Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 34

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 34
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, matched 100% of the total value of Trustee Fees that Mr. Patava elected to receive in the form of Deferred Units. As of the date hereof, Mr. Patava holds 200,000 Deferred Units.

(2) These amounts were determined by multiplying the number of Units or Deferred Units (as applicable) by the closing price of the Units on January 17, 2025, being $0.31 per Unit.

(3) NHT’s unit ownership policy provides that each Trustee has within the later of five years from the date of (i) the policy and (ii) becoming a Trustee to comply with the guidelines therein. NHT’s unit ownership policy also provides that, for the purposes of the policy, the value of Units held is calculated using the higher of the cost base and current market price.

Corporate Cease Trade Orders or Bankruptcies

Other than as set forth below, during the past 10 years, no nominee proposed for election has been a director, chief executive officer or chief financial officer of any company that:

| (a) | was subject to a cease trade order or similar order or an order that denied the company access to any exemption under securities legislation for a period of more than 30 consecutive days while the nominee was acting in such capacity; or |

| (b) | was subject to a cease trade order or similar order or an order that denied the company access to any exemption under securities legislation for a period of more than 30 consecutive days that was issued after the nominee ceased to act in such capacity and which resulted from an event that occurred while the nominee was acting in such capacity. |

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During the past 10 years, no nominee proposed for election has been a director or executive officer of any company that, while the nominee was acting in such capacity, or within a year of the nominee ceasing to act in such capacity, became bankrupt, made a proposal under any legislation relating to bankruptcy or insolvency or was subject to or instituted any proceedings, arrangement or compromise with creditors or had a receiver, receiver manager or trustee appointed to hold its assets.

Mr. Dondero, on the date outlined below, was an executive officer of Highland Capital Management, L.P. (“HCMLP”). On October 16, 2019, HCMLP announced that it had filed a petition in the United States Bankruptcy Court for the District of Delaware, seeking voluntary Chapter 11 protection. HCMLP filed a