Highest-materiality recent filing
NexPoint shareholders approve 2026 LTIP, reject liquidation proposal at annual meeting
Shareholders approved the 2026 Long Term Incentive Plan (26,945,964 for, 2,833,644 against).
NexPoint Diversified REIT participates in $962K of NSP Note at 14% PIK via side letter
OP purchased $962,000 participation interest in Secured Promissory Note (NSP Note) with NREF as lender.
NXDT sells Bradenton Hampton Inn & Suites for $26.3M cash to affiliate of adviser
Sold 100% membership interest of NHT Bradenton, LLC (owns Bradenton Hampton Inn & Suites) for approx $26.3M cash.
NexPoint Diversified enters guaranty on $28.5M NSP loan and closes $39.4M OSL loan
Company guarantees up to $28.5M of NSP Borrowers' loan; fixed rate 3.62%, due Oct 2031.
Advisor can elect to receive monthly fees in common shares at 10-day VWAP, subject to 6,000,000 share cap.
NexPoint Diversified Real Estate Trust board defers conversion to Maryland corporation
Shareholders approved conversion from Delaware trust to Maryland corp on June 10, 2025.
Shareholders approve conversion to Maryland corp and amended LTIP at annual meeting
All 7 trustees elected with James Dondero receiving 17.1M for and 12.9M withheld (10.3M broker non-votes).
NexPoint Diversified REIT corrects proxy overhang rate to 4.2%-6.1%
Corrected overhang rates: 4.2% excluding new share request, 6.1% including 943,000 new shares, as of April 9, 2025.
NexPoint Diversified closes acquisition of NexPoint Hospitality Trust; NHT to delist from TSX-V
NXDT issued 1,084,593 common shares and ~$0.8M promissory notes to NHT unitholders as merger consideration.
NexPoint launches $400M continuous offering of 9.00% Series B Preferred Shares
Up to 16M Series B Preferred Shares at $25.00 per share; 9.00% cumulative dividend.
Brian Mitts to resign as CFO, EVP-Finance, Treasurer, Assistant Secretary effective 11:59 p.m. CT Dec 31, 2024.
NXDT to acquire NexPoint Hospitality Trust for $0.36/unit, ~2300% premium
NXDT to acquire remaining ~17% of NHT it does not own for ~$5.5M in cash or NXDT shares.
CFO Brian Mitts resigns effective Dec 31; Paul Richards appointed as new CFO
Brian Mitts resigns as CFO, EVP-Finance, Treasurer, and Assistant Secretary effective Dec 31, 2024; remains on Board of Trustees.
NexPoint Diversified enters $750M loan guaranty; terminates prior guarantees
$750M loan matures Nov 1, 2029; interest rates range from 4.32% to 10.28% across tranches.
NexPoint Diversified Real Estate Trust obtains $10M loan from affiliate Ohio State Life Insurance
$10M loan from Ohio State Life Insurance Company, an affiliate via common beneficial ownership.
NexPoint amends advisory agreement to pay half of advisory fee in common shares
Monthly advisory fee to be paid 50% in cash and 50% in common shares; administrative fee remains all cash.
All seven trustee nominees elected; James Dondero received 18,354,187 votes for, highest among candidates.
NXDT OP loans $6.5M to NREF subsidiary at 7.535% PIK, matures 2029
NXDT OP issued a $6.5 million promissory note to NREF OP IV, a subsidiary of NREF.
NexPoint Diversified Real Estate Trust adopts clawback policy per SEC/NYSE rules
Policy mandates recovery of erroneously awarded incentive-based compensation from current and former executive officers following an accounting restatement.
NexPoint contributes $68.5M note to NexAnnuity affiliate for 8%-12% preferred stock
NHF TRS transferred a $68.5M structured note to NexAnnuity Holdings in exchange for 68,500 Class A Preferred shares.
NexPoint Diversified REIT enters into amended partnership agreement creating three classes of units
Reclassified outstanding common partnership units into Class A, Class B, and Class C Common Units on June 30, 2023.
NexPoint SFR OP issues $11M in 7.5% convertible notes; shareholders reject share issuance to Adviser
Highland Income Fund (affiliate of Adviser) loans $11M to NexPoint SFR OP at 7.5% interest, convertible into units at NAV, due June 30, 2027.
NexPoint Diversified Real Estate Trust enters $20M revolver with NexBank, expandable to $50M
Initial $20M facility with option to increase up to $50M; interest rate = 1-month SOFR + 3.50%.
Adviser may elect to receive monthly fees in common shares valued at 10-day VWAP, in lieu of cash.
NexPoint extends $153.7M loan maturity by 3 months to May 8, 2023
Amendment defers maturity from Feb 8, 2023 to May 8, 2023 for loan secured by Cityplace Tower in Dallas.
Plan approved with 19,314,204 For, 4,876,602 Against, 248,748 Abstentions, 0 Broker Non-Votes.
NexPoint contributes SAFStor JV interests to NSP OC, enters $97.6M guaranty with Extra Space
NXP contributed via subsidiary all SAFStor JV interests to NSP OC for 47,064 Class B Units (14.84% of NSP OC Common Units).
NexPoint amends advisory fee to cap cash portion at $1M/month; remainder in common shares
Monthly advisory fee capped at $1M cash; any excess paid in common shares valued using 10-day VWAP.
NexPoint guarantees up to $578.3M in loans for subsidiaries under two credit agreements
Guaranteed $221.8M BS Loan (JPMorgan), with $23.3M escrowed for property acquisition; due Sept 2023 with extension options.
NexPoint Diversified Real Estate Trust holds investor call with presentation on Aug 10, 2022
Company hosted an investor call on August 10, 2022; presentation furnished as exhibit.
NexPoint Diversified Real Estate Trust appoints Dr. Carol Swain and Catherine Wood to Board
Dr. Carol Swain and Catherine Wood appointed to Board effective August 2, 2022.
NexPoint Diversified Real Estate Trust deregisters as investment company, adopts new REIT mandate
SEC deregistration effective July 1, 2022; company now operates as a diversified REIT focusing on commercial real estate across the capital structure.
the Board appointed Paul Richards as the Company’s Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary, effective as of 12:00 a.m. Central Time on January 1, 2025.
On November 11, 2024, Brian Mitts resigned effective as of 11:59 p.m. Central Time on December 31, 2024 from his positions as Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary of NexPoint Diversified Real Estate Trust
On August 2, 2022, Dr. Carol Swain and Catherine Wood were appointed to the Board of Trustees (the “Board”) of NexPoint Diversified Real Estate Trust (the “Company”) with a term set to expire at the 2023 annual meeting of stockholders.
On August 2, 2022, Dr. Carol Swain and Catherine Wood were appointed to the Board of Trustees (the “Board”) of NexPoint Diversified Real Estate Trust (the “Company”) with a term set to expire at the 2023 annual meeting of stockholders.
Also on the Deregistration Date, the Board of Trustees appointed Mr. Mitts, Mr. Dondero, Scott Kavanaugh and Dr. Arthur Laffer to the Board of the Trustees and Mr. Dondero as Chairman of the Board of Trustees
The Board of Trustees appointed Brian Mitts as our Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary, Matt McGraner as our Executive VP, Chief Investment Officer and Secretary and D.C. Sauter as our General Counsel.
The Board of Trustees appointed Brian Mitts as our Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary, Matt McGraner as our Executive VP, Chief Investment Officer and Secretary and D.C. Sauter as our General Counsel.
Mr. Powell also resigned in his capacity as Chairman of the Board of Trustees, effective as of the Deregistration Date.
John Honis, Bryan A. Ward, Ethan Powell and Dr. Bob Froehlich resigned as Trustees of the Company, effective as of the Deregistration Date.
John Honis, Bryan A. Ward, Ethan Powell and Dr. Bob Froehlich resigned as Trustees of the Company, effective as of the Deregistration Date.
Frank Waterhouse resigned from his position as Treasurer, Principal Accounting Officer and Principal Financial Officer, Will Mabry resigned from his position as Assistant Treasurer, Rahim Ibrahim resigned from his position as Assistant Secretary, and Stephanie Vitiello resigned from her position as Secretary, Chief Compliance Officer, and Anti-Money Laundering Officer, effective as of the Deregistration Date.
Also on the Deregistration Date, the Board of Trustees appointed Mr. Mitts, Mr. Dondero, Scott Kavanaugh and Dr. Arthur Laffer to the Board of the Trustees and Mr. Dondero as Chairman of the Board of Trustees
Max materiality 0.85 · Median 0.50 · Most common event other_material