Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 84

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 84
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735 | ) |     |   |          - |   |
| Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year                               |             | $ |    (54,685 | ) |     |   |          - |   |
| Total Adjustments                                                                                                                              |             | $ |    895,564 |   |     | $ |    915,240 |   |

(3) On the Deregistration Date, Old NXDT ceased to be an investment company registered under the 1940 Act. Since the Deregistration Date, we fully implemented the change in our business mandate that our shareholders had approved on June 19, 2020 to focus primarily on investing in various commercial real estate property types and across the capital structure, including but not limited to equity, mortgage debt, mezzanine debt and preferred equity.

(4) Represents net investment income plus net realized and unrealized gain on investments for the periods presented in which Old NXDT was an investment company registered under the 1940 Act.

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Relationship between Compensation Actually Paid and Performance Measures

The following charts set forth the relationship between the compensation actually paid to the PEO and the average compensation actually paid to the NEOs other than the PEO for fiscal years 2024, 2023 and 2022 (collectively, “Compensation Actually Paid”) to each of (1) net income and (2) total shareholder return. As discussed above, we paid no compensation to our PEO and had no non-PEO named executive officers for fiscal year 2022 and prior to the Deregistration Date, Old NXDT was an investment company registered under the 1940 Act.

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SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS</div>

The following table provides certain information as of the end of our most recently completed fiscal year with respect to compensation plans (including any individual compensation arrangements, of which there are none) under which our equity securities are authorized for issuance, aggregated as follows:

| Plan category                                             |     | Number of securities to be                
 issued upon exercise of                   
 outstanding options,                      
 warrants and rights                       |     | Weighted-average     
 exercise price of    
 outstanding options, 
 warrants and rights  |     | Number of securities                
 remaining available for             
 future issuance under               
 equity compensation                 
 plans (excluding                    
 securities issuable upon            
 exercise