NexPoint Strategic Opportunities Fund is a closed ended balanced mutual fund launched by Highland Capital Management, L.P. It is managed by Nexpoint Advisors, L.P. The fund invests in the fixed income markets of the United States. It invests in companies across broadly diversified sectors to construct its portfolio. The fund typically invests in senior loans, secured and unsecured floating and fixed rate loans, bonds, debt obligations of stressed, distressed, and bankrupt issuers, mortgage-backed securities, asset-backed securities, and collateralized debt obligations with a primary focus on below investment grade debt and equity securities. It employs a quantitative analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the Dow Jones Credit Suisse Hedge Fund and the HFRX Global Hedge Fund. It was formerly known as NexPoint Credit Strategies Fund. NexPoint Strategic Opportunities Fund was formed on June 1, 2006 and is domiciled in the United States.
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DALLAS, Aug. 4, 2022 /PRNewswire/ -- NexPoint Diversified Real Estate Trust ("NXDT" or the "Company") (NYSE:NXDT) announced today Dr. Carol Swain and Catherine Wood were appointed to the Board of Trustees effective August 2, 2022. Dr. Carol Swain, an award-winning political scientist and former tenured professor at Princeton and Vanderbilt Universities, is a Distinguished Senior Fellow for Constitutional Studies with the Texas Public Policy Foundation and an educational advisor for American Cornerstone Institute. She has served on the Tennessee Advisory Committee to the U.S. C
Current Trustees Continue to Protect the Interests of the Board, UDF Management, and the Largest Borrower at Shareholders' ExpenseShareholders Should Not Be Misled by UDF IV's Ongoing Attempts to Deflect from the Board's Egregious ActionsDALLAS, Nov. 6, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") today provided an update on United Development Funding IV ("UDF IV" or the "Company"). NexPoint notes that UDF IV's current Board of Trustees continues to deflect attention from the Board's egregious actions and the Company's underperformance by pushing false and misleading narratives about NexPoint. Shareholders should instead focus on the
Quarterly Distribution DALLAS, Oct. 29, 2024 /PRNewswire/ -- NexPoint Diversified Real Estate Trust ("NXDT") (NYSE:NXDT) announced today that its board of trustees has declared a quarterly distribution of $0.15 per common share of NXDT, consisting of a combination of cash and common shares of NXDT. The distribution will be payable on December 31, 2024, to shareholders of record on November 15, 2024. The board of trustees has determined that the cash component of the distribution (other than cash paid in lieu of fractional shares) will not exceed 20% in the aggregate, with the
DALLAS, Oct. 29, 2024 /PRNewswire/ -- NexPoint Diversified Real Estate Trust (NYSE:NXDT) ("NXDT" or the "Company") today announced a dividend for its 5.50% Series A Cumulative Preferred Shares (NYSE:NXDT) ("Preferred Shares") of $0.34375 per share. The dividend will be payable on December 31, 2024, to Preferred Shareholders of record at the close of business December 23, 2024. About NexPoint Diversified Real Estate Trust NexPoint Diversified Real Estate Trust is an externally advised, publicly traded, diversified real estate investment trust (REIT) focused on the acquisition,
DALLAS , Aug. 26, 2024 /PRNewswire/ -- NexPoint Diversified Real Estate Trust ("NXDT") (NYSE:NXDT) announced today that NXDT is scheduled to host a conference call on Tuesday, September 10, 2024, at 4:00 p.m. ET, to discuss portfolio updates and recent performance. To register to attend the call click here or visit NexPoint Diversified Real Estate Trust Website. Attendees may submit questions ahead of the call. Questions can be submitted through the registration link. A replay will be available on NXDT's website after the call. About NexPoint Diversified Real Estate Trust (NYS
DALLAS, July 31, 2024 /PRNewswire/ -- NexPoint Diversified Real Estate Trust (NYSE:NXDT) ("NXDT" or the "Company") today announced a dividend for its 5.50% Series A Cumulative Preferred Shares (NYSE:NXDT) ("Preferred Shares") of $0.34375 per share. The dividend will be payable on September 30, 2024, to Preferred Shareholders of record at the close of business September 23, 2024. About NexPoint Diversified Real Estate Trust NexPoint Diversified Real Estate Trust is an externally advised, publicly traded, diversified real estate investment trust (REIT) focused on the acquisitio
DALLAS, July 31, 2024 /PRNewswire/ -- NexPoint Diversified Real Estate Trust ("NXDT") (NYSE:NXDT) announced today that its board of trustees has declared a quarterly distribution of $0.15 per common share of NXDT, consisting of a combination of cash and common shares of NXDT. The distribution will be payable on September 30, 2024, to shareholders of record on August 15, 2024. The board of trustees has determined that the cash component of the distribution (other than cash paid in lieu of fractional shares) will not exceed 20% in the aggregate, with the balance payable in commo
DALLAS, May 2, 2024 /PRNewswire/ -- NexPoint Diversified Real Estate Trust (NYSE:NXDT) ("NXDT" or the "Company") today announced a dividend for its 5.50% Series A Cumulative Preferred Shares (NYSE:NXDT) ("Preferred Shares") of $0.34375 per share. The dividend will be payable on July 1, 2024, to Preferred shareholders of record at the close of business June 24, 2024. About NexPoint Diversified Real Estate Trust NexPoint Diversified Real Estate Trust is an externally advised, publicly traded, diversified real estate investment trust (REIT) focused on the acquisition, developme
DALLAS, May 2, 2024 /PRNewswire/ -- NexPoint Diversified Real Estate Trust ("NXDT") (NYSE:NXDT) announced today that its board of trustees has declared a quarterly distribution of $0.15 per common share of NXDT, consisting of a combination of cash and common shares of NXDT. The distribution will be payable on June 28, 2024, to shareholders of record on May 15, 2024. The board of trustees has determined that the cash component of the distribution (other than cash paid in lieu of fractional shares) will not exceed 20% in the aggregate, with the balance payable in common shares
DALLAS, Feb. 27, 2024 /PRNewswire/ -- NexPoint Diversified Real Estate Trust ("NXDT") (NYSE:NXDT) announced today the final income allocations of the Company's 2023 dividend distributions on its common shares and preferred shares. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table: Common Shares (CUSIP # 65340G205, NYSE Ticker: NXDT) ExDividendDate Record Date Payable Date Distribution Per Share TaxableOrdinary Income Per Share TaxableCapitalGainDistr. PerShare Return of Capital Per Share Section199ADividendsPer Share Qu
DALLAS, Feb. 5, 2024 /PRNewswire/ -- NexPoint Diversified Real Estate Trust ("NXDT") (NYSE:NXDT) announced today that its board of trustees has declared a quarterly distribution of $0.15 per common share of NXDT, consisting of a combination of cash and common shares of NXDT. The distribution will be payable on March 28, 2024, to shareholders of record on February 16, 2024. The board of trustees has determined that the cash component of the distribution (other than cash paid in lieu of fractional shares) will not exceed 20% in the aggregate, with the balance payable in common s
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Board Continues Deflection Tactics to Avoid Accountability Current Trustees Refuse to Answer Serious Questions, Highlighting Need for New Leadership DALLAS, Nov. 7, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") provided an update on United Development Funding IV ("UDF IV" or the "Company") and the current Board of Trustees election. In a recent letter, NexPoint alerted fellow shareholders of the Company's persistent use of deflection tactics to evade accountability and shift focus away from its own failings. UDF IV has employed these tactics before. The Board and management blamed external parties for
Current Trustees Continue to Protect the Interests of the Board, UDF Management, and the Largest Borrower at Shareholders' ExpenseShareholders Should Not Be Misled by UDF IV's Ongoing Attempts to Deflect from the Board's Egregious ActionsDALLAS, Nov. 6, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") today provided an update on United Development Funding IV ("UDF IV" or the "Company"). NexPoint notes that UDF IV's current Board of Trustees continues to deflect attention from the Board's egregious actions and the Company's underperformance by pushing false and misleading narratives about NexPoint. Shareholders should instead focus on the
Quarterly Distribution DALLAS, Oct. 29, 2024 /PRNewswire/ -- NexPoint Diversified Real Estate Trust ("NXDT") (NYSE:NXDT) announced today that its board of trustees has declared a quarterly distribution of $0.15 per common share of NXDT, consisting of a combination of cash and common shares of NXDT. The distribution will be payable on December 31, 2024, to shareholders of record on November 15, 2024. The board of trustees has determined that the cash component of the distribution (other than cash paid in lieu of fractional shares) will not exceed 20% in the aggregate, with the
DALLAS, Oct. 29, 2024 /PRNewswire/ -- NexPoint Diversified Real Estate Trust (NYSE:NXDT) ("NXDT" or the "Company") today announced a dividend for its 5.50% Series A Cumulative Preferred Shares (NYSE:NXDT) ("Preferred Shares") of $0.34375 per share. The dividend will be payable on December 31, 2024, to Preferred Shareholders of record at the close of business December 23, 2024. About NexPoint Diversified Real Estate Trust NexPoint Diversified Real Estate Trust is an externally advised, publicly traded, diversified real estate investment trust (REIT) focused on the acquisition,
NexPoint Says UDF IV's Refusal to Provide Shareholder Information and Lack of Transparency Is Impeding Fair and Equitable Election as Required by Maryland Law Requests Stay to Enable Communication with Shareholders and Remedy Information Imbalance DALLAS, Oct. 25, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") today announced that it has filed a motion in the Circuit Court for Baltimore City (the "Court") requesting emergency relief to compel United Development Funding IV ("UDF IV" or the "Company") to immediately obtain a non-objecting beneficial owner ("NOBO") list and produce it and all other relevant shareholder lists and related
Learn How to Vote for Change in Critical Board of Trustees Election Hear from Nominee John A. Good on NexPoint's Plan to Protect Your Interests and Maximize Value DALLAS, Oct. 22, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") announced it hosted an informational webinar for fellow shareholders of United Development Funding IV ("UDF IV" or the "Company"), a real estate investment trust, ahead of the Company's upcoming Annual Meeting of Shareholders, which must be held on or before December 31, 2024. The webinar, titled UDF IV Board of Trustees Election: A Critical Vote for Your Investment, is available for replay here: udfaccountabilit
NexPoint Cautions Shareholders Not to Let UDF IV's Attacks Divert from Real Issues DALLAS, Oct. 11, 2024 /PRNewswire/ -- United Development Funding IV ("UDF IV" or the "Company") recently issued a letter to shareholders "raising concerns about the integrity of NexPoint leadership." The letter, which rehashes themes used in previous attacks and include several false claims about NexPoint, are the latest attempt by UDF IV to distract shareholders from both the failures of the current Board of Trustees and the severe mismanagement of the Company that has resulted in a massive loss of value and liquidity. (NexPoint's responses to UDF IV's previous attempts to mislead shareholders can be found he
Vote for NexPoint Nominees to Protect Your Interests and Maximize Value DALLAS, Sept. 24, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") announced today that it has sent a letter to fellow shareholders of United Development Funding IV ("UDF IV" or the "Company"), a real estate investment trust, ahead of the Company's upcoming Annual Meeting of Shareholders, which must be held on or before December 31, 2024. NexPoint's letter addresses numerous misleading statements by UDF IV intended to distract shareholders from the Board of Trustees' many failures. If elected, NexPoint's nominees will implement a p
Urges Shareholders to Vote for Board Change by Supporting NexPoint Nominees DALLAS, Sept. 16, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") announced today that it has sent a letter to fellow shareholders of United Development Funding IV ("UDF IV" or the "Company"), a real estate investment trust, ahead of the Company's upcoming Annual Meeting of Shareholders, which must be held on or before December 31, 2024. NexPoint's letter details how UDF IV's financial statements reveal questionable conduct by the Board of Trustees, leading to significant value erosion. The letter highlights UDF IV's skyrocketing impaired loans, questionable lo
Urges Shareholders to Vote for Board Change by Supporting NexPoint Nominees DALLAS, Sept. 3, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") announced today that it has sent a letter to fellow shareholders of United Development Funding IV ("UDF IV" or the "Company"), a real estate investment trust, ahead of the Company's upcoming Annual Meeting of Shareholders, which must be held on or before December 31, 2024. In its letter, NexPoint urges shareholders to consider the numerous red flags around UDF IV's current Board of Trustees before voting in the Trustee election. Given the incumbent Trustees' track
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Existing home sales in the United States plunged 5.4% in June 2024 from the previous month, marking the steepest monthly drop since November 2022. This decline is attributed to heightened buyer apprehension, as the median sales price reached a record high for the second consecutive month. In June 2024, sales totaled 3.89 million units, a decrease from 4.11 million in May, according to data released Tuesday by the National Association of Realtors (NAR). Year-over-year, sales also fell by 5.4%. The median existing-home price for all housing types in June was $426,900, an all-time high and an increase of 4.1% from $410,100 a year ago. Total housing inventory at the end of June was 1.3
Although U.S. stocks closed higher on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Fortress Biotech The Trade: Fortress Biotech, Inc. (NASDAQ:FBIO) President, CEO and Chairman Lindsay A MD Rosenwald acqui
Large Shareholder to Nominate Four Independent Trustees to Restore Accountability and Transparency Following Criminal Convictions of Members of Former Management Team Dear Fellow Shareholders:The corporate governance failures at United Development Funding IV ("UDF IV" or the "Company") have left shareholders suffering for years with little hope for recovering value. These failures are highlighted in lawsuits from the Securities and Exchange Commission and Department of Justice, resulting in multimillion-dollar fines, criminal convictions, and prison sentences for several former executives. Sadly, these actions have fallen short in providing adequate resolution for shareholders.As major shar
On Tuesday, 647 companies set new 52-week lows. Things to Consider About Today's 52-Week Lows: Bank of America (NYSE:BAC) was the biggest company on a market cap basis to set a new 52-week low. Blue Star Foods (NASDAQ:BSFC) was the smallest company by market cap to set a new 52-week low. Stryve Foods (NASDAQ:SNAX) shares dropped the most, trading down 27.96% to reach its new 52-week low. Royal Bank of Canada (NYSE:RY) shares rebounded the highest, with shares trading up 0.0%, bouncing back after reaching its new 52-week low. Stocks dropping to new 52-week lows on Tuesday: Bank of America (NYSE:BAC) shares set a new yearly low of $26.16 this morning. The stock was down 0.75% on
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. Altisource Asset Management Corporation (NYSE:AAMC) Altisource Asset Management announced departure of CEO Jason Kopcak. "We remain committed to the mortgage
On Thursday, 283 companies set new 52-week lows. 52-Week Low Highlights: The largest company by market cap to set a new 52-week low was Pfizer (NYSE:PFE). Blue Star Foods (NASDAQ:BSFC) was the smallest company when considering market cap to set a new 52-week low. Edible Garden AG (NASDAQ:EDBL) made the largest move down on the session, with shares plummeting 34.15% to reach its 52-week low. Almacenes Exito (NYSE:EXTO) shares bounced back the most, actually rising 0.0% after hiting a new 52-week low. The following stocks created new 52-week lows on Thursday: Pfizer (NYSE:PFE) shares made a new 52-week low of $34.04 on Thursday. The stock was down 0.74% for the day. Walt Disney
On Monday, 120 stocks hit new 52-week lows. Areas of Significance In Today's 52-Week Lows And Highs: Pfizer (NYSE:PFE) was the biggest company on a market cap basis to set a new 52-week low. NovaBay Pharmaceuticals (AMEX:NBY) is the smallest company on a market cap basis to set a new 52-week low. Exela Technologies (NASDAQ:XELA)'s stock fell the most, as it traded down 11462.0% to reach a new 52-week low. AdTheorent Holding (NASDAQ:ADTH)'s stock bounced back the most, actually rising 0.0% after reaching its new 52-week low. Stocks that set new 52-week lows on Monday are as follows: Pfizer (NYSE:PFE) shares reached a new 52-week low of $37.14 on Monday morning, moving down 0.46
On Tuesday, 164 companies hit new 52-week lows. Significant Points From Today's 52-Week Lows: The largest company by market cap to hit a new 52-week low was Crown Castle (NYSE:CCI). Soligenix (NASDAQ:SNGX) was the smallest company by market cap to set a new 52-week low. PRA Group (NASDAQ:PRAA)'s stock made the biggest move downwards, diving 40.16% to reach a new 52-week low. Crown Castle (NYSE:CCI) was the biggest winner of the bunch, with shares actually trading up 0.0% after it rebounded from its new 52-week low. The following stocks created new 52-week lows on Tuesday: Crown Castle (NYSE:CCI) stock achieved a new 52-week low on Tuesday morning, hitting $114.49 and moving 0.
On Thursday, 498 companies reached new 52-week lows. Things to Consider About Today's 52-Week Lows: Pfizer (NYSE:PFE) was the biggest company in terms of market cap to set a new 52-week low. The smallest company by market cap to set a new 52-week low was NovaBay Pharmaceuticals (AMEX:NBY). Mullen Automotive (NASDAQ:MULN)'s stock traded down the lowest, falling 2028.33% to reach a new 52-week low. Innoviz Technologies (NASDAQ:INVZ) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low. The following stocks created new 52-week lows on Thursday: Pfizer (NYSE:PFE) stock drifted down 0.18% on Thursday morning to hit a new 52-week low of $38.02. C
On Friday, 469 companies hit new 52-week lows. Noteworthy Points From Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was Bank of America (NYSE:BAC). TC BioPharm (Holdings) (NASDAQ:TCBP) was the smallest firm by market cap to set a new 52-week low. Silvergate Capital (NYSE:SI) made the largest move down on the session, with shares plummeting 74.5% to reach its 52-week low. BlackRock TCP Cap (NASDAQ:TCPC) saw the biggest bounce back on, as shares traded up 0.0% to rebound after it hit its new 52-week low. On Friday, the following stocks hit new 52-week lows: Bank of America (NYSE:BAC) stock hit a yearly low of $26.32. The stock was down 2.21% fo