Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 233

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 233
---
 has at any time since the beginning of the most recently completed financial year been indebted to NHT or any of its subsidiaries or another entity whose indebtedness is the subject of a guarantee, support agreement, letter of credit or other similar agreement or understanding provided by NHT or any of its subsidiaries.

| INTERESTS OF CERTAIN PERSONS OR COMPANIES IN MATTERS TO BE ACTED UPON |

Other than as disclosed herein, none of the Trustees or executive officers of NHT who have been a Trustee or executive officer at any time since the beginning of NHT’s last financial year, none of the proposed nominees for election as Trustees of NHT, and no associate or affiliate of any of the foregoing, has any material interest, direct or indirect, by way of beneficial ownership of securities or otherwise, in any matter to be acted upon at the Meeting.

| INTEREST OF INFORMED PERSONS IN MATERIAL TRANSACTIONS |

Other than as set forth in this Information Circular and below, to the knowledge of the Trustees of NHT, no informed person (as defined in National Instrument 51-102 – Continuous Disclosure Obligations) of NHT, no proposed Trustee of NHT and no known associate or affiliate of any such informed person or proposed Trustee, since the commencement of the year ended December 31, 2023, has or has had any material interest, direct or indirect, by way of beneficial ownership of securities or otherwise, in any transaction which has or would materially affect NHT or any of its subsidiaries.

In connection with NHT’s initial public offering, NHT acquired its portfolio of 11 hotel properties, in part, from certain principals and affiliates of the Advisor, including James Dondero (the “Initial Contribution”). Details of the Initial Contribution are set forth in NHT’s final initial public offering prospectus dated March 27, 2019 available on the SEDAR+ website at www.sedarplus.ca.

On March 29, 2019, NHT entered into the Advisory Agreement with the Advisor, an entity affiliated with certain named executive officers, including James Dondero. The Advisory Agreement is available on the SEDAR+ website at www.sedarplus.ca.

NexPoint Real Estate Opportunities LLC (“NREO”), an entity indirectly controlled by James Dondero, loaned NHT an aggregate of $2,643,000 evidenced by two promissory notes dated as of January 8, 2019 and one promissory note dated as