Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1765

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1765
---
2,028 |   |     |   |         — |     |   | —            |   |     |   | —                 |     |   |           — |   |     |   |                 (8,145 | ) |     |   |       217,024 |
| Senior loan       |     |   |            43,341 |     |   |              — |   |     |   |     1,960 |     |   | (4,971       | ) |     |   | —                 |     |   |          11 |   |     |   |                    174 |   |     |   |        40,515 |
| Total             |     | $ |           686,936 |     | $ |         (3,982 | ) |     | $ |     1,960 |     | $ | (7,970       | ) |     | $ | —                 |     | $ |        (491 | ) |     | $ |                (27,255 | ) |     | $ |       649,198 |

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I-1392</div>

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the significant unobservable inputs used in the fair valuation of assets categorized within Level 3 of the fair value hierarchy as of June 30, 2024.

| Category          |     | Valuation Technique            |     | Significant Unobservable Inputs                       |     | Input Value(s)    
 (Arithmetic Mean) |        |    |     |   |        |   |     |       |        |    |     |         |        |    |     | Fair Value |         |
|:------------------|:----|:-------------------------------|:----|:------------------------------------------------------|:----|:------------------|-------:|:---|:----|:--|-------:|:--|:----|:------|-------:|:---|:----|:--------|-------:|:---|:----|:-----------|--------:|
| Common Stock      |     | Market Approach                |     | Unadjusted Price/MHz-PoP                              |     | $                 |   0.10 |    |     |   |      — |   |     | $     |   0.90 |    |     | $