NXRT - NexPoint Residential Trust Announces 2023 Dividend Income Tax Treatment
PR Newswire
DALLAS , Jan. 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today the final income allocations of the Company's 2023 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) |
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Ex |
Record |
Payable |
Distribution |
Taxable |
Taxable |
Unrecap. |
Return of |
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3/14/2023 |
3/15/2023 |
3/31/2023 |
$0.42000 |
$0.00000 |
$0.42000 |
$0.13449 |
$0.00000 |
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6/14/2023 |
6/15/2023 |
6/30/2023 |
$0.42000 |
$0.00000 |
$0.42000 |
$0.13449 |
$0.00000 |
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9/14/2023 |
9/15/2023 |
9/29/2023 |
$0.42000 |
$0.00000 |
$0.42000 |
$0.13449 |
$0.00000 |
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12/14/2023 |
12/15/2023 |
12/29/2023 |
$0.46242 |
$0.00000 |
$0.46242 |
$0.14730 |
$0.00000 |
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Totals |
$1.72242 |
$0.00000 |
$1.72242 |
$0.55079 |
$0.00000 |
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100.00 % |
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100.00 % |
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0.00 % |
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(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 |
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(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 2023 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
IR@nexpoint.com
Media Relations
Prosek Partners for NexPoint
pro-nexpoint@prosek.com
SOURCE NexPoint Residential Trust
Company Name: | NexPoint Residential Trust Inc. |
Stock Symbol: | NXRT |
Market: | NYSE |
Website: | nexpointliving.com |
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