Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 27

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 27
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 the Meeting. No formal action will be taken at the Meeting to approve the financial statements. If any Unitholder has questions regarding such financial statements, such questions may be brought forward at the Meeting.

| 2. | Election of Trustees |

The present term of office of each Trustee of NHT will expire upon the election of Trustees at the Meeting. It is proposed that each of the persons whose name appears below be elected as a Trustee of NHT to serve until the close of the next annual meeting of Unitholders or until his or her successor is elected.

Advance Notice Policy

NHT’s amended and restated declaration of trust dated March 27, 2019 (as subsequently amended by the first amendment to the amended and restated declaration of trust dated September 16, 2020, as further amended by the second amendment to the amended and restated declaration of trust dated October 25, 2021, and as further amended by the third amendment to the amended and restated declaration of trust dated December 4, 2024, the “Declaration of Trust”) contains an advance notice policy (the “Advance Notice Policy”) which requires a nominating Unitholder to provide notice to the Trustees of proposed Trustee nominations not less than 30 days prior to the date of the applicable annual meeting (being not later than January 20, 2025 for the purposes of the Meeting). This advanced notice period is intended to give NHT and its Unitholders sufficient time to consider any proposed nominees. A copy of the Declaration of Trust, which sets out the Advance Notice Policy, is available on the SEDAR+ website at www.sedarplus.ca.

Majority Voting Policy

The Board has adopted a majority voting policy (the “Majority Voting Policy”) in Trustee elections that applies at any meeting of Unitholders where an uncontested election of Trustees is held, including at the Meeting. Pursuant to this policy, if the number of proxy votes withheld for a particular Trustee nominee is greater than the votes in favour of such nominee, the Trustee nominee shall immediately tender his or her resignation to the Chair of the Board following the Meeting. Following receipt of a resignation submitted pursuant to this policy, the compensation, governance, and nominating committee of the Board (the “Compensation, Governance and Nominating Committee”) shall consider whether or not to accept the offer of resignation and shall recommend to the Board whether or not to accept it. With the exception of special circumstances that would warrant the continued