NexPoint Diversified Real Estate Trust Announces Preferred Share Distribution

Rhea-AI Summary

NexPoint Diversified Real Estate Trust (NXDT) declared a dividend of $0.34375 per share for its 5.50% Series A Cumulative Preferred Shares. The dividend will be paid on July 1, 2024, to shareholders of record as of June 24, 2024.

News Market Reaction – NXDT

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+2.54% Session move

In the trading session that priced this news, NXDT gained 2.54%, reflecting a moderate positive market reaction.

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DALLAS, May 2, 2024 /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 July 1, 2024, to Preferred shareholders of record at the close of business June 24, 2024.  

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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SOURCE NexPoint Diversified Real Estate Trust

FAQ

What dividend did NexPoint Diversified Real Estate Trust announce?

NXDT announced a dividend of $0.34375 per share for its 5.50% Series A Cumulative Preferred Shares.

When will the dividend be payable?

The dividend will be payable on July 1, 2024.

Who will receive the dividend?

Preferred shareholders of record as of June 24, 2024, will receive the dividend.