NexPoint Diversified Real Estate Trust Declares Regular Monthly Distribution | Nation / World

DALLAS, December 01, 2021 (GLOBE NEWSWIRE) – NexPoint Diversified Real Estate Trust (NYSE: NXDT) (“NXDT” or the “Company”) today announced its regular monthly distribution on its common shares of $ 0.05 per action. The distribution will be payable on December 31, 2021 to shareholders of record at the close of business on December 23, 2021.

About NexPoint Diversified Real Estate Trust (NXDT)

NexPoint Diversified Real Estate Trust (NYSE: NXDT) is a closed-end fund managed by NexPoint Advisors, LP which is in the process of converting to a Diversified REIT. On August 28, 2020, shareholders approved the conversion proposal and amended the Company’s fundamental investment policies and restrictions to allow the Company to continue its new business. The Company is reorganizing its portfolio so that it is no longer an “investment company” within the meaning of the Investment Companies Act 1940 (the “1940 Act”). On March 31, 2021, the Company filed an application (the “De-listing Request”) with the Securities and Exchange Commission (the “SEC”) for an order under the 1940 Act declaring that the Company is no longer an investment company (the “Write-off Order”). On September 13, 2021, the Company filed an addendum to the delisting request, which provides additional information regarding the realignment of the Company’s portfolio. The Company will continue to be structured as a registered closed-end investment company until it receives the delisting order; however, the Company has repositioned its portfolio sufficiently to achieve REIT tax status and is operating in its 2021 tax year so that it may qualify for tax as a REIT.

Effective November 8, 2021, NHF changed its name to NexPoint Diversified Real Estate Trust and is listed on the New York Stock Exchange under the symbol NXDT.

For more information visit www.nexpoint.com/nexpoint-strategic-opportunities-fund/.

About NexPoint Advisors, LP

NexPoint Advisors, LP is an SEC registered adviser on the alternative investment platform NexPoint. He serves as an advisor to a range of funds and investment vehicles, including a closed-end fund, an interval fund, a business development company (“BDC”) and various real estate vehicles. For more information visit www.nexpoint.com.

Risks and Disclosures

Investors should carefully consider the investment objectives, risks, fees and expenses of NexPoint Diversified Real Estate Trust before investing. This and other information can be found in the Company’s prospectus, which can be obtained by calling 1-866-351-4440 or by visiting www.nexpoint.com/nexpoint-strategic-opportunities-fund. Please read the prospectus carefully before investing.

The shares of closed-end investment companies frequently trade at a discount to the net asset value. The price of the Company’s shares is determined by a number of factors, many of which are beyond the control of the Company. Therefore, the Company cannot predict whether its shares will trade at, below or above NAV. Past performance is no guarantee of future results.

The distribution may include a return of capital. Please refer to the distribution source on the NexPoint Advisors website for section 19 notices which provide estimated amounts and sources of the Company’s distributions, which should not be relied on for tax reporting purposes.

While NexPoint has committed to the REIT conversion, this remains subject to regulatory approval and the ability to reconfigure NXDT’s portfolio to achieve REIT status and deregister as an investment firm. The time required to reconfigure the Company’s portfolio could be affected, among others, by the COVID-19 pandemic and the resulting market volatility, determinations to preserve capital, the Company’s ability to identify and execute desirable investments; and applicable regulations, lenders and governance. conditions. The conversion process can take up to 24 months; and there can be no assurance that the conversion of NXDT to REIT status will improve its performance or reduce the discount to the NAV. In addition, the SEC may decide not to grant the Company’s request for the De-listing Order, which would significantly alter the Company’s plans for its business and investments.

In addition, these actions may adversely affect the Company’s financial condition, investment performance, results of operations, cash flows, the share price of its common shares and its ability to meet its obligations as of today. on account of debt service, if any, and to pay cash distributions to shareholders. Whether the Company remains a registered investment company or converts to a REIT, its common stock, like an investment in any other public company, is subject to investment risk, including possible loss of investment. For a discussion of certain other risks associated with the proposed conversion to a REIT, see “Implementation of the Business Change Proposal and Related Risks” in the Management Proxy Circular.

No guarantee can be given that the Company will achieve its investment objectives.

Please review the risks and additional information on www.nexpoint.com/nexpoint/disclosures/closed-end-fund-disclosures/

1-866-351-4440 info@nexpoint.com

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