Company: NXDT
Filing Date: 2025-02-14
Form Type: 425
Source: 0001437749-25-004022
Chunk: 1

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-02-14
Form: 425
Chunk 1
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the “Transaction”).

Details of the Meeting

The Meeting will be held in a virtual-only format, which will be conducted via live webcast over the internet on Friday, February 21, 2025 at 10:00 a.m. (Toronto time) at https://virtual-meetings.tsxtrust.com/1736. Unitholders of record at the close of business on December 30, 2024 (the “Record Date”) will be entitled to vote at the Meeting.

NHT’s notice of meeting, management information circular (the “Circular”) and accompanying form of proxy and letter of transmittal in respect to the Meeting (collectively the “Meeting Materials”) were mailed on January 31, 2025 to Unitholders of record as of the Record Date and are available on the REIT’s profile on SEDAR+ at www.sedarplus.ca. If you have not received your Meeting Materials and you are a non-registered Unitholder, you should contact your broker. If you have not received your Meeting Materials and you are a registered Unitholder, please contact TSX Trust Company by e-mail at shareholderinquiries@tmx.com. The Meeting Materials outline in detail how to participate in the Meeting.

Additional Details Regarding the Excluded Votes

The votes in respect to the 875,846 Units held by the directors and senior officers of NXDT to be excluded for the purposes of minority approval requirements pursuant to the Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, are more specifically held by Matthew McGraner, the Executive VP and Chief Investment Officer of NXDT.

Additional Details Regarding the COVID Loans and the CDOR Loans

As described under the heading “Approval of Amendments to COVID Loans” in the Circular, the COVID Loans consists of twelve (12) loans the REIT received from entities controlled or managed by James Dondero between September 2019 and June 2021, in the aggregate amount of $15,624,41.00. The proceeds from the COVID Loans were principally used to fund the REIT’s operating expenses, interest and principal payments on outstanding indebtedness during the COVID-19 pandemic to allow the REIT to continue as a going concern.

As described under the heading “Approval of Amendments to CDOR Loans” in the Circular, the CDOR Loans consists of two (2) convertible promissory notes on October 23, 2020 and December 30, 2020, issued by CD