DALLAS, Feb. 23, 2023 /PRNewswire/ -- NexPoint Diversified Real Estate Trust ("NXDT") (NYSE: NXDT) announced today the final income allocations of the Company's 2022 dividend distributions on its common stock and preferred stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table:
Common Shares (CUSIP # 65340G205, NYSE Ticker: NXDT)
Ex
Dividend
Date | Record
Date | Payable
Date | Distribution
Per Share | Taxable
Ordinary
Income
Per Share | Taxable
Capital Gain
Distr. Per
Share | Return of
Capital
Per Share | Section
199A Dividends
Per Share | Qualified
Dividend
Income
Per Share |
1/21/2022 | 1/24/2022 | 1/31/2022 | $0.05000 | $0.00000 | $0.00000 | $0.05000 | $0.00000 | $0.00000 |
2/17/2022 | 2/18/2022 | 2/28/2022 | $0.05000 | $0.00000 | $0.00000 | $0.05000 | $0.00000 | $0.00000 |
3/23/2022 | 3/24/2022 | 3/31/2022 | $0.05000 | $0.00000 | $0.00000 | $0.05000 | $0.00000 | $0.00000 |
4/21/2022 | 4/22/2022 | 4/29/2022 | $0.05000 | $0.00000 | $0.00000 | $0.05000 | $0.00000 | $0.00000 |
5/23/2022 | 5/24/2022 | 5/31/2022 | $0.05000 | $0.00000 | $0.00000 | $0.05000 | $0.00000 | $0.00000 |
6/22/2022 | 6/23/2022 | 6/30/2022 | $0.05000 | $0.00000 | $0.00000 | $0.05000 | $0.00000 | $0.00000 |
7/21/2022 | 7/22/2022 | 8/1/2022 | $0.05000 | $0.00000 | $0.00000 | $0.05000 | $0.00000 | $0.00000 |
8/23/2022 | 8/24/2022 | 8/31/2022 | $0.05000 | $0.00000 | $0.00000 | $0.05000 | $0.00000 | $0.00000 |
9/16/2022 | 9/19/2022 | 9/30/2022 | $0.05000 | $0.00000 | $0.00000 | $0.05000 | $0.00000 | $0.00000 |
12/14/2022 | 12/15/2022 | 12/30/2022 | $0.15000 | $0.00000 | $0.00000 | $0.15000 | $0.00000 | $0.00000 |
|
| Totals | $0.60000 | $0.00000 | $0.00000 | $0.60000 | $0.00000 | $0.00000 |
|
|
| 100.00 % | 0.00 % | 0.00 % | 100.00 % |
|
|
Preferred Shares (CUSIP # 65340G304), NYSE Ticker: NXDT PRA)1
Ex
Dividend
Date | Record
Date | Payable
Date | Distribution
Per Share | Taxable
Ordinary
Income
Per Share | Capital Gain
Distributions
Per Share | Return of
Capital
Per Share | Section
199A Dividends
Per Share | Qualified
Dividend
Income
Per Share |
3/23/2022 | 3/24/2022 | 3/31/2022 | $0.34375 | $0.00000 | $0.00000 | $0.34375 | $0.00000 | $0.00000 |
6/22/2022 | 6/23/2022 | 6/30/2022 | $0.34375 | $0.00000 | $0.00000 | $0.34375 | $0.00000 | $0.00000 |
9/22/2022 | 9/23/2022 | 9/30/2022 | $0.34375 | $0.00000 | $0.00000 | $0.34375 | $0.00000 | $0.00000 |
|
| Totals | $1.03125 | $0.00000 | $0.00000 | $1.03125 | $0.00000 | $0.00000 |
|
|
| 100.00 % | 0.00 % | 0.00 % | 100.00 % |
|
|
1Pursuant to Section 857(b)(9) of the Internal Revenue Code of 1986 (the "IRC"), cash distributions made on January 3, 2023, with a record date of December 23, 2022, are treated as received by stockholders on December 31, 2022, to the extent of 2022 earnings and profits. As NXDT's 2022 cash distributions exceeded its 2022 earnings and profits, the January 2023 cash distribution declared in the fourth quarter of 2022 will be treated as a 2023 distribution for federal income tax purposes and not included on the 2022 Form 1099. If you were a stockholder of record as of December 23, 2022, the $0.34375 dividend payable on January 3, 2023, will be reported on your 2023 Form 1099.
Components may not sum to the totals due to rounding differences. The information above presents final income allocations.
The Company encourages shareholders to consult with their own tax advisors with respect to the federal, state, and local income tax effects of these dividends.
About NexPoint Diversified Real Estate Trust
NexPoint Diversified Real Estate Trust is an externally advised, publicly traded, diversified real estate investment trust (REIT) focused on the acquisition, development, and management of opportunistic and value-add investments throughout the United States across multiple sectors where NexPoint and its affiliates have operational expertise. NXDT is externally advised by NexPoint Real Estate Advisors X, L.P. For more information, please visit nxdt.nexpoint.com.
CONTACTS
Investor Relations
Kristen Thomas
IR@nexpoint.com
Media Relations
Prosek Partners for NexPoint
pro-nexpoint@prosek.com
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