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NexPoint Hospitality Trust Amends COVID Loans

Newswire.ca - Mon Oct 30, 2023

DALLAS and TORONTO, Oct. 30, 2023 /CNW/ -- NexPoint Hospitality Trust ("NHT" or the "REIT") (TSX-V: NHT.U) announced today that it has entered into certain amendments (the "Amendments") with each of the lenders in respect of the convertible promissory notes issued by NHT between June 2021 and September 2022 (the "COVID Loans"). For further details on the Amendments, please see the REIT's management information circular dated September 11, 2023.  The Amendments, which were made at the request of the TSX Venture Exchange, constituted related party transactions under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, and were approved by the requisite majority of disinterested unitholders at NHT's annual and special meeting of unitholders held on October 26, 2023.

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