An anonymous trustee reports
NEXPOINT HOSPITALITY TRUST DECLARES SPECIAL DISTRIBUTION
Nexpoint Hospitality Trust has declared a special cash distribution on the outstanding trust units in an amount of 4.497 U.S. cents per unit, payable on Dec. 29, 2023, to holders of record at the close of business on Nov. 15, 2023.
The special distribution is being made to distribute to holders of units all or a portion of the capital gains realized by Nexpoint Hospitality from certain transactions completed during the last fiscal year in order for the trust to continue to be qualified and classified as a real estate investment trust (as defined in the United States Internal Revenue Code of 1986, as replaced or amended, from time to time) for U.S. federal income tax purposes. Unitholders will generally be required to include their proportionate share of the REIT's income and net taxable capital gain as allocated and designated by the REIT in computing their respective income, and some unitholders may be subject to applicable withholding taxes in connection with the payment of the special distribution. Unitholders should consult their tax advisers regarding the income tax consequences to them of the special distribution.
About Nexpoint Hospitality Trust
Nexpoint Hospitality is a publicly traded real estate investment trust. Nexpoint Hospitality 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 Hospitality owns nine branded properties sponsored by Marriott, Hilton, Hyatt and Intercontinental Hotels Group, located across the United States. Nexpoint Hospitality is externally advised by Nexpoint Real Estate Advisors VI LP.
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