 2023, to the extent of 2023 earnings and profits. As NXDT's 2023 cash distributions exceeded its 2023 earnings and profits, the January 2024 cash distribution declared in the fourth quarter of 2023 will be treated as a 2024 distribution for federal income tax purposes and not included on the 2023 Form 1099. If you were a stockholder of record as of December 22, 2023, the $0.34375 distribution payable on January 2, 2024 will be reported on your 2024 Form 1099.

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 nxdt.nexpoint.com.

CONTACTS

Investor Relations
Kristen Thomas
IR@nexpoint.com

Media Relations
Prosek Partners for NexPoint
pro-nexpoint@prosek.com

 

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