Company: NXDT
Filing Date: 2025-01-30
Form Type: 424B5
Source: 0001437749-25-002263
Chunk: 62

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-30
Form: 424B5
Chunk 62
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 fee in connection with these sales or otherwise. In the event that an investor purchases Series B Preferred Shares net of selling commissions and/or the dealer manager fee is waived or reduced, the net proceeds to us will not be affected, and each Series B Preferred Share sold pursuant to this arrangement will have an initial Stated Value of $25.00.

In the event our dealer manager enters into a participating broker-dealer agreement that provides for less than a 7.0% selling commission to be paid to the participating broker-dealer, we will reduce the public offering price per share of Series B Preferred Share in this offering on sales made by such participating broker-dealer by an amount equal to the reduction in commissions paid to such participating broker-dealer as exemplified in the table below.

The table below provides examples of various possible offering prices within the established range of $23.25 to $25.00 per share of Series B Preferred Shares only at 100 basis point intervals of the corresponding selling commission percentage and assuming no reduction in the dealer manager fee. The selling commissions received by the participating broker-dealers in connection with the Series B Preferred Shares will never exceed 7.0% of the aggregate gross offering proceeds. The net proceeds to us from this offering will not be affected by the reduction in commissions and corresponding reduction in the offering price per share of Series B Preferred Shares on such sales.

| Selling Commission |   |     | Public Offering Price        
 per Series B Preferred Share |       |
|:-------------------|:--|:----|:-----------------------------|------:|
| 7.0                | % |     | $                            | 25.00 |
| 6.0                | % |     | $                            | 24.75 |
| 5.0                | % |     | $                            | 24.50 |
| 4.0                | % |     | $                            | 24.25 |
| 3.0                | % |     | $                            | 24.00 |
| 2.0                | % |     | $                            | 23.75 |
| 1.0                | % |     | $                            | 23.50 |
| 0.0                | % |     | $                            | 23.25 |

Additional information related to the fixed prices being offered to the public and which participating broker-dealers are selling the Series B Preferred Shares at such prices may be obtained by contacting NexPoint Securities.

As part of our “friends and