DALLAS and TORONTO, May 11, 2023 /CNW/ -- NexPoint Hospitality Trust ("NHT" or the "REIT") (TSX-V: NHT.U) announced today that on May 10, 2023, NHT Holdco, LLC ("Holdco"), an entity controlled by James Dondero, Chief Executive Officer of the REIT, transferred 689,962 units in the capital of the REIT ("Units") to Highland Capital Management L.P. ("Highland"). This transfer was effected pursuant to a Limited Liability Company Agreement of Holdco, whereby Highland (who held 689,962 membership units in Holdco) was granted the right to withdraw from Holdco and Holdco was obligated to distribute to Highland its allocable share of Holdco's assets pursuant to an in kind distribution (the "Disposition"). No consideration was paid in connection with the Disposition.
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