Company: NXDT
Filing Date: 2025-06-12
Form Type: S-4
Source: 0001437749-25-020201
Chunk: 6

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-06-12
Form: S-4
Chunk 6
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Old NXDT was organized as a statutory trust under the laws of the State of Delaware on March 10, 2006 under the name “Highland Credit Strategies Fund” and changed its name to “NexPoint Diversified Real Estate Trust” in 2021. Old NXDT’s Old Common Shares are currently publicly traded on the NYSE under the symbol “NXDT,” and its Old Series A Preferred Shares are traded on NYSE under the symbol “NXDT PA.” The Old Series B Preferred Shares (together with the Old Common Shares and the Old Series A Preferred Shares, the “Old Shares”) currently have no public trading market, and we do not expect one to develop. Old NXDT is an externally advised, publicly traded real estate investment trust (“REIT”) focused on the acquisition, asset management, development and disposition of opportunistic, value-add investments in real estate properties throughout the United States. Old NXDT focuses primarily on investing in various commercial real estate property types and across the capital structure, including, but not limited to, equity, mortgage debt, mezzanine debt and preferred equity. Substantially all of Old NXDT’s business is conducted through NexPoint Diversified Real Estate Trust Operating Partnership, L.P. (the “OP”), Old NXDT’s operating partnership. As of March 31, 2025, Old NXDT owned 100% of the issued and outstanding partnership units of the OP. Old NXDT conducts its business through the OP and its wholly owned taxable REIT subsidiaries (“TRSs”). Old NXDT’s wholly owned subsidiary, NexPoint Diversified Real Estate Trust OP GP, LLC is the sole general partner of the OP.

Old NXDT’s headquarters are located at 300 Crescent Court, Suite 700, Dallas, Texas 75201 and the telephone number at this location is (214) 276-6300. Information about us is available on our internet site at . The contents of our internet site are not incorporated by reference herein and are not deemed to be part of this prospectus.

The Conversion

The Plan of Conversion provides that, subject to the receipt of necessary shareholder approval, Old NXDT will convert from a statutory trust organized under the laws of Delaware to a corporation named “NexPoint Diversified Real Estate Trust, Inc.” incorporated under the laws of the State of Maryland. On June 10, 2025, Old NXDT’s shareholders approved the Conversion.

Upon the effectiveness of the Conversion, each Old Common Share will be converted