Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2352

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2352
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 with “NXDT Meeting” in the subject line and provide your name and address in the body of the email. EQ will then email you the registration link for the annual meeting. If you would like to vote during the annual meeting, you may do so by entering the control number found on your proxy card.

Requests to attend the annual meeting must be received by EQ no later than 2:00 p.m. Central Time on Monday, June 10, 2024. On the date of the annual meeting, shareholders are encouraged to log on 15 minutes before the meeting start time. Please contact EQ at (866) 530-8636 with any questions regarding accessing the annual meeting.

Your vote is very important. Whether or not you plan to virtually attend at the annual meeting, please vote using the internet or telephone procedures described on the proxy card or sign, date and promptly mail a proxy card in the provided pre-addressed, postage paid envelope. If you would like to vote during the annual meeting, you may do so by entering the control number found on your proxy card.

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TABLE OF CONTENTS</div>

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| PROPOSAL 1 ELECTION OF TRUSTEES                                                                                            |  4 |
| PROPOSAL 2 ADVISORY VOTE TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS                                       |  7 |
| PROPOSAL 3 RATIFICATION OF APPOINTMENT OF KPMG LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2023 |  8 |
| THE BOARD, ITS COMMITTEES AND ITS COMPENSATION                                                                             |  9 |
| EXECUTIVE OFFICERS                                                                                                         | 17 |
| EXECUTIVE COMPENSATION                                                                                                     | 18 |
| SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLAN                                                          | 24 |
| CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS                                                                       | 25 |
| POLICIES WITH RESPECT TO CERTAIN ACTIVITIES                                                                                | 34 |
| SECURITY OWNERSHIP OF CERTAIN BENEFICIAL HOLDERS AND MANAGEMENT                                                            | 41 |
| AUDIT COMMITTEE REPORT                                                                                                     | 43 |
| SHAREHOLDER PROPOSALS FOR THE 2025 ANNUAL MEETING OF SHAREHOLDERS                                                          | 44 |
| MULTIPLE SHAREHOLDERS SHARING ONE ADDRESS                                                                                  | 45 |
| OTHER MATTERS