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0 0 0 0.00895195176907618 0.00797758967176178 0.0135600755130625 0.00794714085622073 0.00992631386639057
Stock impact report

NexPoint Hospitality Trust to be Acquired by NexPoint Diversified Real Estate Trust [Yahoo! Finance]

Raymond James Financial, Inc. (RJF) 
Last raymond james financial, inc. earnings: 4/29 04:35 pm Check Earnings Report
US:NYSE Investor Relations: raymondjames.com/investor-relations
Company Research Source: Yahoo! Finance
Trust (NYSE: NXDT) (" NXDT ") today announced the execution of a definitive agreement (the " Merger Agreement ") on November 22, 2024 , pursuant to which the REIT will be dissolved and its subsidiary entities merged with and into entities owned or controlled, directly or indirectly, by NXDT (the " Transaction "). Pursuant to the Transaction, each REIT unitholder (the " Unitholders ") will receive, for each trust unit of the REIT (a " Unit "), either US$0.36 cash per Unit or common shares of NXDT (the " NXDT Common Shares ") equal to the quotient of US$0.36 divided by the volume weighted average price of the NXDT Common Shares quoted on the New York Stock Exchange for the ten (10) trading days prior to closing of the Transaction. Subject to the satisfaction of all conditions precedent, the Transaction is expected to be completed in the first quarter of 2025. Upon closing of the Transaction, the REIT's Units will be delisted from the TSX Venture Exchange (the " TSXV "). Raymond James Li Show less Read more
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