Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 449

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 449
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.3 to Old NXDT’s Current Report on Form 8-K filed with the SEC on July 1, 2022).                            |
| 4.1     |     | Statement of Preferences of 5.50% Series A Cumulative Preferred Shares (incorporated by reference to Exhibit 4.1 of Old NXDT’s Annual Report on Form 10-K filed with the SEC on March 31, 2023).                        |
| 4.2     |     | Statement of Preferences of 9.00% Series B Cumulative Redeemable Preferred Shares (incorporated by reference to Exhibit 3.1 to Old NXDT’s Current Report on Form 8-K filed with the SEC on January 30, 2025).           |
| 5.1     |     | Opinion of Ballard Spahr LLP (incorporated by reference to Exhibit 5.1 to Old NXDT’s Form S-4 (333-286498) filed with the SEC on April 11, 2025).                                                                       |
| 23.1*   |     | Consent of KPMG LLP.                                                                                                                                                                                                    |
| 23.2    |     | Consent of Ballard Spahr LLP (included in Exhibit 5.1 to Old NXDT’s Form S-4 (333-286498) filed with the SEC on April 11, 2025).                                                                                        |
| 24.1    |     | Powers of Attorney (included on signature page of Old NXDT’s Form S-4 (333-286498) filed with the SEC on April 11, 2025).                                                                                               |
| 99.1    |     | Form of Proxy Card for the Annual Meeting (incorporated by reference to Exhibit 99.1 to Old NXDT’s Form S-4 (333-286498) filed with the SEC on April 11, 2025).                                                         |
| 107*    |     | Calculation of Filing Fees Tables.                                                                                                                                                                                      |

| * | Filed herewith. |

Item 22. Undertakings.

The undersigned registrant hereby undertakes:

(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

| (i) | To include any prospectus required by Section 10(a)(3) of the Securities Act. |

<div align='center'>II-2</div>

| (ii) | To reflect in the prospectus