NexPoint Hospitality Trust Restructures Trust Declaration for Growth

NexPoint Hospitality Trust Restructures Declaration of Trust

NexPoint Hospitality Trust (NHT or the REIT) has made significant amendments to its Declaration of Trust, aimed at facilitating the upcoming merger transaction with NexPoint Diversified Real Estate Investment Trust. This strategic move comes as the REIT plans to hold its annual meeting of unitholders alongside a special meeting, optimizing the governance process and improving overall efficiency.

Understanding the Amendments

The new amendments allow NHT to hold the annual meeting not required by the customary deadline of December 31. Instead, the REIT can schedule it for a date within 15 months post the previous annual meeting, provided that the extension has been approved by the TSX Venture Exchange (TSXV). This flexibility is crucial due to the recent delays in finalizing the information circular necessary for the upcoming meeting.

Tentative Meeting Timeline

The TSXV has granted a three-month extension, pushing the deadline to April 26. NHT plans to announce the record date and the meeting date soon, with expectations to conduct it before February 28. This meeting will encompass discussions on the REIT’s annual business, the merger transaction, and other pertinent matters.

About NexPoint Hospitality Trust

NexPoint Hospitality Trust operates as a publicly traded real estate investment trust with its units listed under the ticker NHT.U. The REIT is dedicated to acquiring, owning, and managing strategically located real estate assets. While its investments primarily include hospitality properties in the U.S., it also seeks opportunities in life science and semiconductor manufacturing properties.

Focus on Hospitality Properties

The REIT specializes in underperforming hospitality assets that present the potential for growth through targeted improvements. With a portfolio that includes properties associated with renowned brands like Marriott, Hilton, and Hyatt, NHT stands poised to leverage its operational capabilities to enhance property values. The focus on capital improvements and operational efficiencies is paramount to NHT's strategy.

Strategic Partnerships and External Advisory

NHT is externally advised by NexPoint Real Estate Advisors VI, L.P., utilizing their expertise to navigate the market landscape efficiently. The external advisory structure allows NHT to benefit from comprehensive market analysis, ensuring informed decision-making and strategic investment.

Commitment to Stakeholders

NHT’s recent amendments indicate a commitment not only to its operational goals but also to its stakeholders, ensuring that unitholders are engaged and informed throughout the process. This established communication channel aligns with NHT’s broader vision of transparency and growth.

Contact Information

For further inquiries regarding NexPoint Hospitality Trust, interested parties can reach out to:

Jesse Blair III
Executive Vice President, Head of Lodging
(833) 697–7523

Investor Relations
Email: IR@nexpoint.com

Media Inquiries
Email: MediaRelations@nexpoint.com

Frequently Asked Questions

What changes were made to NexPoint's Declaration of Trust?

The amendments allow for the annual meeting of unitholders to be held at a later date, alongside the special meeting regarding the merger transaction.

Why was the meeting date extended?

The meeting date was extended due to delays in the preparation of the necessary information circular required for unitholders' discussions.

What is the focus of NexPoint Hospitality Trust?

NHT primarily focuses on acquiring and managing hospitality properties while also considering investments in life science and semiconductor manufacturing properties.

Who advises NexPoint Hospitality Trust?

NHT is externally advised by NexPoint Real Estate Advisors VI, L.P., enhancing its strategic direction and investment decisions.

How can I contact NexPoint Hospitality Trust?

Inquiries can be directed to Jesse Blair III or the Investor Relations team via their respective emails provided above.

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