Company: NXDT
Filing Date: 2025-01-30
Form Type: 424B5
Source: 0001437749-25-002263
Chunk: 63

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-30
Form: 424B5
Chunk 63
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 family” program, we may sell Series B Preferred Shares to the families of or persons or entities having prior relationships with our employees or employees of our Adviser, or persons who are selected by the dealer manager in consultation with the Company. As used herein, we consider a family member to be a spouse, parent, stepparent, child, stepchild, sibling, cousin, mother- or father-in-law, son- or daughter-in-law or brother- or sister-in-law or a trust for the benefit of such persons, and includes adoptive relationships. Prior to the receipt of the Requisite Shareholder Approval, we will not sell Series B Preferred Shares to (i) officers, employees, trustees, directors or other service providers of the Company, (ii) any controlling shareholder or member of a control group or any other substantial shareholder of the Company that has an affiliated person who is an officer, trustee or director of the Company or (iii) any entities affiliated with our Adviser. There will be no selling commissions with respect to any such sales and the dealer manager may in consultation with the Company waive or reduce the dealer manager fee. As a result, the public offering price per share of Series B Preferred Shares sold in our “friends and family” program will be decreased by an amount equal to the discount. The dealer manager in consultation with the Company will make all final determinations regarding whether an individual or entity falls within the friends and family category and whether the dealer manager fee will be waived or reduced, including the extent of any reduction. The dealer manager will serve as the broker-dealer of record for these sales. The net proceeds to us will not be affected by reducing the compensation payable in connection with such sales. “Friends and family” program investors will be expected to hold their Series B Preferred Shares for investment and not with a view towards distribution.

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Underwriting Compensation

The table below sets forth the nature and estimated amount of selling commission and dealer manager fees assuming we sell all the Series B Preferred Shares offered hereby and that no Series B Preferred Shares are sold in our “friends and family” program.

| Selling commissions (maximum) |     | $ | 28,000,000 |
| Dealer manager fee (maximum)  |     | $ | 12,000,000 |
| Total(1)                      |     | $ | 40,000,000 |

(1) We or our affiliates also may provide permissible forms of non-cash compensation to registered representatives of our