DALLAS and TORONTO, Sept. 11,
2023 /CNW/ -- NexPoint Hospitality Trust,
("NHT" or the "REIT"1), (TSX-V: NHT.U)
announced today the issuance of 1,295,668 deferred units (the
"Deferred Units") to certain independent trustees of the
REIT, pursuant to the REIT's existing deferred unit plan (the
"Deferred Unit Plan"). The Deferred Units were granted in
respect of accrued trustee fees up to the end of Q2 2023, in the
aggregate amount of US$323,917 and
pursuant to the REIT's matching program.
The grant is subject to the adoption of an amended and restated
deferred unit plan, approval by the TSX Venture Exchange
("TSXV") and an affirmative vote of a majority of the votes
cast by disinterested unitholders of the REIT, excluding the votes
cast by such unitholders that are required to be excluded pursuant
to TSXV Policy 4.4 – Security Based Compensation at the REIT's
upcoming annual and special meeting of unitholders.
About NHT
NexPoint Hospitality Trust is a publicly
traded real estate investment trust, with its Units listed on the
TSXV under the ticker NHT.U. NHT is focused on acquiring, owning
and operating well-located hospitality properties in the United States that offer a high current
yield and in many cases are underperforming assets with the
potential to increase in value through investments in capital
improvements, a market-based recovery, brand repositioning, revenue
enhancements, operational improvements, expense inefficiencies, and
exploiting excess land or underutilized space. NHT owns 9 branded
properties sponsored by Marriott, Hilton, Hyatt, and
Intercontinental Hotels Group, located across the U.S. NHT is
externally advised by NexPoint Real Estate Advisors VI, L.P.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contact:
Investor Relations
IR@nexpoint.com
Media Inquiries
MediaRelations@nexpoint.com
7408432
1 In this release, "we," "us," "our," and "NHT" each
refer to NexPoint Hospitality Trust.
SOURCE NexPoint Hospitality Trust