Company: NXDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001356115-25-000014
Chunk: 25

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 25
---
4, the Company held the following investments (dollars in thousands):Balances, as of December 31, 2024Number of SharesCarrying AmountNexPoint Life Sciences II DST1,044,040$9,600 NexPoint Semiconductor DST2,296,85120,959 Total$30,559 

11. Shareholders’ Equity

Common SharesDuring the three months ended March 31, 2025 and 2024, the Company issued 1,837,444 and 911,819 common shares, respectively.During the three months ended March 31, 2025, the Company paid a distribution of $0.15 per share on its common shares on March 31, 2025 to shareholders of record on February 28, 2025. During the three months ended March 31, 2024, the Company paid a distribution of $0.15 per share on its common shares on March 28, 2024 to shareholders of record on February 16, 2024. The distributions paid on March 31, 2025 and March 28, 2024 consisted of a combination of cash and shares, with the cash component of the distribution (other than cash paid in lieu of fractional shares) comprising 20% of the distribution, with the balance being paid in the Company’s common shares. As of March 31, 2025, and December 31, 2024, the Company had 44,517,013 and 42,679,569 common shares, issued and outstanding, respectively.Series A Preferred SharesOn January 8, 2021, the Company issued 3,359,593 5.50% Series A Cumulative Preferred Shares, par value $0.001 per share, liquidation preference $25.00 per share ("Series A Preferred Shares") with an aggregate liquidation preference of approximately $84.0 million. The Series A Preferred Shares were issued as part of the consideration for an exchange offer for a portion of the Company’s common shares. The Series A Preferred Shares are callable beginning on December 15, 2023 at a price of $25 per share. The Company may exercise its call option at the Company's discretion. As a result, these are included in permanent equity.During the three months ended March 31, 2025, the Company declared one distribution on its Series A Preferred Shares, in the amount of $0.34375 per share, which was paid on