NEXPOINT DIVERSIFIED REAL ESTATE TRUST
For the period ended Mar 31, 2026. Filed May 15, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 15, 2026
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Unregistered Sales of Equity Securities and Use of Proceeds
Repurchase of Shares
On October 28, 2024, the Board authorized a share repurchase program through which the Company may repurchase an indeterminate number of common shares and Series A Preferred Shares at an aggregate market value of up to $20.0 million during a two-year period that is set to expire on October 28, 2026. We may utilize various methods to effect the repurchases, and the timing and extent of the repurchases will depend upon several factors, including market and business conditions, regulatory requirements and other corporate considerations, including whether our common shares or Series A Preferred Shares are trading at a significant discount to NAV per share. During the three months ended March 31, 2026, the Company repurchased 515,437 of its common shares at a total cost of approximately $2.2 million, or $4.37 per share on average. Since the inception of the share repurchase program through March 31, 2026, the Company had repurchased 1,077,594 of its common shares at a total cost of approximately $4.1 million, or $3.84 per share.
| Period | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that may yet be Purchased under the Plans or Programs (in millions) |
|---|---|---|---|---|
| Beginning Total | 562,157 | $3.35 | 562,157 | $18.1 |
| January 1 – January 31 | 194,376 | 3.86 | 194,376 | 17.4 |
| February 1 – February 28 | 156,037 | 4.81 | 156,037 | 16.6 |
| March 1 – March 31 | 165,024 | 4.54 | 165,024 | 15.9 |
| Total as of March 31, 2026 | 1,077,594 | $3.84 | 1,077,594 | $15.9 |
On January 16, 2026, the Company issued a total of 212,863.17 common shares of the Company to the Adviser as payment of a portion of the monthly Advisory fees pursuant to the Advisory Agreement. These shares were issued to the Adviser in a private placement in reliance upon Section 4(a)(2) of the Securities Act.
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