Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2594

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2594
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ation preference per share) |     | NXDT      
 NXDT-PA   |     | New York Stock Exchange 
 New York Stock Exchange |

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

<div align='center'>I-2083</div>

| Item 1.01. | Entry into a Material Definitive Agreement. |

On October 4, 2024, NexPoint Diversified Real Estate Trust (the “Company”) entered into a guaranty of recourse obligations (the “Guaranty”) for the benefit of Citi Real Estate Funding, Inc. (“Citi”) and JPMorgan Chase Bank, National Association (“JPM” and together with Citi, collectively, “Lender”) under the Loan Agreement (defined below), pursuant to which the Company guaranteed certain obligations of the borrowers (“Borrower”) under the Loan Agreement, dated October 4, 2024 (together with one or more applicable promissory notes thereunder, the “Loan Agreement”), by and among Borrower and Lender. The Company is the owner of an indirect interest in Borrower and entered into the Guaranty as a condition of Lender lending to Borrower under the Loan Agreement.

Pursuant to the Guaranty, the Company guaranteed certain recourse obligations of Borrower pertaining to exculpation or indemnification of Lender, including but not limited to any fraud, misrepresentation, or certain other misconduct (including gross negligence, willful misconduct and certain waste), by Borrower or the Company, certain defaults with respect to legal requirements pertaining to the collateral and Borrower’s business, management or ownership of Borrower under the Loan Agreement. The Guaranty also provides that the Company may be required to repay principal amounts upon the occurrence of certain events, including bankruptcy or certain other insolvency events with respect to or actions taken by Borrower, raising or assertion by Borrower of a defense or certain related rights or requests in connection with