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NexPoint Diversified Real Estate Trust | 5.50% Series A Preferred Shares (NXDT.PRA)
Prospectus excerpt: NexPoint Diversified Real Estate Trust formerly, NexPoint Strategic Opportunities Fund 5.50% Series A Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 12/15/2023 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 5.50% per annum ($1.375 per annum or $0.34375 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date fixed by the board, prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Full Prospectus PDF », Secondary Prospectus PDF », NXDT Page »
Series: | A | Alternate symbology: | NXDT-A, NXDT-PA, NXDTprA | Redeemable?: | Yes | Call Date: | 12/15/2023 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 4,800,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $15.40 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-9.60 (-38.40%) | Annualized Dividend: | 1.375 | Recent Ex-Date: | 3/22/2024 | Current Yield: | 8.93% | Original Coupon: | 5.50% | Pay Period: | Quarterly | Pay Dates: | 31-Mar, 30-Jun, 30-Sep, 31-Dec | CDx3 Compliance Rating: |
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NexPoint Diversified Real Estate Trust is registered as a non-diversified, closed-end management investment company. The Fund's investment objectives are to provide both current income and capital appreciation. Preferred: NXDT.PRA Open the NXDT Information Page »
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