NexPoint Hospitality Trust Amends Declaration of Trust

DALLAS and TORONTO, Dec. 23, 2024 /CNW/ -- NexPoint Hospitality Trust ("NHT" or the "REIT"¹), (TSXV:NHT-U.VN) announced today amendments (the "Amendments") to its amended and restated declaration of trust (the "Declaration of Trust") to allow the REIT to hold its annual meeting of unitholders (the "Unitholders") together with the special meeting of Unitholders that will be called to consider the approval of the merger transaction announced on November 25, 2024 with NexPoint Diversified Real Estate Investment Trust (the "Merger Transaction"). Under the current terms of the Declaration of Trust, the REIT is required to hold its annual meeting of Unitholders by December 31, 2024 but will not meet that date due to delays in finalizing the information circular for the Unitholder meeting to be held to consider approval of the Merger Transaction. The Amendments will allow the REIT to hold its annual meeting on a date not more than 15 months after the last preceding annual meeting of Unitholders or on such later date as may be approved by the TSX Venture Exchange (the "TSXV"). The TSXV has granted the REIT a three-month extension until April 26, 2025 to hold the annual meeting. The REIT intends to file an amended notice of meeting shortly to set the record date and meeting date for an annual and special meeting of Unitholders to consider approval of the REIT's annual business as well as the Merger Transaction and certain other matters (the "Meeting") and expects to hold the Meeting prior to February 28, 2025. In accordance with Section 9.15 of the Declaration of Trust, the Amendments were approved by Unitholders, holding, in aggregate, at least two-thirds of trust units of the REIT.