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Dallas, December 1, 2021 (Global News Agency)-NexPoint Diversified Real Estate Trust (NYSE stock code:NXDT) (“NXDT” or “Company”) today announced a regular monthly distribution of $0.05 per share for its common stock. The distribution will be paid 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 stock code:NXDT) Is a closed-end fund managed by NexPoint Advisors, LP, which is being converted into a diversified REIT. On August 28, 2020, shareholders approved the conversion proposal and revised the company’s basic investment policies and restrictions to allow the company to start new business. The company is realigning its investment portfolio so that it is no longer an “investment company” under the Investment Company Act of 1940 (the “1940 Act”). On March 31, 2021, the company filed an application (“Cancellation Application”) with the United States Securities and Exchange Commission (“SEC”), requesting that the company is no longer an investment company (“SEC”) under the 1940 Act. . Cancellation order”). On September 13, 2021, the company submitted an amendment to the cancellation application, which provided more information about the company’s investment portfolio restructuring. Before receiving the cancellation order, the company will continue to use registered closed investment The structure of the company; however, the company has repositioned its investment portfolio…
The full story can be found on Benzinga.com
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