Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 89

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 89
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 issued upon exercise of                   
 outstanding options,                      
 warrants and rights                       |     | Weighted-average     
 exercise price of    
 outstanding options, 
 warrants and rights  |     | Number of securities                
 remaining available for             
 future issuance under               
 equity compensation                 
 plans (excluding                    
 securities issuable upon            
 exercise of outstanding             
 options, warrants and               
 rights)                             |
| Equity compensation plans approved by securityholders     |     |                                           |     |                      |     |                                     |
| 2023 Plan                                                 |     | 1,438,052 of Old NXDT’s Common Shares (1) |     | N/A                  |     | 931,824 of Old NXDT’s Common Shares |
| Equity compensation plans not approved by securityholders |     |                                           |     |                      |     |                                     |
| None                                                      |     | —                                         |     | N/A                  |     | —                                   |
| Total                                                     |     | 1,438,052 of Old NXDT’s Common Shares     |     | N/A                  |     | 931,824 of Old NXDT’s Common Shares |

(1) Represents restricted share units issued under our 2023 Plan.

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CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</div>

The following is a summary of transactions that occurred on or were in effect after January 1, 2023 to which we have been a party in which the amount involved exceeded the lesser of $120,000 or one percent of the average of our total assets at year-end for the last two completed fiscal yearsand in which any of our executive officers, trustees or beneficial holders of more than 5% of our transferable units of beneficial interests had or will have a direct or indirect material interest.

Our Adviser

Old NXDT is externally managed by the Adviser, through the Advisory Agreement for an initial three-year term that will expire on July 1, 2025 and successive one-year terms thereafter unless earlier terminated. The Adviser manages the day-to-day operations of Old NXDT and provides investment management services. All of Old NXDT’s investment decisions are made by the Adviser, subject to general oversight by the Adviser’s investment committee and Old NXDT’s Board. The Adviser is wholly owned by our Sponsor. The members of our Adviser’s investment committee are James Dondero and Matt McGraner.

Old NXDT’s Advisory Agreement

We pay our Adviser annual fees. We do not pay any incentive fees to