Tender Offer - NEXPOINT REAL ESTATE STRATEGIES FUND

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Form Type: N-23C3A

Filing Date: 2025-05-16

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525121421

Filing Summary: On May 16, 2025, NexPoint Real Estate Strategies Fund announced a quarterly repurchase offer for its shares. The repurchase program allows for the buyback of up to 5.0% of its outstanding Class A, Class C, and Class Z shares at the net asset value (NAV) as of the close of the New York Stock Exchange on the repurchase pricing date, which is June 17, 2025. This offer aims to provide liquidity to shareholders since the shares of the Fund are not redeemable daily and do not trade on an exchange. Shareholders interested in participating must submit a repurchase request through their financial intermediary by the Repurchase Request Deadline, which is set for June 17, 2025, at 4:00 p.m. ET. The Fund will attempt to honor all requests but may not be able to repurchase all shares tendered if the offer is oversubscribed. The document outlines the process for participating, the implications of submitting a request, and tax consequences that may arise from the repurchase.

Additional details:

Investment Company Name: NexPoint Real Estate Strategies Fund

Repurchase Period Start: 2025-05-16

Repurchase Period End: 2025-06-17

Nav Class A: 14.98

Nav Class C: 15.20

Nav Class Z: 15.20

Repurchase Request Deadline: 2025-06-17

Repurchase Pricing Date: 2025-06-17

Contact Number: 844-485-9167

Form Type: N-23C3A

Filing Date: 2025-02-21

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525031937

Filing Summary: NexPoint Real Estate Strategies Fund is initiating a Share Repurchase Offer for shareholders, providing liquidity through a quarterly repurchase program. The repurchase offer begins on February 21, 2025, and concludes at 4:00 p.m. ET on March 24, 2025. The Fund is offering to repurchase up to 5.0% of its outstanding Class A, Class C, and Class Z shares at net asset value (NAV). Shareholders interested in participating must contact their Authorized Intermediary or submit a Repurchase Request Form to the Fund's transfer agent before the Repurchase Request Deadline. The repurchase proceeds are expected within seven calendar days after the Repurchase Pricing Date. The offer is not conditioned on a minimum number of shares being tendered, although there is no assurance that all shares tendered will be repurchased, especially if the offer is oversubscribed. Special tax implications apply to shareholders participating in the offer, and the Fund may charge transaction fees through Authorized Intermediaries. The NAV of shares will fluctuate during the repurchase process, affecting the final repurchase price.

Additional details:

Investment Company Name: NexPoint Real Estate Strategies Fund

Principal Office Address: 300 Crescent Court, Suite 700, Dallas, Texas 75201

Repurchase Offer Start Date: 2025-02-21

Repurchase Request Deadline: 2025-03-24

Expected Repurchase Proceeds Distribution: within seven calendar days after the Repurchase Pricing Date

Class A Nav: 16.03

Class C Nav: 16.25

Class Z Nav: 16.26

Maximum Repurchase Percent: 5.0

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