NexPoint Diversified Real Estate Trust Announces Preferred Share Distribution

Rhea-AI Summary

NexPoint Diversified Real Estate Trust (NYSE: NXDT) has declared a dividend of $0.34375 per share for its 5.50% Series A Cumulative Preferred Shares. This dividend will be payable on June 30, 2023, to shareholders on record by the close of business on June 23, 2023. As a diversified real estate investment trust (REIT), NXDT focuses on opportunistic and value-add investments throughout the United States, leveraging its external advisory from NexPoint Real Estate Advisors X, L.P.. The announcement underscores NXDT’s commitment to providing returns to its investors through consistent dividend payouts.

Positive

• Announced a dividend of $0.34375 per share for Preferred Shares.
• Dividend will be paid to shareholders, reflecting financial health.

Negative

• None.

News Market Reaction – NXDT

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+1.07% Session move

In the trading session that priced this news, NXDT gained 1.07%, reflecting a mild positive market reaction.

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DALLAS, April 26, 2023 /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 June 30, 2023, to Preferred shareholders of record at the close of business June 23, 2023.  

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 is the dividend declared by NXDT for June 2023?

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

When will the NXDT dividend be paid?

The dividend will be payable on June 30, 2023.

What is the record date for NXDT's dividend?

The record date for the dividend is June 23, 2023.

What type of investment trust is NXDT?

NXDT is a diversified real estate investment trust (REIT).