Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 77

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 77
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15 per common share, payable on March 31, 2025 to shareholders of record on March 14, 2025. The distribution on the Company’s common shares consists of a combination of cash and shares, with the cash component of the distribution (other than cash paid in lieu of fractional shares) not to exceed 20% in the aggregate, with the balance being paid in the Company’s common shares. Also on February 18, 2025, the Board approved a quarterly distribution of $0.34375 per Series A Preferred Share, payable on March 31, 2025 to shareholders of record on March 24, 2025.  On February 18, the Board approved monthly distributions of $0.1875 per 9.00% Series B Cumulative Redeemable Preferred Share each, payable on March 5, 2025 and April 7, 2025 to shareholders of record on February 25, 2025 and March 25, 2025, respectively.NXHT Promissory Note InterestOn January 2, 2025, NXHT repaid $3.0 million of outstanding interest on a promissory note with a subsidiary of the Company.Semiconductor DSTOn January 2, 2025, the Company, through a subsidiary, contributed $3.0 million to Semiconductor DST, in exchange for LLC interests. Held for Sale, Plano Homewood SuitesThe Company sold its held for sale property, Plano Homewood Suites, on January 24, 2025, for a sales price of approximately $8.7 million.ACORE Debt Paydown, NHTOn January 24, 2025, the Company paid down approximately $5.5 million and $2.6 million, respectively, on its Note A and B loans.Marriott Uptown RefinanceOn January 21, 2025, the Company received a distribution of approximately $15.0 million as a result of the refinance of Marriott Uptown. Series B Preferred Shares OfferingOn January 30, 2025, the Company announced the launch of a continuous public offering of up to 16,000,000 shares of its newly designated Series B Preferred Shares at a price to the public of $25.00 per share, for gross proceeds of $400.0 million. The Series B Preferred Shares are convertible at the option of the holder thereof into our common shares beginning on the first day of the month following