Company: NXDT
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001437749-25-011826
Chunk: 7

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-11
Form: S-4
Chunk 7
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 SIGNATURES                                                                                                             | II-5 |
| POWERS OF ATTORNEY                                                                                                     | II-5 |

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NexPoint Diversified Real Estate Trust

300 Crescent Court, Suite 700

Dallas, Texas 75201

PROXY STATEMENT/PROSPECTUS</div>

This proxy statement/prospectus provides information in connection with the solicitation of proxies by the board of trustees (the “Board”) of NexPoint Diversified Real Estate Trust, a Delaware statutory trust (“Old NXDT,” “we,” “us” or “our”), for use at Old NXDT’s 2025 annual meeting of shareholders or any postponement or adjournment thereof (the “Annual Meeting”). This proxy statement/prospectus also provides information you will need in order to consider and act upon the matters specified in the accompanying notice of annual meeting. This proxy statement/prospectus and proxy card are being mailed to shareholders on or about [____], 2025.

Record holders of Old NXDT’s transferable units of beneficial interest, par value $0.001 per share (“Old Common Shares”), and 5.50% Series A Cumulative Preferred Shares, par value $0.001 per share, liquidation preference $25.00 per share (“Old Series A Preferred Shares” and, together with the Old Common Shares, the “Old Voting Shares”), as of the close of business on March 31, 2025 are entitled to vote at the Annual Meeting. Shareholders of Old Voting Shares are entitled to one vote for each Old Common Share and each Old Series A Preferred Share held. Holders of both the Old Common Shares and the Old Series A Preferred Shares, voting as a single class, are entitled to vote on the proposals detailed herein. As of March 31, 2025, there were 44,517,013.24 Old Common Shares and 3,359,593 Old Series A Preferred Shares issued and outstanding.

You cannot vote your shares unless you virtually attend the Annual Meeting or you have previously given your proxy. You can vote by proxy in one of three convenient ways:

| ● | by internet: visit the website shown on your proxy card and follow the instructions; |

| ● | by telephone: dial the toll-free number shown on your proxy card and follow the instructions; or |

| ● | in writing: sign, date and return a proxy card in the provided pre-addressed, postage paid envelope. |

You may revoke your proxy at