other material
confidence high
sentiment neutral
materiality 0.70
NexPoint launches $400M continuous offering of 9.00% Series B Preferred Shares
NEXPOINT DIVERSIFIED REAL ESTATE TRUST
- Up to 16M Series B Preferred Shares at $25.00 per share; 9.00% cumulative dividend.
- Dealer manager fee 3.0%, selling commissions 7.0% of gross proceeds.
- Net proceeds to fund investment opportunities and general corporate purposes.
- No public market for Series B Preferred Shares; not listed on any exchange.
- Affiliate NexPoint Securities serves as exclusive dealer manager.