Nexpoint Diversified Real Estate Trust Stock Price, News & Analysis

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 (NYSE: NXDT PR A). The dividend will be distributed on December 31, 2024, to shareholders recorded as of December 23, 2024.

NexPoint Diversified Real Estate Trust (NXDT) has announced two significant updates: a quarterly distribution of $0.15 per common share and a new $20 million share repurchase program. The distribution, payable on December 31, 2024, will be a combination of cash and NXDT shares, with the cash component not exceeding 20%. Shareholders can elect to receive all cash or all shares, though cash elections may be prorated. The share repurchase program, effective until October 28, 2026, authorizes the repurchase of both common shares and 5.50% Series A Cumulative Preferred Shares.

NexPoint Real Estate Opportunities has filed an emergency motion in Baltimore City Circuit Court to compel United Development Funding IV (UDF IV) to provide comprehensive shareholder information and lists. NexPoint currently has contact information for only 14% of outstanding shares across 13% of accounts. The motion requests UDF IV's Annual Meeting be held between December 16-31, 2024, allowing NexPoint adequate time to communicate with shareholders. NexPoint criticizes UDF IV's Board for lack of transparency and shareholder communications, noting only one annual meeting held in nine years. The company's delisting and deregistration have made shareholder communication challenging.

NexPoint Real Estate Opportunities hosted an informational webinar for United Development Funding IV (UDF IV) shareholders ahead of the company's upcoming Annual Meeting of Shareholders. The webinar, titled 'UDF IV Board of Trustees Election: A Critical Vote for Your Investment', is available for replay at udfaccountability.com/webinar.

NexPoint urges shareholders to vote for change by supporting its four nominees to UDF IV's Board of Trustees: Paul S. Broaddus, Edward N. Constantino, John A. Good, and Julie Silcock. The current Board is criticized for supporting former management involved in fraud. NexPoint's plan aims to maximize shareholder value and create liquidity for UDF IV shareholders.

Shareholders can vote using NexPoint's GREEN proxy materials and visit udfaccountability.com for updates on the upcoming Annual Meeting.

NexPoint cautions United Development Funding IV (UDF IV) shareholders against being misled by the company's recent attempts to distract from the current Board's failures. UDF IV issued a letter to shareholders raising concerns about NexPoint's leadership, which NexPoint claims contains false statements and rehashes previous attacks. NexPoint argues that UDF IV is trying to divert attention from the Board's mismanagement, which has resulted in significant value and liquidity loss.

NexPoint highlights that UDF IV's current Board of Trustees oversaw years of fraud by former executives, who were convicted and are serving prison sentences. The Board also authorized using shareholder funds to defend these executives legally. NexPoint, with $14.5 billion in real estate assets under management, is nominating four independent Trustee candidates to replace the current Board, aiming to enforce loan agreements, pursue defaulting borrowers, manage expenses, and maximize asset value for shareholders.

NexPoint Real Estate Opportunities has issued a letter to United Development Funding IV (UDF IV) shareholders ahead of the upcoming Annual Meeting, addressing misleading statements by UDF IV. NexPoint urges shareholders to vote for its nominees: Paul S. Broaddus, Edward N. Constantino, John A. Good, and Julie Silcock, to implement a plan to maximize value for all shareholders.

NexPoint criticizes UDF IV's current Board for overseeing criminal and fraudulent behavior and eroding shareholder value. While the Annual Meeting date is not yet announced, shareholders can vote using NexPoint's GREEN proxy materials. NexPoint encourages shareholders to visit udfaccountability.com for updates and contact them at udfinvestors@nexpoint.com.

NexPoint Real Estate Opportunities has sent a letter to United Development Funding IV (UDF IV) shareholders, urging them to vote for board change at the upcoming Annual Meeting. The letter highlights questionable conduct by UDF IV's Board of Trustees, leading to significant value erosion. Key issues include skyrocketing impaired loans, questionable loan extensions, unhealthy loan concentration, and asset erosion from G&A expenses.

NexPoint proposes four nominees for the board: Paul S. Broaddus, Edward N. Constantino, John A. Good, and Julie Silcock. Shareholders are encouraged to use NexPoint's GREEN proxy materials to vote for change. The Annual Meeting must be held by December 31, 2024. NexPoint has set up a website, udfaccountability.com, for shareholders to receive updates about the company and the upcoming meeting.

NexPoint Real Estate Opportunities has sent a letter to shareholders of United Development Funding IV (UDF IV) ahead of the company's upcoming Annual Meeting of Shareholders. The letter urges shareholders to consider red flags surrounding UDF IV's current Board of Trustees, citing their track record of overseeing fraud and value destruction. NexPoint encourages shareholders to vote for change by supporting their nominees: Paul S. Broaddus, Edward N. Constantino, John A. Good, and Julie Silcock.

Shareholders can vote using NexPoint's GREEN proxy materials to elect new Trustees who will work to maximize value at UDF IV. NexPoint has set up a website, udfaccountability.com, for shareholders to receive updates about the company and the upcoming Annual Meeting, which must be held on or before December 31, 2024.

NexPoint Diversified Real Estate Trust (NXDT) has announced an upcoming investor update call scheduled for Tuesday, September 10, 2024, at 4:00 p.m. ET. The call will focus on discussing portfolio updates and recent performance of the company. Investors can register for the call through a provided link or by visiting the NXDT website. Attendees have the option to submit questions in advance through the registration link. For those unable to attend, a replay of the call will be available on NXDT's website after the event.