Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 31

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 31
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 Requirement?(3) |
| –                                           | –      |           972,312 |     | $301,417 |                  972,312 | $301,417 | 3X Annual Cash Retainer    | Yes             |

Notes:

(1) The Board may fix a maximum portion of the Trustee Fees (as defined below) payable to the independent Trustees to be paid in the form of Deferred Units (as defined below) in lieu of cash, subject to the election of the independent Trustees. The Trustee Fees payable to Mr. Labatte in respect of fiscal 2020 and 2019 were $93,000 and $47,250 respectively. Mr. Labatte elected to receive such fees in the form of Deferred Units. The Board, on the recommendation of the Compensation, Governance and Nominating Committee, matched 100% of the total value of Trustee Fees that Mr. Labatte elected to receive in the form of Deferred Units. Due to various blackout periods observed by NHT, the Deferred Units awardable in respect of the Trustee Fees were awarded on June 28, 2021. On December 13, 2021, in consideration of Mr. Labatte’s service and performance during the COVID-19 pandemic, and to encourage Mr. Labatte to participate in the future growth of the REIT, Mr. Labatte was granted 105,000 Deferred Units which vested immediately. In respect of fiscal 2021, the total value of Trustee Fees payable to Mr. Labatte was $88,500, of which $56,250 was paid in cash and the remaining $32,250 was to be paid in Deferred Units. In respect of fiscal 2022 and fiscal 2023 (as of June 30, 2023), $90,750 and $50,000 of Trustee Fees were payable to Mr. Labatte. Mr. Labatte elected to receive such fees in the form of Deferred Units. Due to various blackout periods observed by NHT and certain restrictions on granting security based compensation to insiders pursuant to TSXV Policy 4.4, on September 11, 2023, the REIT conditionally granted 692,000 Deferred Units to Mr. Labatte in respect of his remaining portion of 2021 Trustee Fees, 2022 Trustee Fees and 2023 Trustee Fees (accrued as of June 30, 2023). The Board, on the recommendation of the Compensation, Governance and