other material
confidence high
sentiment neutral
materiality 0.50
NexPoint amends advisory fee to cap cash portion at $1M/month; remainder in common shares
NEXPOINT DIVERSIFIED REAL ESTATE TRUST
- Monthly advisory fee capped at $1M cash; any excess paid in common shares valued using 10-day VWAP.
- Administrative fee will be paid entirely in cash.
- Share issuance to adviser limited to 5% of outstanding shares and subject to REIT ownership rules.
- Amendment approved by audit committee and effective October 25, 2022.