DALLAS and TORONTO, December 23, 2024 — NexPoint Hospitality Trust (“NHT” or the “REIT“¹), (TSX-V: NHT.U) today announced amendments (the “Amendments“) to its amended and restated declaration of trust (the “Declaration of Trust“). These changes enable the REIT to combine its annual unitholder meeting with a special meeting to approve the merger transaction announced on November 25, 2024 with NexPoint Diversified Real Estate Investment Trust (the “Merger Transaction“). The current Declaration of Trust mandates the annual meeting by December 31, 2024, a deadline that cannot be met due to delays in finalizing the information circular for the merger approval meeting. The Amendments allow the annual meeting to be held within 15 months of the last annual meeting, or a later date approved by the TSX Venture Exchange (the “TSXV“). The TSXV granted a three-month extension to April 26, 2025. The REIT will file an amended meeting notice soon, setting the record and meeting dates for this combined annual and special meeting (the “Meeting“) to consider annual business, the Merger Transaction, and other matters. The Meeting is planned before February 28, 2025. The Amendments were approved by unitholders representing at least two-thirds of the REIT’s trust units, as per Section 9.15 of the Declaration of Trust.

About NHT

NexPoint Hospitality Trust is a publicly traded real estate investment trust (REIT), listed on the TSX Venture Exchange (NHT.U). NHT focuses on acquiring, owning, and operating strategically located real estate, including life science and semiconductor manufacturing properties, but primarily hospitality properties in the United States. These properties offer high current yields and often represent underperforming assets with value-enhancement potential through capital improvements, market recovery, brand repositioning, revenue enhancement, operational improvements, expense reduction, and the exploitation of excess land or underutilized space. NHT owns 7 properties, some affiliated with Marriott, Hilton, and Hyatt, others independently operated, across the U.S. NexPoint Real Estate Advisors VI, L.P. provides external advisory services.

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contact:

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

Investor Relations
 

Media Inquiries

¹ In this release, “we,” “us,” “our,” “NHT,” and the “REIT,” each refer to NexPoint Hospitality Trust.

SOURCE NexPoint Hospitality Trust