Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1866

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1866
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 and all discretionary orders or rulings, if any, of the Alberta and Ontario securities commissions made in connection with the transactions contemplated by the Prospectus and this Declaration of Trust, and (ii) if and to the extent applicable, securities laws of the United States and the blue sky laws of any state within the United States; |

| (jjj) | “SIFT Tax” means the tax payable by a SIFT Trust pursuant to section 122 of the Tax Act or by a SIFT partnership pursuant to section 197 of the Tax Act; |

| (kkk) | “SIFT Trust” has the meaning given thereto in the Tax Act; |

| (lll) | “Special Resolution” has the meaning given thereto in Section 9.17; |

| (mmm) | “subsidiary” and “subsidiaries” has the meaning ascribed thereto in National Instrument 45-106 – Prospectus Exemptions, as replaced or amended from time to time; |

<div align='center'>I-1461</div>

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| (nnn) | “take-over bid” has the meaning given thereto in the Securities Act (Ontario) as replaced or amended from time to time; |

| (ooo) | “Tax Act” means the Income Tax Act (Canada) and the regulations thereunder, as replaced or amended from time to time; |

| (ppp) | “Taxation Year” means the taxation year of the Trust for the purposes of the Tax Act; |

| (qqq) | “Transfer Agent” means any such company as may from time to time be appointed by the Trust to act as registrar and transfer agent of the Units, together with any sub- transfer agent duly appointed by the Transfer Agent; |

| (rrr) | “Trust” means NexPoint Hospitality Trust, a trust created pursuant to the Original Declaration of Trust and governed by this Declaration of Trust pursuant to the laws of the Province of Ontario; |

| (sss) | “Trustees” means the trustee or trustees of the Trust holding office under and in accordance with this Declaration of Trust from time to time and “Trustee” means any one of them; |

| (ttt) | “Trustees’ Regulations” means the regulations adopted by the Trustees pursuant to Section 4.3; |

| (uuu) | “TSXV” means the TSX Venture Exchange; |

| (vvv) | “Unit Certificate