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 NXRT
NexPoint 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 Southwestern United States. NXRT is externally
advised by NexPoint Real Estate Advisors, L.P.
Cautionary Notice Regarding Forward-Looking
Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 that are based on management's current
expectations, assumptions and beliefs. Forward-looking statements
can often be identified by words such as "expect," "intend" and
similar expressions, and variations or negatives of these words.
These forward-looking statements include, but are not limited to,
statements regarding expected sales of shares, if at all.
Forward-looking statements are not guarantees of future results and
are subject to risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed in
any forward-looking statement. Readers should not place undue
reliance on any forward-looking statements and are encouraged to
review the Company's Annual Report on Form 10-K for the year ended
December 31, 2018 and the Company's
other filings with the Securities and Exchange Commission for a
more complete discussion of the risks and other factors that could
affect any forward-looking statement. Except as required by law,
the Company does not undertake any obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events, changing circumstances or any other
reason after the date of this press release
Contact:
Jackie
Graham
Investor Relations
972-628-4024
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SOURCE NexPoint Residential Trust, Inc.