Company: NXDT
Filing Date: 2025-06-12
Form Type: S-4
Source: 0001437749-25-020201
Chunk: 320

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-06-12
Form: S-4
Chunk 320
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 being insured against losses arising by reason of any lawful advances or (z) a majority of a quorum of the Board not party to the action, or if a majority vote of such quorum so direct, independent legal counsel in a written opinion, concluding, based on a review of readily available facts, that there is substantial reason to believe that the party ultimately will be found entitled to indemnification—Old NXDT has agreed to make advance payments in connection with the expenses of defending any action with respect to which indemnification might be sought under the Declaration of Trust.

Old NXDT’s Declaration of Trust also grants Old NXDT the power and authority to indemnify and provide for the advance payment of expenses to employees, agents and other persons providing services to Old NXDT or serving in any capacity at the request of Old NXDT to the full extent permitted by law, provided that such indemnification has been approved by a majority of Old NXDT’s trustees.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to trustees, officers or persons controlling Old NXDT pursuant to the foregoing provisions, Old NXDT has been advised that in the opinion of the staff of the SEC, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

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Item 21. Exhibit and Financial Statement Schedules.

| Exhibit |     | Description                                                                                                                                                                                                             |
| 2.1     |     | Plan of Conversion, dated as of February 24, 2025 (incorporated by reference to Exhibit 2.1 to Old NXDT’s Form S-4 (333-286498) filed with the SEC on April 11, 2025).                                                  |
| 3.1     |     | Articles of Incorporation of New NXDT (to be effective at the effective time of the Conversion) (incorporated by reference to Exhibit 3.1 to Old NXDT’s Form S-4 (333-286498) filed with the SEC on April 11, 2025).    |
| 3.2     |     | New NXDT Bylaws (to be effective at the effective time of the Conversion) (incorporated by reference to Exhibit 3.2 to Old NXDT’s Form S-4 (333-286498) filed with the SEC on April 11, 2025).                          |
| 3.3     |     | Restated Certificate of Trust of NexPoint