SEPARATION AND DISTRIBUTION AGREEMENT by and among NEXPOINT CREDIT STRATEGIES FUND FREEDOM REIT, LLC, NEXPOINT RESIDENTIAL TRUST, INC., and NEXPOINT RESIDENTIAL TRUST OPERATING PARTNERSHIP, L.P. dated as of March 11, 2015Separation and Distribution Agreement • March 12th, 2015 • NexPoint Residential Trust, Inc. • Real estate investment trusts • New York
This SEPARATION AND DISTRIBUTION AGREEMENT (this “Agreement”) is entered into as of March 11, 2015 (the “Effective Date”) by and among NEXPOINT CREDIT STRATEGIES FUND, a Delaware statutory trust (“NHF”), FREEDOM REIT, LLC, a Delaware limited liability company (“Freedom REIT”), NEXPOINT RESIDENTIAL TRUST, INC., a Maryland corporation (“NXRT”), and NEXPOINT RESIDENTIAL TRUST OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (“NXRT OP”). Capitalized terms used but not otherwise defined herein shall have the respective meanings set forth in Section 1.1.
