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NexPoint Credit Strategies Fund ( (NHF) ) has shared an update.
On January 30, 2025, NexPoint Diversified Real Estate Trust announced the launch of a public offering of up to 16,000,000 shares of its 9.00% Series B Cumulative Redeemable Preferred Shares, valued at $25.00 per share, aiming to raise $400 million. The offering, managed by NexPoint Securities, Inc., is set to terminate either once all shares are sold or by August 1, 2027, with the net proceeds intended for core investment opportunities and general corporate purposes. The move underscores NexPoint’s strategy to leverage its expertise across various sectors, although the company does not plan to list these shares on any national securities exchange, thereby limiting liquidity options for investors.
More about NexPoint Credit Strategies Fund
NexPoint Diversified Real Estate Trust is a publicly traded, externally advised real estate investment trust (REIT) based in Dallas, Texas. The company focuses on the acquisition, development, and management of opportunistic and value-add investments across multiple sectors in the United States, leveraging the operational expertise of NexPoint and its affiliates.
YTD Price Performance: 133.39%
Average Trading Volume: 97,285
See more insights into NHF stock on TipRanks’ Stock Analysis page.
