Company: NXDT
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001437749-25-011826
Chunk: 130

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-11
Form: S-4
Chunk 130
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 with the audit committee concerning independence.

Taking all of these reviews and discussions into account, all of the audit committee members, whose names are listed below, recommended to the Board that it approve the inclusion of Old NXDT’s audited financial statements in Old NXDT’s Annual Report on Form 10-K for the year ended December 31, 2024 for filing with the SEC.

<div align='center'>Members of the Audit Committee</div>

| Edward Constantino (Chair) | Scott Kavanaugh | Dr. Arthur Laffer | Cathie Wood | Carol Swain |

<div align='center'>85

SHAREHOLDER PROPOSALS FOR THE 2026 ANNUAL MEETING OF SHAREHOLDERS</div>

In order to be included in Old NXDT’s proxy materials for the 2026 annual meeting of shareholders, a shareholder proposal must be received in writing by Old NXDT at 300 Crescent Court, Suite 700, Dallas, Texas 75201 by [____], 2025 and otherwise comply with all requirements of the SEC for shareholder proposals.

In addition, Old NXDT’s Bylaws provide that any shareholder who desires to make a trustee nomination or a proposal of other business at an annual meeting without including the nomination or proposal in Old NXDT’s proxy materials must give timely written notice of the proposal to Old NXDT’s Secretary. To be timely, the notice must be delivered to the above address not less than 120 nor more than 150 calendar days prior to the anniversary date of the immediately preceding year’s annual meeting (as defined in Old NXDT’s Bylaws). In the event the annual meeting is advanced or delayed by 25 calendar days of the date of the anniversary of the preceding year’s annual meeting, the notice must be received not earlier than 150 calendar days prior to the date of the annual meeting and not later than 5:00 p.m., Eastern Time, on the later of the 120th calendar day prior to such annual meeting and the tenth calendar day following the day on which notice of the date of the annual meeting is mailed or public announcement of the date of the annual meeting is first made, whichever first occurs. To be timely, a notice must be received no earlier than November 30, 2025 and no later than December 30, 2025. The notice must also describe the shareholder proposal in reasonable detail and provide certain other information required by Old NXDT’s Bylaws. A copy of Old NXDT’s Bylaws is available upon request from Old NXDT’s