DALLAS and TORONTO, Jan. 22,
2024 /CNW/ -- NexPoint Hospitality Trust
("NHT" or the "REIT") (TSX-V: NHT.U) is pleased to
announce 2023 U.S. tax information in respect of the special
distribution paid by the REIT on December
29, 2023 (the "Special Distribution"). The Special
Distribution was made to distribute to unitholders all or a portion
of the capital gain realized by the REIT from certain transactions
completed during the last fiscal year in order for the REIT to
continue to be qualified and classified as a "real estate
investment trust" (as defined in the U.S. Internal Revenue Code
of 1986, as replaced or amended, from time to time) for U.S.
federal income tax purposes.
The final income allocations as they will be reported on Form
1099-DIV, in respect of the Special Distribution, are set forth in
the following table:
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Common Shares (CUSIP
#65344N107)
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Record
Date
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Payable
Date
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Distribution
Per Share
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Taxable Ordinary
Income
Per Share (1)
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Capital Gain
Distributions Per
Share (2)(3)
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Unrecaptured
Section 1250 Gain
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Return of
Capital
Per Share
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11/15/2023
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12/29/2023
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$0.04497
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$0.00000
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$0.04497
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$0.00607
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$0.00000
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|
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|
|
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Totals
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$0.04497
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$0.00000
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$0.04497
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$0.00607
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$0.00000
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|
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|
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100.00 %
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0.00 %
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100.00 %
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13.50 %
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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
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(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 Hospitality Trust is
disclosing additional information related to the
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capital gain
distributions reported on Form 1099-DIV, for purposes of Section
1061. Section 1061 is generally applicable to
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direct and indirect
holders of "applicable partnership interests." The "One Year
Amounts" and "Three Year Amounts" required
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to be disclosed are
both zero with respect to the 2023 distributions, since all capital
gain dividends relate to Section 1231 gains.
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The REIT encourages unitholders to consult their tax
advisors regarding the federal, state, and local income tax
consequences to them of the Special Distribution.
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 8 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
SOURCE NexPoint Hospitality Trust
