Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 534

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 534
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I-327

I-328

I-329</div>

Exhibit 19.1

<div align='center'>NEXPOINT DIVERSIFIED REAL ESTATE TRUST

INSIDER TRADING POLICY</div>

| I. | Introduction |

The purpose of this Insider Trading Policy (this “”) is to promote compliance with applicable securities laws by NexPoint Diversified Real Estate Trust (the “”) and its subsidiaries and all trustees, officers and employees thereof (and members of the foregoing persons’ immediate families and households), in order to preserve the reputation and integrity of the Company and the Adviser (as defined in Section IX below), as well as that of all persons affiliated with them. Questions regarding this Policy should be directed to the general counsel or the appropriate compliance officer of the Company.

| II. | Policy |

It is the Company’s policy to comply with all applicable federal and state securities laws, including those relating to buying or selling securities in the Company (“”). In the course of conducting the Company’s business, employees or representatives may become aware of material, nonpublic information regarding the Company, its subsidiaries and divisions, or other companies with which we do business (this so-called “material, nonpublic information” is defined in Section IV below). Employees or agents of the Company and members of their immediate families may not buy or sell Company Securities, or securities of any other publicly held company, while in possession of material, nonpublic information obtained during the course of employment or other involvement with Company business, even if the decision to buy or sell is not based upon the material, nonpublic information.

In addition, entities such as trusts or foundations over which an employee has control, may not buy or sell securities while the employee is in possession of such material, nonpublic information. If you have material, nonpublic information, you may not disclose that information to others, even to family members or other employees, except for employees whose job responsibilities require the information.

This Policy will continue to apply to any employee or agent whose relationship with the Company terminates as long as the individual possesses material, nonpublic information that he or she obtained in the course of their employment or relationship with the Company.

For additional information regarding the persons covered by this Policy, see Section IX below.

| III. | Applicability |

The general policy stated above applies to all employees. In order to ensure compliance with this Policy, the Board of Trustees of the Company has adopted the following additional procedures, which apply to trustees, officers and certain employees