Company: NXDT
Filing Date: 2025-09-19
Form Type: 8-K
Source: 0001437749-25-029491
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Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-09-19
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement.

Amendment to the Advisory Agreement

On September 19, 2025 NexPoint Diversified Real Estate Trust (the “ Company”) and NexPoint Real Estate Advisors X, L. P. (the “ Adviser”) entered into an amendment (the “ Advisory Agreement Amendment”) to the Advisory Agreement, dated July 1, 2022, by and between the Company and the Adviser, as amended by that First Amendment to Advisory Agreement, dated October 25, 2022, as further amended by that Second Amendment to Advisory Agreement, dated April 11, 2023, and as further amended by that Third Amendment to Advisory Agreement, dated July 22, 2024, by and between the Company and the Adviser (the “ Advisory Agreement”). The Advisory Agreement Amendment changes the structure of the fees which the Company pays to the Adviser each month such that the monthly installment of fees shall be paid in cash unless the Adviser elects, in its sole discretion, to receive all or a portion of the monthly installment of the fees in common shares, par value $0.001 per share, of the Company (“ Common Shares”), subject to certain restrictions, including that in no event shall the Common Shares issued to the Adviser under the Advisory Agreement exceed 6,000,000 Common Shares. The Amendment also clarifies that the Adviser may defer its right to payment of the fees and expense reimbursements under the Advisory Agreement, and provides that interest shall not accrue on such deferred amounts.

In compliance with the Company’s Related Party Transaction Policy, the Advisory Agreement Amendment was reviewed and approved by the Audit Committee of the Board of Trustees of the Company.

The description of the material terms of the Advisory Agreement Amendment is qualified in its entirety by reference to the Advisory Agreement Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is hereby incorporated by reference into this Item 1.01. For additional information regarding the Advisory Agreement, see Item 1 “ Business - Our Advisory Agreement” in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 31, 2025, which is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.