Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 97

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 97
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uator’s prior written consent. A copy of the Prior Valuation is available on SEDAR+ at www.sedarplus.ca and is available for inspection at 300 Crescent Court, Suite 700, Dallas, Texas 757201 USA. Disclosure of the Prior Valuation is being provided without the Valuator’s consent, in accordance with Section 6.10 of MI 61-101. The REIT and the Valuator expressly disclaim, and accept no liability for, the Prior Valuation.

Disclosure is also required for any bona fide prior offer for the Units during the 24-month period before entry into the Merger Agreement. There has not been any such offer during such 24-month period.

No securities of the REIT were purchased or sold by the REIT during the twelve months preceding the date of this Information Circular.

The REIT estimates that third party expenses in the aggregate amount of approximately $500,000 will be incurred by the REIT in connection with the Transaction, including legal, financial advisory, accounting, filing and printing costs, the costs of preparing and mailing this Information Circular and fees in respect of the Fairness Opinion. Pursuant to the Merger Agreement, all costs and expenses of the parties in connection with the Transaction are to be paid by the party incurring such expenses.

Risk Factors

Unitholders should carefully consider the following risks related to the Transaction in evaluating whether to approve the Transaction Resolution. Additional risks and uncertainties, including those currently unknown to or considered immaterial by the REIT may also adversely affect the Transaction. The following risk factors are not a definitive list of all risk factors associated with the Transaction.

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Risks of non-completion of the Transaction

There are risks to the REIT of the Transaction not being completed, including the costs to the REIT incurred in pursuing the Transaction, the consequences and opportunity costs of the suspension of strategic pursuits of the REIT in accordance with the terms of the Merger Agreement and the risks associated with the temporary diversion of the REIT management’s attention away from the conduct of the REIT’s business in the ordinary course. If the Transaction is not completed, the market price of the Units may be materially adversely affected. In addition, if the Transaction is not completed for any reason, there are risks that the announcement of the Transaction and the dedication of substantial resources of the REIT to the completion thereof could have a negative impact on the REIT’s current business relationships and could have a material adverse effect on the