Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 126

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 126
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 nominees must provide notice that sets forth the information required by Rule 14a-19 under the Exchange Act no later than April 13, 2026.

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MULTIPLE SHAREHOLDERS SHARING ONE ADDRESS</div>

In accordance with Rule 14a-3(e)(1) under the Exchange Act, one set of proxy materials will be delivered to two or more shareholders who share an address, unless Old NXDT has received contrary instructions from one or more of the shareholders. Old NXDT will deliver promptly upon written or oral request a separate copy of the proxy materials to a shareholder at a shared address to which a single copy of the proxy materials was delivered. Requests for additional copies of the proxy materials, and requests that in the future separate proxy materials be sent to shareholders who share an address, should be directed by writing to Investor Relations at c/o NexPoint Diversified Real Estate Trust, 300 Crescent Court, Suite 700, Dallas, Texas 75201, Attn: Investor Relations or by calling (214) 276-6300. In addition, shareholders who share a single address but receive multiple copies of the proxy materials may request that in the future they receive a single copy by contacting Old NXDT at the address and phone number set forth in the prior sentence.

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COMPARISON OF SHAREHOLDERS’RIGHTS</div>

The following is a summary comparison of material differences between the rights of Old NXDT’s shareholders under Delaware law and the Declaration of Trust, Statement of Preferences of 5.50% Series A Cumulative Preferred Shares (the“Series A Statement of Preferences”), Statement of Preferences of 9.00% Series B Cumulative Redeemable Preferred Shares (the“Series B Statement of Preferences”and, together with the Series A Statement of Preferences, the“Statements of Preferences”) and Old NXDT’s bylaws (the“Old Bylaws”; and together with the Declaration of Trust and the Statements of Preferences, the“Old NXDT organizational documents”), on the one hand, and the rights of New NXDT stockholders under the MGCL, the New NXDT Charter and the New NXDT Bylaws, on the other hand. The summary set forth below is not intended to be an exhaustive discussion of the foregoing and may not contain all the information that is important to you. The summary set forth below assumes, except as otherwise indicated, that the Conversion Proposal will be adopted at the Annual Meeting. We encourage you to