Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1865

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1865
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 however designated or constituted; |

<div align='center'>I-1460</div>

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| (yy) | “Prospectus” means the final prospectus of the Trust relating to the Offering as filed with the securities commissions or similar authorities in Canada, as the same may be amended or amended and restated; |

| (zz) | “real property” means property which in law is real property and includes, whether or not the same would in law be real property, leaseholds, mortgages, undivided joint interests in real property (whether by way of tenancy-in-common, joint tenancy, co- ownership, joint venture or otherwise), any interests in any of the foregoing and securities of trusts, corporations or partnerships the sole or principal purpose and activity of which is to invest in, hold and deal in real property; |

| (aaa) | “Redeemable Units” means the class B units of the OP; |

| (bbb) | “Redemption Date” has the meaning given thereto in Subparagraph 7.10(c)(i); |

| (ccc) | “Redemption Notes” means the unsecured subordinated promissory notes of the Trust having a maturity date and interest rate to be determined at the time of issuance by the Trustees, such promissory notes to provide that the Trust shall at any time be allowed to prepay all or any part of the outstanding principal without notice or bonus; |

| (ddd) | “Redemption Price” has the meaning given thereto in Subparagraph 7.10(c)(i); |

| (eee) | “Register” has the meaning given thereto in Section 7.15; |

| (fff) | “Related Party” means, with respect to any person, a person who is a “related party” as defined in Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions; |

| (ggg) | “Resident” means a person who is, or is deemed to be, resident in Canada for purposes of the Tax Act; |

| (hhh) | “Retiring Trustee” has the meaning given thereto in Section 3.7; |

| (iii) | “Securities Laws” means, collectively, (i) the applicable securities laws of Alberta and Ontario and the respective regulations and rules made under those securities laws together with all published policy statements, instruments, blanket orders and rulings of the Alberta and Ontario securities commissions