02:05:37 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Nexpoint Hospitality Trust
Symbol NHT
Shares Issued 29,352,055
Close 2023-08-24 U$ 0.50
Market Cap U$ 14,676,028
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Nexpoint Hospitality grants 1.29 million deferred units

2023-09-11 18:55 ET - News Release

An anonymous trustee reports

NEXPOINT HOSPITALITY TRUST ANNOUNCES GRANT OF DEFERRED UNITS

Nexpoint Hospitality Trust today issued 1,295,668 deferred units to certain independent trustees of the REIT, pursuant to the REIT's existing deferred unit plan. The deferred units were granted in respect of accrued trustee fees up to the end of Q2 2023, in the aggregate amount of $323,917 (U.S.) and pursuant to the REIT's matching program.

The grant is subject to the adoption of an amended and restated deferred unit plan, approval by the TSX Venture Exchange (TSX-V) and an affirmative vote of a majority of the votes cast by disinterested unitholders of the REIT, excluding the votes cast by such unitholders that are required to be excluded pursuant to TSX-V Policy 4.4 -- Security Based Compensation at the REIT's upcoming annual and special meeting of unitholders.

About Nexpoint Hospitality Trust

Nexpoint Hospitality is a publicly traded real estate investment trust, with its units listed on the TSX-V under the ticker NHT.U. NHT is focused on acquiring, owning and operating well-located hospitality properties in the United States that offer a high current yield and in many cases are underperforming assets with the potential to increase in value through investments in capital improvements, a market-based recovery, brand repositioning, revenue enhancements, operational improvements, expense inefficiencies, and exploiting excess land or underutilized space. Nexpoint owns nine branded properties sponsored by Marriott, Hilton, Hyatt and Intercontinental Hotels Group, located across the United States. NHT is externally advised by Nexpoint Real Estate Advisors VI LP.

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