DALLAS and TORONTO, Oct. 6, 2023
/CNW/ -- NexPoint Hospitality Trust ("NHT" or the
"REIT"), (TSX-V: NHT.U) announced today that it intends to
adjourn the annual and special meeting of unitholders (the
"Meeting") currently scheduled for Thursday, October 12, 2023 at 10:00 a.m. (Toronto time), and to reconvene the Meeting on
Thursday, October 26, 2023 at
10:00 a.m. (Toronto time). To implement the adjournment,
the Meeting will still be convened on October 12, 2023 but it will be immediately
adjourned. Other than a motion to adjourn the Meeting, there will
be no voting or other matters conducted at the Meeting.
The REIT is adjourning the Meeting in order to accommodate the
hearing of an application filed with the Capital Markets Tribunal
(the "Tribunal") seeking additional disclosure with regard
to the resolution to be considered at the Meeting approving certain
amendments to the COVID Loans (as defined in the REIT's management
information circular dated September 11,
2023). The REIT believes that the Circular includes all
required information, however, has agreed to adjourn the Meeting in
order to accommodate timing for a hearing before the Tribunal.
No changes have been, or are expected to be, made to the record
date or the proposals to be brought before the Meeting, which are
presented in the Circular. All proxies submitted to date remain
valid including those submitted after the original proxy deadline
for the Meeting. Given the adjournment, proxies may now be received
by the REIT's transfer agent, TSX Trust Company, until Tuesday, October 24 at 10:00 a.m. (Toronto time).
About NHT
NexPoint Hospitality Trust is a publicly
traded real estate investment trust, with its Units listed on the
TSX Venture Exchange under the ticker NHT.U. NHT is focused on
acquiring, owning and operating well-located hospitality properties
in the United States that offer a
high current yield and in many cases are underperforming assets
with the potential to increase in value through investments in
capital improvements, a market-based recovery, brand repositioning,
revenue enhancements, operational improvements, expense
inefficiencies, and exploiting excess land or underutilized space.
NHT owns 9 branded properties sponsored by Marriott, Hilton, Hyatt,
and Intercontinental Hotels Group, located across the U.S. NHT is
externally advised by NexPoint Real Estate Advisors VI, L.P.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contact:
Investor Relations
IR@nexpoint.com
Media Inquiries
MediaRelations@nexpoint.com
SOURCE NexPoint Hospitality Trust