DALLAS, Jan. 30,
2025 /PRNewswire/ -- NexPoint Residential Trust, Inc.
("NXRT" or the "Company") (NYSE: NXRT) announced today the final
income allocations of the Company's 2024 dividend distributions on
its common stock. The final income allocations as they will be
reported on Form 1099-DIV are set forth in the following
table:
Common Shares (CUSIP #65341D102)
|
Ex
Dividend
Date
|
Record
Date
|
Payable
Date
|
Distribution
Per Share
|
Taxable
Ordinary
Income
Per Share (1)
|
Taxable
Capital Gain
Distr.
Per Share (2)(3)
|
Unrecap.
Sec. 1250
Gain
Per
Share
|
Return of
Capital
Per Share
|
|
3/14/2024
|
3/15/2024
|
3/28/2024
|
$0.46242
|
$0.00000
|
$0.31409
|
$0.19558
|
$0.14833
|
|
6/14/2024
|
6/14/2024
|
6/28/2024
|
$0.46242
|
$0.00000
|
$0.31409
|
$0.19558
|
$0.14833
|
|
9/13/2024
|
9/13/2024
|
9/30/2024
|
$0.46242
|
$0.00000
|
$0.31409
|
$0.19558
|
$0.14833
|
|
12/13/2024
|
12/13/2024
|
12/31/2024
|
$0.51000
|
$0.00000
|
$0.34641
|
$0.21571
|
$0.16359
|
|
|
Totals
|
$1.89726
100.00%
|
$0.00000
|
$1.28868
67.92%
|
$0.80245
|
$0.60858
32.08%
|
|
(1) 100% of the amount reported as Taxable Ordinary
Income is treated
as a qualified REIT dividend
for purposes of Section 199A
|
|
(2) The Section 897
Capital Gain amount is equal to 100% of the total Capital Gain
Distribution capital gain distributions reported on Form 1099-DIV,
for purposes of Section 1061. Section 1061 is generally applicable
to direct and indirect holders of "applicable partnership
interests." The "One Year Amounts" and "Three Year Amounts"
required to be disclosed are both zero with respect to the
2024 distributions, since all capital gain dividends relate to
Section 1231 gains.
|
|
(3) Pursuant to
Treasury Regulation §1.1061-6(c), NexPoint Residential Trust is
disclosing additional information related to the capital gain
distributions reported on Form 1099-DIV, for purposes of Section
1061. Section 1061 is generally applicable to direct and indirect
holders of "applicable partnership interests." The "One Year
Amounts" and "Three Year Amounts" required to be disclosed are both
zero with respect to the 2024 distributions, since all capital gain
dividends relate to Section 1231 gains.
|
About NXRT
NexPoint Residential Trust is a publicly traded REIT, with its
shares listed on the New York Stock Exchange under the symbol
"NXRT," primarily focused on acquiring, owning and operating
well-located middle-income multifamily properties with "value-add"
potential in large cities and suburban submarkets of large cities,
primarily in the Southeastern and Southwestern United States. NXRT is externally
advised by NexPoint Real Estate Advisors, L.P., an affiliate of
NexPoint Advisors, L.P., an SEC-registered investment advisor,
which has extensive real estate experience. More information about
the Company is available at http://www.nxrt.nexpoint.com.
CONTACTS
Investor Relations
Kristen
(Thomas) Giffith
IR@nexpoint.com
Media Relations
Prosek Partners for NexPoint
pro-nexpoint@prosek.com
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SOURCE NexPoint Residential Trust, Inc.
