Nexpoint Residential Trust Announces 2024 Dividend Income Tax Treatment

PR Newswire

DALLAS, Jan. 30, 2025

DALLAS, Jan. 30, 2025 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") $(NXRT)$ 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)

 
                                                       Taxable     Taxable 
                                                       Ordinary    Capital       Unrecap.   Return 
                                                       Income        Gain          Sec.       of 
     Ex                                                Per        Distr. Per       1250     Capital 
  Dividend      Record       Payable    Distribution   Share        Share        Gain Per     Per 
    Date         Date         Date       Per Share     (1)          (2)(3)        Share      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 
-----------  -----------  -----------  -------------  ---------  -----------  -----------  -------- 
                                          $1.89726                  $1.28868               $0.60858 
 
                Totals                     100.00%    $0.00000       67.92%    $0.80245     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 Relations

Kristen (Thomas) Giffith

IR@nexpoint.com

Media Relations

Prosek Partners for NexPoint

pro-nexpoint@prosek.com

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SOURCE NexPoint Residential Trust, Inc.

(END) Dow Jones Newswires

January 30, 2025 18:30 ET (23:30 GMT)