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) | | | | | | | |||
| | | | | | | | | |
Ex | Record | Payable | Distribution | Taxable | Taxable | Unrecap. | Return of | | |
| | | | | | | | | |
| | | | | | | | | |
3/14/2023 | 3/15/2023 | 3/31/2023 | $0.42000 | $0.00000 | $0.42000 | $0.13449 | $0.00000 | | |
6/14/2023 | 6/15/2023 | 6/30/2023 | $0.42000 | $0.00000 | $0.42000 | $0.13449 | $0.00000 | | |
9/14/2023 | 9/15/2023 | 9/29/2023 | $0.42000 | $0.00000 | $0.42000 | $0.13449 | $0.00000 | | |
12/14/2023 | 12/15/2023 | 12/29/2023 | $0.46242 | $0.00000 | $0.46242 | $0.14730 | $0.00000 | | |
| | | | | | | | | |
| | | | | | | | | |
| | Totals | $1.72242 | $0.00000 | $1.72242 | $0.55079 | $0.00000 | | |
| | | | | | | | | |
| | | 100.00 % | | 100.00 % | | 0.00 % | | |
| | | | | | | | | |
(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 | | | | ||||||
(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