Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 8

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 8
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 return a proxy card in the provided pre-addressed, postage paid envelope. |

You may revoke your proxy at any time prior to the vote at the Annual Meeting by:

| ● | delivering a written notice revoking your proxy to Old NXDT’s Secretary at the address above; |

| ● | delivering a new proxy bearing a date after the date of the proxy being revoked; or |

| ● | virtually attending the Annual Meeting and entering the control number found on your proxy card. |

Unless revoked as described above, all properly executed proxies will be voted at the Annual Meeting in accordance with your directions on the proxy. If you hold your shares through a broker, bank, trust or other nominee, please refer to the information forwarded by your broker, bank, trust or other nominee for procedures on revoking your proxy. If a properly executed proxy gives no specific instructions, the Old Voting Shares represented by your proxy will be voted:

| ● | FOR the election of the seven nominees to serve as trustees until the 2026 annual meeting of shareholders; |

| ● | FOR the approval, on an advisory basis, of the compensation of our named executive officers; |

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| ● | FOR the conversion of Old NXDT from a Delaware statutory trust into a Maryland corporation named NexPoint Diversified Real Estate Trust, Inc. (“New NXDT”), and to approve the adoption of a plan of conversion (the “Plan of Conversion”), articles of incorporation (the “New NXDT Charter”) and bylaws of New NXDT (the “New NXDT Bylaws”) associated with such conversion (the “Conversion”) (the “Conversion Proposal’); |

| ● | FOR the approval of the Amended and Restated NexPoint Diversified Real Estate Trust 2023 Long Term Incentive Plan (the “A&R 2023 Plan”); |

| ● | FOR the ratification of the appointment of KPMG LLP (“KPMG”) as our independent registered public accounting firm for 2025; and |

| ● | at the discretion of the proxy holders with regard to any other matter that is properly presented at the Annual Meeting. |

If you own Old Voting Shares held in “street name” and you do not instruct your broker how to vote your shares using the instructions your broker provides you, your shares will be voted in the ratification of the appointment of KPMG as our independent registered public accounting firm for 2025, but not for any other proposal. To be sure your