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Nexpoint Residential Trust Announces 2024 Dividend Income Tax Treatment

1. NexPoint Residential Trust announced 2024 dividend distributions for common stock. 2. Dividends total $1.89726 per share, affecting cash flow for NXRT. 3. Taxable capital gains include $1.28868 per share for 2024 distributions. 4. Ex-dividend dates set for March, June, September, and December 2024.

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FAQ

Why Bullish?

The announcement of dividends typically boosts investor confidence and signals financial stability. Past dividend announcements have positively influenced REIT prices.

How important is it?

Dividend announcements in REITs can significantly impact investor interest and liquidity. Given NXRT's focus on middle-income multifamily properties, this indicates potential cash flow health.

Why Short Term?

Dividends are often linked to immediate investor reactions and influence short-term trading activity. This aligns with typical market behavior around dividend announcements.

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NXRT
, /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today the final income allocations of the Company's 2024 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 Dividend Date Record Date Payable Date Distribution Per Share Taxable Ordinary Income Per Share (1) Taxable Capital Gain Distr. Per Share (2)(3) Unrecap. Sec. 1250 Gain Per Share Return of Capital Per Share 3/14/2024 3/15/2024 3/28/2024 $0.46242 $0.00000 $0.31409 $0.19558 $0.14833 6/14/2024 6/14/2024 6/28/2024 $0.46242 $0.00000 $0.31409 $0.19558 $0.14833 9/13/2024 9/13/2024 9/30/2024 $0.46242 $0.00000 $0.31409 $0.19558 $0.14833 12/13/2024 12/13/2024 12/31/2024 $0.51000 $0.00000 $0.34641 $0.21571 $0.16359 Totals $1.89726 100.00% $0.00000 $1.28868 67.92% $0.80245 $0.60858 32.08% (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 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 2024 distributions, since all capital gain dividends relate to Section 1231 gains. (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 2024 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 RelationsKristen (Thomas) Giffith[email protected] Media RelationsProsek Partners for NexPoint[email protected] SOURCE NexPoint Residential Trust, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

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