Company: NXDT
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001437749-25-011826
Chunk: 17

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-11
Form: S-4
Chunk 17
---
 Series A Preferred Shares are listed on NYSE under the symbol “NXDT PA.” On April [__], 2025, the most recent trading date prior to the public announcement of the Conversion, the closing price per Old Common Share was $[__], and the closing price per Old Series A Preferred Share was $[__]. You should obtain a current price quotation for the Old Common Shares and Old Series A Preferred Shares. The Old Series B Preferred Shares have no established trading market, and we do not expect one to develop.

<div align='center'>8</div>

The following tables set forth the high and low sales prices of the Old Common Shares and the Old Series A Preferred Shares as reported in the NYSE’s consolidated transaction reporting system, respectively, for the calendar quarters indicated.

| Fiscal Quarters               
 Old Common Shares             |     | Fiscal 2025(1) 
 High           |       |     | Low |       |     | Fiscal 2024 
 High        |       |     | Low |       |     | Fiscal 2023 
 High        |       |     | Low |       |
|:------------------------------|:----|:---------------|------:|:----|:----|------:|:----|:------------|------:|:----|:----|------:|:----|:------------|------:|:----|:----|------:|
| First Quarter                 |     | $              |  6.20 |     | $   |  3.69 |     | $           |  7.99 |     | $   |  6.01 |     | $           | 13.30 |     | $   |  9.73 |
| Second Quarter                |     |                | [   ] |     |     | [   ] |     |             |  6.55 |     |     |  4.74 |     |             | 12.52 |     |     |  9.14 |
| Third Quarter                 |     |                |       |     |     |       |     |             |  6.62 |     |     |  5.25 |     |             | 12.80 |     |     |  8.40 |
| Fourth Quarter                |     |                |       |     |     |       |     |             |  7.60 |     |     |  5.05 |     |             |  8