Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 278

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 278
---
 is made pursuant to section 4.11 of National Instrument 51-102 Continuous Disclosure Obligations(“NI 51-102”). Notice is hereby given that:

| 2. | The resignation of Frazier & Deeter, LLC was considered by the Trust’s audit committee and board of trustees. |

| 3. | There have been no modified opinions expressed in the auditors’ reports on the financial statements of the Trust for the relevant period during which Frazier & Deeter, LLC was the Trust’s auditor. |

| 4. | There have been no reportable events (as defined in NI 51-102) that have occurred in the relevant period during which Frazier & Deeter, LLC was the Trust’s auditor. |

The Trust has requested from Frazier & Deeter, LLC a letter addressed to the securities regulatory authorities of each of the provinces of Canada other than Quebec, stating whether or not they agree with the above statements. Copies of such letters are filed on SEDAR+.

<div align='center'>F-1</div>

Yours very truly,

NEXPOINT HOSPITALITY TRUST

Per: Brian Mitts

Name: Brian Mitts

Title: Chief Financial Officer

<div align='center'>F-2

NOTICE</div>

January 12, 2024

| TO: | Ontario Securities Commission Alberta Securities Commission                                                                                                       
 British Columbia Securities Commission The Manitoba Securities Commission                                                                                         
 Financial and Consumer Services Commission (New Brunswick) Office of the Superintendent of Securities (Newfoundland & Labrador) Nova Scotia Securities Commission 
 The Office of the Superintendent Securities (Prince Edward Island) Financial and Consumer Affairs Authority of Saskatchewan                                       |

AND TO: MNP LLP (the “Successor Auditor”)

AND TO: Frazier & Deeter, LLC (the “Former Auditor”)

| Re: | Change of Auditor – NexPoint Hospitality Trust (the “Trust”) |

This Notice is made pursuant to section 4.11 of National Instrument 51-102 –Continuous Disclosure Obligations(“NI 51-102”). Notice is hereby given that:

| 2. | The resignation of the Former Auditor and the appointment of the Successor Auditor were considered by the Trust’s audit committee and board of trustees. |

| 3. | There have been no modified opinions expressed in the auditors’ reports on the financial statements of the Trust for the relevant period during which the Former Auditor was the Trust’s auditor. |

| 4. | There have been