TSX VENTURE COMPANIES
BULLETIN V2025-1143
NEXPOINT HOSPITALITY TRUST ("NHT.U")
BULLETIN TYPE: Amalgamation, Delist
BULLETIN DATE: April 21, 2025
TSX Venture Tier 2 Company
Effective at the close of business on Tuesday, April 22, 2025, the units of NexPoint Hospitality Trust ("NHT") will be delisted from TSX Venture Exchange. The delisting of NHT units results from the completion of a merger, pursuant to an Agreement and Plan of Merger dated November 22, 2024, between NHT, its subsidiaries and NexPoint Diversified Real Estate Trust (the "Buyer"), whereby NHT was dissolved and its subsidiary entities merged with and into entities owned or controlled, directly or indirectly, by the Buyer (the "Merger"), which was approved by the NHT's unitholders (the "Unitholders") on February 21, 2025.
Under the terms of the Merger, each Unitholder will receive, for each unit of the NHT (a "Unit"), either US$0.36 cash per Unit or common shares of the Buyer (the "Buyer Common Shares") equal to the quotient of US$0.36 divided by the volume weighted average price of the Buyer Common Shares quoted on the New York Stock Exchange for the ten (10) trading days prior to closing of the Merger. To receive the elected compensation, Unitholders must return their properly completed documents, including each applicable Letter of Transmittal and Election, and the certificate(s) representing their Units to the TSX Trust Company, as further disclosed in the Management Information Circular dated January 21, 2025.
For further details, please refer to NHT's Management Information Circular dated January 21, 2025 and news releases dated November 25, 2024, February 14, 2025, February 21, 2025, April 15, 2025 and April 17, 2025.
_______________________________________
|
|
