Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 504

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 504
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19.1*  |     | Insider Trading Policy                                                                                                                                                                                                                                                                                                                    |
| 21.1*  |     | List of Subsidiaries of the Registrant                                                                                                                                                                                                                                                                                                    |
| 23.1*  |     | Consent of KPMG LLP                                                                                                                                                                                                                                                                                                                       |
| 23.2*  |     | Consent of Cohen & Company, Ltd.                                                                                                                                                                                                                                                                                                          |
| 31.1*  |     | Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                                                                    |
| 31.2*  |     | Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                                                                    |

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| 32.1+    
 97.1     |     | Certification of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 
 Clawback Policy (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K filed with the SEC on November 7, 2023).                                       |
|:---------|:----|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 101.INS* |     | Inline XBRL Instance Document (The instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document)                 |
| 101.SCH* |     | Inline XBRL Taxonomy Extension Schema                                                                                                                                                 |
| 101.CAL* |     | Inline XBRL Taxonomy Extension Calculation Linkbase                                                                                                                                   |
| 101.DEF* |     | Inline XBRL Taxonomy Extension Definition Linkbase                                                                                                                                    |
| 101.LAB* |     | Inline XBRL Taxonomy Extension Label Linkbase                                                                                                                                         |
| 101.PRE* |     | Inline XBRL Taxonomy Extension Presentation Linkbase                                                                                                                                  |
| 104      |     | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)                                                                                              |

_______________________

* Filed herewith.

† Management contract, compensatory plan or arrangement.

+ Furnished herewith.

Item 16. Form 10-K Summary

Not required.

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SIGNATURES</div>

Pursuant to the