Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 29

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 29
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 granted the right to nominate a maximum of one Trustee. For so long as the NexPoint Holders have nomination rights under the Investor Rights Agreement, the Board of Trustees will be restricted from nominating more than five Trustees. For clarity, this restriction does not affect the ability of a Unitholder to nominate Trustees in accordance with the terms of the Declaration of Trust or applicable law. The Investor Rights Agreement is available on the SEDAR+ website at www.sedarplus.ca.

As of the Record Date, the Board was comprised of four Trustees and the NexPoint Holders owned, in the aggregate, 29% of the outstanding Units (determined as if all Class B Units are redeemed for Units) and are therefore entitled to nominate one Trustee at the Meeting. Currently, James Dondero, who serves on the Board pursuant to the NexPoint Holders’ nomination right, is nominated for re-election pursuant to the NexPoint Holders’ nomination right at the Meeting.

The persons named in the Form of Proxy, if not expressly directed to the contrary in such Form of Proxy, intend to vote for the election, as Trustees, of the proposed nominees whose names are set out below. It is not contemplated that any of the proposed nominees will be unable to serve as a Trustee but, if that should occur for any reason prior to the Meeting, the persons named in the Form of Proxy reserve the right to vote for another nominee at their discretion. Each nominee elected as a Trustee will hold office until the close of the next annual meeting of the Unitholders or until his or her successor is elected or appointed. The Declaration of Trust provides for the Board to consist of a minimum of one and a maximum of nine Trustees. The Board currently has four Trustees and it is proposed that four Trustees be elected at the Meeting.

The following information sets forth the names of, and certain other biographical information for, the four individuals proposed to be nominated for election as Trustees at the Meeting.

| JAMES DONDERO                |     | Principal Occupation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Age:  62                     
 Location: Dallas, Texas, USA 
 Trustee Since: February 2019 
 Status: NOT INDEPENDENT      |     | Mr. Dondero serves as a Trustee of NHT and is Chair of the Board. He is a member of NHT’s Audit Committee and Compensation, Governance and Nominating Committee. Mr. Dondero also serves as NHT’s Chief Executive Officer. He is