other material
confidence high
sentiment neutral
materiality 0.50
NexPoint amends advisory agreement to pay half of advisory fee in common shares
NEXPOINT DIVERSIFIED REAL ESTATE TRUST
- Monthly advisory fee to be paid 50% in cash and 50% in common shares; administrative fee remains all cash.
- Share issuance capped at 5% of outstanding shares/voting power before first issuance or 6,000,000 shares total.
- Share cap may be lifted if shareholders approve issuances in excess of the cap.
- Amendment approved by Audit Committee and Board of Trustees.