Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2420

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2420
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 Act (17 CFR 240.13e-4(c)) |

Securities registered pursuant to Section 12(b) of the Act:

| Title of each class                                                                                              |     | Trading   
 Symbol(s) |     | Name of each exchange   
 on which registered     |
| Common Shares, par value $0.001 per share                                                                        |     | NXDT      |     | New York Stock Exchange |
| 5.50% Series A Cumulative Preferred Shares, par value $0.001 per share ($25.00 liquidation preference per share) |     | NXDT-PA   |     | New York Stock Exchange |

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

<div align='center'>I-1948</div>

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

NexPoint Diversified Real Estate Trust (the “Company”) previously announced that in connection with the resignation of Brian Mitts from his positions as Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary of the Company effective as of 11:59 p.m. Central Time on December 31, 2024, the Board of Trustees of the Company (the “Board”) appointed Paul Richards as the Company’s Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary and David Willmore as the Chief Accounting Officer, Assistant Treasurer and Assistant Secretary of the Company effective as of 12:00 a.m. Central Time on January 1, 2025.

On December 24, 2024 the Board now determined that Mr. Richards will be the Company’s principal accounting officer as well as principal financial officer effective as of 12:00 a.m. Central Time on January 1, 2025 in connection with the effectiveness of the resignation of Mr. Mitts.

Mr. Mitts will remain the Company’s Chief Financial Officer, Executive VP