The NexPoint Diversified Real Estate Trust is a closed-end fund managed by NexPoint Advisors, L.P. that is in the process of converting to a diversified REIT. On August 28, 2020, shareholders approved the conversion proposal and amended the Company’s fundamental investment policies and restrictions to permit the Company to pursue its new business. The Company is realigning its portfolio so that it is no longer an "investment company" under the Investment Company Act of 1940 (the "1940 Act"). On March 31, 2021, the Company filed an application (the "Deregistration Application") with the Securities and Exchange Commission (the "SEC") for an order under the 1940 Act declaring that the Company is no longer an investment company (the "Deregistration Order"). On September 13, 2021, the Company filed an amendment to the Deregistration Application, which provides additional information regarding the realignment of the Company’s portfolio. The Company will continue to be structured as a registered closed-end investment company until it receives the Deregistration Order; however, the Company has repositioned its portfolio sufficient to achieve REIT tax status and is operating during its 2021 taxable year so that it may qualify for taxation as a REIT. Effective November 8, 2021, NHF changed its name to NexPoint Diversified Real Estate Trust and is traded on the New York Stock Exchange under the ticker NXDT.
Company profile
Ticker
NXDT, NXDT-PA
Exchange
CEO
James Dondero
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Highland Credit Strategies Fund, NexPoint Credit Strategies Fund, NexPoint Strategic Opportunities Fund, Pyxis Credit Strategies Fund
SEC CIK
Corporate docs
NXDT stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
10 Feb 23
S-8
Registration of securities for employees
6 Feb 23
8-K
Departure of Directors or Certain Officers
31 Jan 23
DEF 14A
Definitive proxy
20 Dec 22
8-K
Entry into a Material Definitive Agreement
12 Dec 22
PRE 14A
Preliminary proxy
9 Dec 22
10-Q
2022 Q3
Quarterly report
14 Nov 22
8-K
Entry into a Material Definitive Agreement
26 Oct 22
8-K
Entry into a Material Definitive Agreement
20 Sep 22
N-CSRS
Certified semi-annual shareholder report (management investment company)
8 Sep 22
Latest ownership filings
4
JAMES D DONDERO
9 Mar 23
SC 13G
ENVESTNET ASSET MANAGEMENT INC
14 Feb 23
SC 13G/A
MORGAN STANLEY
13 Feb 23
SC 13G
VANGUARD GROUP INC
9 Feb 23
4
DUSTIN DAVID NORRIS
5 Jan 23
3
NexPoint Real Estate Finance, Inc.
23 Dec 22
4
JAMES D DONDERO
30 Nov 22
4
JAMES D DONDERO
5 Oct 22
4
JAMES D DONDERO
3 Oct 22
4
JAMES D DONDERO
30 Sep 22
Funds
| Series | Ticker | %Monthly Return ? | $Assets | #Holdings | As of | ||
|---|---|---|---|---|---|---|---|
| NexPoint Diversified Real Estate Trust | – | 1.18 bn | 62 | Jun 2022 | |||
Financial summary
| Quarter (USD) | Sep 22 | |
|---|---|---|
| Revenue | ||
| Cost of revenue | ||
| Operating income | ||
| Operating margin | ||
| Net income | ||
| Net profit margin | ||
| Cash on hand | ||
| Change in cash | ||
| Diluted EPS |
Institutional ownership, Q4 2022
| 13F holders | Current |
|---|---|
| Total holders | 75 |
| Opened positions | 26 |
| Closed positions | 18 |
| Increased positions | 23 |
| Reduced positions | 10 |
| 13F shares | Current |
|---|---|
| Total value | 152.27 bn |
| Total shares | 15.18 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 3.08 mm | $34.55 bn |
| MS Morgan Stanley | 2.07 mm | $23.18 bn |
| Highland Capital Management Fund Advisors | 1.83 mm | $20.46 bn |
| Thomas J. Herzfeld Advisors | 1.21 mm | $13.59 bn |
| Wedbush Securities | 694.34 k | $7.78 mm |
| BLK Blackrock | 434.72 k | $4.87 bn |
| Stonehill Capital Management | 405.15 k | $4.54 bn |
| Nations Financial Group Inc, | 344.32 k | $3.86 bn |
| Camelot Portfolios | 331.60 k | $3.72 bn |
| Geode Capital Management | 325.39 k | $3.65 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 8 Mar 23 | Dondero James D | 5.50% Series A Cumulative Preferred Shares | Buy | Acquire P | Yes | No | 15.83 | 4,900 | 77.57 k | 13,831 |
| 7 Mar 23 | Dondero James D | 5.50% Series A Cumulative Preferred Shares | Buy | Acquire P | Yes | No | 15.93 | 8,931 | 142.27 k | 8,931 |
| 4 Jan 23 | Dustin David Norris | Common Stock | Buy | Acquire P | No | No | 11.3 | 8,910 | 100.68 k | 30,695 |
| 28 Nov 22 | Dondero James D | Common Stock | Buy | Acquire P | Yes | No | 13.83 | 118,673 | 1.64 mm | 1,825,479 |
| 28 Nov 22 | Dondero James D | Common Stock | Sell | Dispose S | Yes | No | 13.83 | 118,673 | 1.64 mm | 1,706,806 |
| 4 Oct 22 | Dondero James D | Common Stock | Buy | Acquire P | Yes | No | 13.24 | 27,781 | 367.82 k | 3,789,355 |
| 3 Oct 22 | Dondero James D | Common Stock | Buy | Acquire P | Yes | No | 12.56 | 12,619 | 158.49 k | 3,761,574 |