DALLAS--(BUSINESS WIRE)--NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that NXRT expects to pay a quarterly dividend of $0.206 per share of NXRT common stock for the second quarter of 2015. NXRT expects its board of directors to declare the quarterly dividend during the second quarter and the dividend to be paid on June 30, 2015 to stockholders of record on June 15, 2015.
About NexPoint Residential Trust
NexPoint Residential Trust will be a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on directly or indirectly acquiring, owning, operating and selectively developing well-located Class A and B multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern United States and Texas. NXRT is externally advised by NexPoint Real Estate Advisors, L.P., an affiliate of Highland Capital Management, L.P., a leading global alternative asset manager and an SEC-registered investment adviser. More information about NXRT is available at http://www.NexPointLiving.com.
Cautionary Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based on management's current expectations, assumptions and beliefs. Forward-looking statements can often be identified by words such as “expect” and similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, statements regarding NXRT’s second quarter dividend and the operation of NXRT following the spin-off. They are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement.
Readers should not place undue reliance on any forward-looking statements and are encouraged to review NXRT’s final information statement and NXRT’s Form 10 registration statement, filed with the SEC, for a more complete discussion of the risks and other factors that could affect any forward-looking statements. Except as required by the federal securities laws, NXRT does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release, except as required by law.
