Company: NXDT
Filing Date: 2025-08-22
Form Type: S-3
Source: 0001437749-25-027604
Chunk: 10

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-08-22
Form: S-3
Chunk 10
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 the Advisory agreement.

Up to 6,000,000 of our common shares may be offered for resale by the selling shareholders under this prospectus. This includes the 1,569,682.49 of our common shares previously issued to the Adviser as payment of the fees under the Advisory Agreement, plus an additional 4,430,317.51 of our common shares which may be issued in payment of the fees under the Advisory Agreement.

The following table sets forth the number of common shares being offered by the selling shareholders based on the assumptions that: (i) all shares registered for sale by this registration statement will be sold by or on behalf of the selling shareholders and (ii) other than pursuant to the Advisory Agreement, no common shares will be acquired prior to completion of this offering by the selling shareholders. The following table also sets forth the number of shares known to us, based upon information supplied by the selling shareholders, to be beneficially owned by the selling shareholders as of August 22, 2025. The selling shareholders are not making any representation that any shares covered by this prospectus will be offered for sale. The selling shareholders may sell all, some or none of their common shares in future offerings under this prospectus; provided, however, for purposes of the table below, we assume that all of the shares covered by this prospectus will be sold.

We have determined beneficial ownership in accordance with the rules of the Securities and Exchange Commission. Under these rules, beneficial ownership includes any common shares as to which the person or the entity has sole or shared voting power or investment power. Unless otherwise indicated below, to our knowledge, all persons or entities named in the table have sole voting and investment power with respect to the common shares beneficially owned by them. Except as described in the footnotes to the following table and under “Material Relationships with Selling Shareholders” below, none of the persons or entities named in the table has held any position or office or had any other material relationship with us or our affiliates during the three years prior to the date of this prospectus. The inclusion of any common shares in this table does not constitute an admission of beneficial ownership for the person or entity named below.

The percentages in the table are based on 47,348,941.52 common shares outstanding as of August 14, 2025.

| Name of selling                          
 shareholder                              |     | Common       
 shares       
 beneficially 
 owned prior  
 to offering  |              |     | Percentage   
 of common    
 shares       
 beneficially