Company: NXDT
Filing Date: 2025-01-31
Form Type: 425
Source: 0001437749-25-002423
Chunk: 2

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-31
Form: 425
Chunk 2
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 the persons specified herein. Such right may be exercised by striking out the names of the persons specified in the form of proxy, and inserting in the space provided the name of the person to be appointed. Such person need not be a unitholder of the REIT. |

| 3. | The Units represented by this proxy will be voted in accordance with the instructions of the unitholder on any ballot that may be called for. In the absence of direction, this proxy will be voted in favour of each of the matters referred to herein. |

| 4. | A completed proxy must be delivered by mail to TSX Trust, P.O. Box 721, Agincourt, Ontario, M1S OA1, Attention: Proxy Department; by facsimile to 1-416-595-9593; by email to proxyvote@tmx.com with a scanned copy of your completed form of proxy; or electronically online with your 12 digit control number at www.meeting-vote.com, by no later than 10:00 a.m. (Toronto time), on February 19, 2025 or in the case of any adjournment of the Meeting, not later than 48 hours (excluding Saturdays, Sundays and statutory holidays) preceding the time of such adjourned meeting. The Chairperson of the meeting has the right to accept or reject any late proxies, or to waive or extend the proxy deadline, with or without notice, but is under no obligation to accept or reject any particular late proxy. |

Additional Information and Where to Find It

In connection with the merger transaction (the “Transaction”) pursuant to which NexPoint Hospitality Trust (“NHT”) and certain of its subsidiaries will merge with and into certain subsidiaries of NexPoint Diversified Real Estate Trust (the “Company”), the Company has filed with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 (the “Registration Statement”) containing an information circular/prospectus (the “Information Circular”). The Registration Statement and Information Circular each contain important information about the Company, NHT, the Transaction and related matters. UNITHOLDERS OF NHT ARE URGED TO READ THE REGISTRATION STATEMENT AND INFORMATION CIRCULAR AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT