Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 222

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 222
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 Trustee, within 30 days of such appointment or election with respect to compensation paid for services to be performed after such date. Elections are irrevocable for the year in respect of which they are made.

In respect of fiscal 2022, the total value of Trustee Fees payable to the Independent Trustees was $181,500 ($90,750 of which was payable to Mr. Labatte, $70,750 of which was payable to Mr. Senst, and $20,000 of which was payable to Mr. Patava). Mr. Labatte, Mr. Senst and Mr. Patava elected to receive the full amount of their 2022 Trustee Fees in Deferred Units (the “2022 Deferred Units”).

In respect of fiscal 2023, the total value of Trustee Fees payable to the Independent Trustee was $58,750 (of which $25,000 was payable to Mr. Labatte, $18,750 of which was payable to Mr. Senst, and $15,000 of which was payable to Mr. Patava). Mr. Labatte and Mr. Patava elected to receive their Trustee Fees accrued as of June 2023 in Deferred Units (the “2023 Deferred Units”). Mr. Senst elected to receive the full amount of his 2023 Trustee Fees in cash. As a result of the Suspension, the fees owing to Mr. Labatte and Mr. Patava for Q3 and Q4 of 2023 that would have been paid in Deferred Units (including the matching contribution amount) were paid in cash.

NHT, on recommendation from the Compensation, Governance and Nominating Committee, will determine whether, and to what extent, NHT will match up to 100% of the total value of the fees that a Trustee elects to receive in the form of Deferred Units. The REIT’s current policy is to provide 100% matching for Deferred Units issued to the Trustees in lieu of their fees. Accordingly, the number of Deferred Units to be awarded to a Trustee is equal to (i) the value of all fees that the Trustee elects to receive in the form of Deferred Units plus any additional Deferred Units pursuant to NHT’s obligation to match as contemplated by the Omnibus Plan, (ii) divided by the volume weighted average trading price of a Unit on the TSXV for the five trading days prior to the date of the award. Trustees must complete an election form to receive Deferred Units in lieu