NexPoint Diversified Real Estate Trust amends advisory agreement to allow adviser fee payments in common shares

NEXPOINT DIVERSIFIED REAL ESTATE TRUST

Adviser may elect to receive monthly fees in common shares valued at 10-day VWAP, in lieu of cash.
Share issuance capped at 5% of outstanding shares or 6M shares, unless shareholders approve more.
Audit committee reviewed and approved the amendment; effective April 11, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NEXPOINT DIVERSIFIED REAL ESTATE TRUST amended Advisory Agreement Amendment with NexPoint Real Estate Advisors X, L.P. (effective 2023-04-11).

Action: amendment
Counterparty: NexPoint Real Estate Advisors X, L.P.
Effective: 2023-04-11

Exact text from the filing

On April 11, 2023, NexPoint Diversified Real Estate Trust (the “Company”) and NexPoint Real Estate Advisors X, L.P. (the “Adviser”) entered into an amendment (the “Advisory Agreement Amendment”) to the Advisory Agreement, dated July 1, 2022, by and between the Company and the Adviser (the “Advisory Agreement”), as amended by that First Amendment to Advisory Agreement, dated October 25, 2022.

View on SEC.gov

Browse all material agreements →

NEXPOINT DIVERSIFIED REAL ESTATE TRUST filing history →

Source: SEC EDGAR

accession 0001437749-23-010080

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.