DALLAS and TORONTO, Oct. 26,
2023 /CNW/ -- NexPoint Hospitality Trust
("NHT") (TSX-V: NHT.U) today announced the results of its
2023 annual and special meeting of unitholders (the
"Meeting"). All of the nominees listed in the management
information circular prepared in connection with the Meeting were
elected as trustees. Detailed results of the vote for the election
of trustees held at the Meeting are set out below:
|
Nominee
|
Votes
For
|
% Votes For
|
Votes
Withheld
|
% Votes
Withheld
|
|
James Dondero
|
25,077,196
|
90.35
|
2,679,883
|
9.65
|
|
Neil Labatte
|
25,263,995
|
91.02
|
2,493,084
|
8.98
|
|
Graham Senst
|
25,258,995
|
91.00
|
2,498,084
|
9.00
|
|
Jerry Patava
|
25,258,995
|
91.00
|
2,498,084
|
9.00
|
In addition, resolutions were passed by a majority of
disinterested votes represented at the Meeting authorizing and
approving (i) the adoption of an amended and restated deferred unit
plan for NHT's non-employee trustees; (ii) the conditional grant of
1,295,668 deferred units to NHT's independent trustees on
September 11, 2023; and (iii) certain
amendments to the convertible promissory notes issued by NHT
between June 2021 and September 2022. Frazier & Deeter, LLC was
also re-appointed as NHT's auditor to hold office until the next
annual meeting of unitholders. NHT's report of voting results can
be found at www.sedarplus.com.
About NexPoint Hospitality Trust
NexPoint Hospitality Trust is a publicly traded real estate
investment trust, with its Units listed on the TSX Venture Exchange
under the ticker NHT.U. NHT is principally 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:
Brian Mitts
Chief Financial Officer
(214) 550-8268
Investor Relations
IR@nexpoint.com
Media Inquiries
MediaRelations@nexpoint.com
SOURCE NexPoint Hospitality Trust
