0001193125-20-038491.txt : 20200214 0001193125-20-038491.hdr.sgml : 20200214 20200214165032 ACCESSION NUMBER: 0001193125-20-038491 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200214 DATE AS OF CHANGE: 20200214 GROUP MEMBERS: JAMES D. DONDERO GROUP MEMBERS: NEXPOINT ADVISORS GP, LLC GROUP MEMBERS: NEXPOINT ADVISORS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Postal Realty Trust, Inc. CENTRAL INDEX KEY: 0001759774 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 832586114 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-91013 FILM NUMBER: 20621343 BUSINESS ADDRESS: STREET 1: 75 COLUMBIA AVE CITY: CEDARHURST STATE: NY ZIP: 11516 BUSINESS PHONE: 576-295-7820 MAIL ADDRESS: STREET 1: 75 COLUMBIA AVE CITY: CEDARHURST STATE: NY ZIP: 11516 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NexPoint Strategic Opportunities Fund CENTRAL INDEX KEY: 0001356115 IRS NUMBER: 800139099 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 200 CRESCENT COURT STREET 2: SUITE 700 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 972-628-4100 MAIL ADDRESS: STREET 1: 200 CRESCENT COURT STREET 2: SUITE 700 CITY: DALLAS STATE: TX ZIP: 75201 FORMER COMPANY: FORMER CONFORMED NAME: NexPoint Credit Strategies Fund DATE OF NAME CHANGE: 20120702 FORMER COMPANY: FORMER CONFORMED NAME: Pyxis Credit Strategies Fund DATE OF NAME CHANGE: 20120109 FORMER COMPANY: FORMER CONFORMED NAME: Highland Credit Strategies Fund DATE OF NAME CHANGE: 20060314 SC 13G 1 d846647dsc13g.htm SC 13G SC 13G

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO

RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

 

Postal Realty Trust, Inc.

(Name of Issuer)

Class A Common Stock, $0.01 par value per share

(Title of Class of Securities)

73757R102

(CUSIP Number)

December 31, 2019

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

 

Rule 13d-1(b)

 

 

Rule 13d-1(c)

 

 

Rule 13d-1(d)

 

 

 


CUSIP No. 73757R102    13G    Page 2 of 9

 

 

  1    

NAME OF REPORTING PERSONS

 

NexPoint Strategic Opportunities Fund

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING PERSON

WITH

   5      

SOLE VOTING POWER

 

357,117**

   6   

SHARED VOTING POWER

 

0**

   7   

SOLE DISPOSITIVE POWER

 

357,117**

   8   

SHARED DISPOSITIVE POWER

 

0**

  9    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

357,117**

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

6.8%**

12  

TYPE OF REPORTING PERSON*

 

IV, OO

 

*

SEE INSTRUCTIONS BEFORE FILLING OUT

**

SEE ITEM 4


CUSIP No. 73757R102    13G    Page 3 of 9

 

 

  1    

NAME OF REPORTING PERSONS

 

NexPoint Advisors, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING PERSON

WITH

   5      

SOLE VOTING POWER

 

0**

   6   

SHARED VOTING POWER

 

357,117**

   7   

SOLE DISPOSITIVE POWER

 

0**

   8   

SHARED DISPOSITIVE POWER

 

357,117**

  9    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

357,117**

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

6.8%**

12  

TYPE OF REPORTING PERSON*

 

IA, PN

 

*

SEE INSTRUCTIONS BEFORE FILLING OUT

**

SEE ITEM 4.


CUSIP No. 73757R102    13G    Page 4 of 9

 

 

  1    

NAME OF REPORTING PERSONS

 

NexPoint Advisors GP, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING PERSON

WITH

   5      

SOLE VOTING POWER

 

0

   6   

SHARED VOTING POWER

 

357,117**

   7   

SOLE DISPOSITIVE POWER

 

0

   8   

SHARED DISPOSITIVE POWER

 

357,117**

  9    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

357,117**

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

6.8%**

12  

TYPE OF REPORTING PERSON*

 

HC, OO

 

*

SEE INSTRUCTIONS BEFORE FILLING OUT

**

SEE ITEM 4.


CUSIP No. 73757R102    13G    Page 5 of 9

 

 

  1    

NAME OF REPORTING PERSONS

 

James D. Dondero

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING PERSON

WITH

   5      

SOLE VOTING POWER

 

0

   6   

SHARED VOTING POWER

 

357,117**

   7   

SOLE DISPOSITIVE POWER

 

0

   8   

SHARED DISPOSITIVE POWER

 

357,117**

  9    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

357,117**

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

6.8%**

12  

TYPE OF REPORTING PERSON*

 

HC, IN

 

*

SEE INSTRUCTIONS BEFORE FILLING OUT

**

SEE ITEM 4.


SCHEDULE 13G

This Schedule 13G (this “Schedule 13G”) is being filed on behalf of NexPoint Strategic Opportunities Fund, a Delaware statutory trust (the “Strategic Fund”), NexPoint Advisors, L.P., a Delaware limited partnership (“NexPoint”), NexPoint Advisors GP, LLC, a Delaware limited liability company (“NexPoint GP”), and James D. Dondero (collectively, the “Reporting Persons”).

James D. Dondero is the President of NexPoint GP. NexPoint GP is the general partner of NexPoint. This Schedule 13G relates to the Class A Common Stock, $0.01 par value per share (the “Common Stock”), of Postal Realty Trust, Inc., a Maryland corporation (the “Issuer”), held by the Strategic Fund.

 

Item 1(a)

Name of Issuer.

Postal Realty Trust, Inc.

 

Item 1(b)

Address of Issuer’s Principal Executive Offices.

75 Columbia Avenue

Cedarhurst, NY 11516

 

Item 2(a)

Name of Person Filing.

(1) NexPoint Strategic Opportunities Fund

(2) NexPoint Advisors, L.P.

(3) NexPoint Advisors GP, LLC

(4) James D. Dondero

 

Item 2(b)

Address of Principal Business Office, or, if none, Residence.

For all Filers:

300 Crescent Court, Suite 700

Dallas, Texas 75201

 

Item 2(c)

Citizenship or Place of Organization.

(1) NexPoint Strategic Opportunities Fund is a Delaware statutory trust

(2) NexPoint Advisors, L.P. is a Delaware limited partnership

(3) NexPoint Advisors GP, LLC is a Delaware limited liability company

(4) James D. Dondero is a United States citizen

 

Item 2(d)

Title of Class of Securities.

Class A Common Stock, $0.01 par value per share

 

Item 2(e)

CUSIP Number.

73757R102

 

6


Item 3

Reporting Person.

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a:

 

(a)       Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b)       Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)       Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d)       Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e)       An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E).
(f)       An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
(g)       A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
(h)       A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i)       A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
(j)       Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

Item 4

Ownership.

 

  (a)

The Strategic Fund may be deemed the beneficial owner of 357,117 shares of Common Stock that it holds directly.

As the investment advisor of the NexPoint Funds, NexPoint and NexPoint GP, as the general partner of NexPoint, may be deemed the beneficial owners of the 357,117 shares of Common Stock held by the NexPoint Funds.

Mr. Dondero may be deemed the beneficial owner of the 357,117 shares of Common Stock held by the Strategic Fund.

 

7


  (b)

The Strategic Fund may be deemed the beneficial owner of 6.8% of the outstanding Common Stock. This percentage was determined by dividing 357,117, the number of shares of Common Stock held directly by the Strategic Fund, by 5,285,904, which is the number of shares of Common Stock outstanding as of November 11, 2019 according to the Issuer’s Quarterly Report on Form 10-Q filed with the Securities Exchange Commission on November 12, 2019.

NexPoint and NexPoint GP may be deemed the beneficial owner of 6.8% of the outstanding Common Stock. This percentage was determined by dividing 357,117, the number of shares of Common Stock held directly by the NexPoint Funds, by 5,285,904, which is the number of shares of Common Stock outstanding as of November 11, 2019 according to the Issuer’s Quarterly Report on Form 10-Q filed with the Securities Exchange Commission on November 12, 2019.

Mr. Dondero may be deemed the beneficial owner of 6.8% of the outstanding Common Stock. This percentage was determined by dividing 357,117, the number of shares of Common Stock held directly by the Strategic Fund, by 5,285,904, which is the number of shares of Common Stock outstanding as of November 11, 2019 according to the Issuer’s Quarterly Report on Form 10-Q filed with the Securities Exchange Commission on November 12, 2019.

 

  (c)

The Strategic Fund has the sole power to vote and dispose of the 357,117 shares of Common Stock that it holds directly.

NexPoint and NexPoint GP have the shared power to vote and dispose of the 357,117 shares of Common Stock held by the Strategic Fund.

Mr. Dondero has the the shared power to vote and dispose of the 357,117 shares of Common Stock held by the Strategic Fund.

 

Item 5

Ownership of Five Percent or Less of a Class.

Inapplicable.

 

Item 6

Ownership of More Than Five Percent on Behalf of Another Person.

Inapplicable.

 

Item 7

Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.

Inapplicable.

 

Item 8

Identification and Classification of Members of the Group.

Inapplicable.

 

8


Item 9

Notice of Dissolution of Group.

Inapplicable.

 

Item 10

Certification.

By signing below each of the Reporting Persons certifies that, to the best of such person’s knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

Exhibits

Exhibit 99-1

Joint Filing Agreement, dated February 14, 2020, by and among the Strategic Fund, NexPoint, NexPoint GP and James D. Dondero.

 

9


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 14, 2020

 

NEXPOINT STRATEGIC OPPORTUNITIES FUND
By:   NexPoint Advisors, L.P., its investment manager
By:   NexPoint Advisors GP, LLC, its general partner
  By:  

/s/ Lauren Thedford

  Name: Lauren Thedford
  Title: Secretary
NEXPOINT ADVISORS, L.P.
By:   NexPoint Advisors GP, LLC, its general partner
  By:  

/s/ Lauren Thedford

  Name: Lauren Thedford
  Title: Secretary
NEXPOINT ADVISORS GP, LLC
  By:  

/s/ Lauren Thedford

  Name: Lauren Thedford
  Title: Secretary

/s/ James D. Dondero

James D. Dondero

 

10

EX-99.1 2 d846647dex991.htm EX-99.1 EX-99.1

EXHIBIT 99-1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Class A Common Stock, $0.01 par value per share, of Postal Realty Trust, Inc., a Maryland corporation, and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filings.

The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.

This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.

[Signature Page Follows]


IN WITNESS WHEREOF, the undersigned have executed this Agreement as of February 14, 2020.

 

NEXPOINT STRATEGIC OPPORTUNITIES FUND
By:   NexPoint Advisors, L.P., its investment manager
By:   NexPoint Advisors GP, LLC, its general partner
  By:  

/s/ Lauren Thedford

  Name: Lauren Thedford
  Title: Secretary
NEXPOINT ADVISORS, L.P.
By:   NexPoint Advisors GP, LLC, its general partner
  By:  

/s/ Lauren Thedford

  Name: Lauren Thedford
  Title: Secretary
NEXPOINT ADVISORS GP, LLC
  By:  

/s/ Lauren Thedford

  Name: Lauren Thedford
  Title: Secretary

/s/ James D. Dondero

James D. Dondero