Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 442

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 442
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     | $ |  15,619 |   |     | $ |   5,284 |   |
| Income tax paid                                                                           |     | $ |  13,737 |   |     | $ |   1,501 |   |
| Supplemental Disclosure of Noncash Activities                                             |     |   |         |   |     |   |         |   |
| Capitalized construction costs included in accounts payable and other accrued liabilities |     | $ |     723 |   |     | $ |   3,883 |   |
| Fair value of assets acquired from the contribution of equity method investments          |     | $ |       — |   |     | $ |  62,510 |   |
| Non-cash dividend payment                                                                 |     | $ |   8,994 |   |     | $ |       — |   |
| Fair value of assets acquired from the sale of consolidated investments¹                  |     | $ |  68,500 |   |     | $ |       — |   |
| Non-cash advisory fee payment                                                             |     | $ |   1,431 |   |     | $ |       — |   |
| Increase in dividends payable upon vesting of restricted stock units                      |     | $ |     265 |   |     | $ |       — |   |
| Adjustment to Life Insurance Policies, at fair value, on deconsolidation of entity        |     | $ | (62,484 | ) |     | $ |       — |   |
| Adjustment to accounts receivable on deconsolidation of entity                            |     | $ |  (2,023 | ) |     | $ |       — |   |

(1) For more information about this transaction, refer to Note 10. Life Settlement Portfolio

<div align='center'>See Notes to Consolidated Financial Statements

92

I-97

NEXPOINT DIVERSIFIED REAL ESTATE TRUST AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF CASH FLOWS (Predecessor Basis)

(in thousands)</div>

| Cash flows from operating activities:                                                                                       |     | For the Six Months Ended June 30, 
 2022                              |          |   |
|:----------------------------------------------------------------------------------------------------------------------------|:----|:----------------------------------|---------:|:--|
| Net increase in net assets resulting from operations                                                                        |     | $                                 |  126,834 |   |
| Adjustments