Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1757

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1757
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 holders on a conversion of such notes is subject to the prior approval of the TSXV. The relative fair value of the convertible notes did not reflect the outstanding principal on the date of the NHT Acquisition. The difference between the fair value and the principal amount of debt is amortized into interest expense over the remaining term. As of June 30, 2024, the net carrying amount of the convertible notes due to affiliates of the NHT Adviser was $51.0 million.

The following table contains summary information concerning the debt of the NHT segment as of June 30, 2024 (dollars in thousands):

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| Debt Payable                                                   
 Note A¹                                                        |     | Outstanding principal as of 
 June 30, 2024               |  50,188 |   |     | Interest Rate |  7.34 | % | Maturity Date         
 3/8/2025              |     | Lender             
 ACORE              |
|:---------------------------------------------------------------|:----|:----------------------------|--------:|:--|:----|:--------------|------:|:--|:----------------------|:----|:-------------------|
| Note B¹                                                        |     |                             |  24,165 |   |     |               | 11.80 | % | 3/8/2025              |     | ACORE              |
| PC & B Loan²                                                   |     |                             |  37,348 |   |     |               |  6.70 | % | 2/5/2025              |     | AREEIF Lender, LLC |
| Convertible Notes Due to Affiliates                            |     |                             |  58,278 |   |     |               |     - |   | 2/14/2027 - 9/30/2042 |     | Multiple           |
|                                                                |     | $                           | 169,979 |   |     |               |       |   |                       |     |                    |
| Fair market value adjustment, net of accumulated amortization³ |     |                             |  (7,298 | ) |     |               |       |   |                       |     |                    |
| Debt payable, net                                              |     | $                           | 162,681 |   |     |               |       |   |                       |     |                    |

| (1) | This debt is secured by the