Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 9

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 9
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 shares are voted in the manner you desire, you should instruct your broker on how to vote your shares.

Holders of a majority of the outstanding Old Voting Shares of Old NXDT entitled to vote must be present, either in person (virtually) or by proxy, to constitute a quorum necessary to conduct the Annual Meeting. Abstentions and broker non-votes will be counted as shares present for purposes of determining whether a quorum is present at the Annual Meeting.

The following table sets forth the voting requirements, whether broker discretionary voting is allowed and the treatment of abstentions and broker non-votes for each of the matters to be voted on at the Annual Meeting.

| Proposal |                                                                           |     | Vote Necessary to                                                                                                          
 Approve Proposal                                                                                                           |     | Broker          
 Discretionary   
 Voting Allowed? |     | Treatment of Abstentions and                                                                                                                                    
 Broker Non-Votes                                                                                                                                                |
| No. 1    | Election of Trustees                                                      |     | Plurality (that is, the largest number) of Old Voting Shares present or represented by proxy(1)                            |     | No              |     | Abstentions and broker non-votes will have no effect                                                                                                            |
| No. 2    | Advisory Vote to Approve the Compensation of Our Named Executive Officers |     | Affirmative vote of a majority of the Old Voting Shares present or represented by proxy and entitled to vote on the matter |     | No              |     | Abstentions will have the effect of a vote against the proposal, and broker non-votes are not considered entitled to vote on the matter and will have no effect |

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| No. 3 | The Conversion                                                                                                                                                  |     | Affirmative vote of a majority of the Old Voting Shares present or represented by proxy and entitled to vote on the matter |     | No  |     | Abstentions will have the effect of a vote against the proposal, and broker non-votes are not considered entitled to vote on the matter and will have no effect |
| No. 4 | Approval of the Amended and Restated NexPoint Diversified Real Estate Trust 2023 Long Term Incentive Plan                                                       |     | Affirmative vote of a majority of the Old Voting Shares present or represented by proxy and entitled to vote on the matter |     | No  |     | Abstentions will have the effect of a vote against the proposal, and broker non-votes are not considered entitled to vote