Company: NXDT
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001437749-25-011826
Chunk: 6

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-11
Form: S-4
Chunk 6
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 of the email. EQ will then email you the registration link for the annual meeting. If you would like to vote during the annual meeting, you may do so by entering the control number found on your proxy card.

Requests to attend the annual meeting must be received by EQ no later than 2:00 p.m. Central Time on Monday, June 9, 2025. On the date of the annual meeting, shareholders are encouraged to log on 15 minutes before the meeting start time. Please contact EQ at (866) 530-8636 with any questions regarding accessing the annual meeting.

Your vote is very important. Whether or not you plan to virtually attend at the annual meeting, please vote using the internet or telephone procedures described on the proxy card or sign, date and promptly mail a proxy card in the provided pre-addressed, postage paid envelope. If you would like to vote during the annual meeting, you may do so by entering the control number found on your proxy card.

| By Order of the Board of Trustees, |
| D.C. Sauter                        |
| General Counsel and Secretary      |

April [__], 2025
Dallas, Texas

<div align='center'>ADDITIONAL INFORMATION</div>

This proxy statement/prospectus incorporates by reference important business and financial information about Old NXDT from other documents that are not included in or delivered with this proxy statement/prospectus. This information is available to you without charge upon your request. You can obtain the documents incorporated by reference into this proxy statement/prospectus by requesting them in writing or by telephone from Old NXDT at the following address and telephone number:

<div align='center'>NexPoint Diversified Real Estate Trust

300 Crescent Court, Suite 700
Dallas, Texas 75201
Attention: Corporate Secretary
Telephone: (214) 276-6300</div>

In order to receive timely delivery of such documents incorporated by reference, requests must be made no later than [___], 2025.

<div align='center'>ABOUT THIS DOCUMENT</div>

This proxy statement/prospectus, which forms part of a registration statement on Form S-4 filed with the U.S. Securities and Exchange Commission (File No. 333-[___]), constitutes a prospectus of Old NXDT under Section 5 of the Securities Act of 1933 (the “Securities Act”), with respect to the New Common Stock, New Series A Preferred Stock and New Series B Preferred Stock to be issued in connection with the Conversion.