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Stock impact report

NXRT Comments Further On HCMLP Share Ownership

NexPoint Residential Trust, Inc. (NXRT) 
Last nexpoint residential trust, inc. earnings: 2/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: nexpointliving.com
Company Research Source: PR Newswire
DALLAS, Oct. 16, 2019 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or "the Company") (NYSE:NXRT) released information regarding the voluntary Chapter 11 bankruptcy filing from Highland Capital Management, L.P. ("HCMLP"). HCMLP directly holds an immaterial amount of NXRT, totaling approximately 3.95% of market cap or less than one million shares. The other NXRT shares that are reported as owned by officers, directors and other affiliates are not subject to the HCMLP bankruptcy filing.The Company does not expect any shares held by HCMLP to be sold for months to come, if at all, as a result of HCMLP's filing.About NXRTNexPoint 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 Southweste Show less Read more
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