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Nexpoint Residential Trust Announces 2024 Dividend Income Tax Treatment
DALLAS, Jan. 30, 2025 /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 |
Record |
Payable |
Distribution | Taxable Per Share (1) | Taxable Per Share (2)(3) | Unrecap. Gain |
Return of |
| 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 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.
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