Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 448

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 448
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 NXDT to the full extent permitted by law, provided that such indemnification has been approved by a majority of Old NXDT’s trustees.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to trustees, officers or persons controlling Old NXDT pursuant to the foregoing provisions, Old NXDT has been advised that in the opinion of the staff of the SEC, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

<div align='center'>II-1</div>

Item 21. Exhibit and Financial Statement Schedules.

| Exhibit |     | Description                                                                                                                                                                                                             |
| 2.1     |     | Agreement and Plan of Conversion, dated as of February 24, 2025 (incorporated by reference to Exhibit 2.1 to Old NXDT’s Form S-4 (333-286498) filed with the SEC on April 11, 2025).                                    |
| 3.1     |     | Articles of Incorporation of New NXDT (to be effective at the effective time of the Conversion) (incorporated by reference to Exhibit 3.1 to Old NXDT’s Form S-4 (333-286498) filed with the SEC on April 11, 2025).    |
| 3.2     |     | New NXDT Bylaws (to be effective at the effective time of the Conversion) (incorporated by reference to Exhibit 3.2 to Old NXDT’s Form S-4 (333-286498) filed with the SEC on April 11, 2025).                          |
| 3.3     |     | Restated Certificate of Trust of NexPoint Diversified Real Estate Trust, effective July 1, 2022 (incorporated by reference to Exhibit 3.1 to Old NXDT’s Current Report on Form 8-K filed with the SEC on July 1, 2022). |
| 3.4     |     | Declaration of Trust of NexPoint Diversified Real Estate Trust, dated July 1, 2022 (incorporated by reference to Exhibit 3.2 to Old NXDT’s Current Report on Form 8-K filed with the SEC on July 1, 2022).              |
| 3.5     |     | Bylaws of NexPoint Diversified Real Estate Trust, dated July 1, 2022 (incorporated by reference to Exhibit 3