Company: NXDT
Filing Date: 2025-01-30
Form Type: 424B5
Source: 0001437749-25-002263
Chunk: 61

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-30
Form: 424B5
Chunk 61
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 broker-dealers as a non-accountable marketing allowance, the dealer manager fee will also be used for certain costs included in FINRA’s 10.0% cap, such as the cost of the following activities:

| ● | travel and entertainment expenses; |

| ● | compensation of our dealer manager’s employees in connection with wholesaling activities, including but not limited to their non-transaction based compensation, travel expenses, meals and lodging; |

| ● | expenses incurred in coordinating broker-dealer seminars and meetings; |

| ● | wholesaling expense reimbursements paid by NexPoint Securities or its affiliates to other entities; |

| ● | the national and regional sales conferences of the participating broker-dealers; |

| ● | training and education meetings for registered representatives of our participating broker-dealers; and |

| ● | permissible forms of non-cash compensation to registered representatives of the participating broker-dealers, such as logo apparel items and gifts that do not exceed an aggregate value of $100 per annum per registered representative and that are not pre-conditioned on achievement of a sales target (including, but not limited to, seasonal gifts). |

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If the selling commissions and dealer manager fees reallowed to participating broker-dealers are insufficient to cover these costs, then we or our affiliates will pay such costs. However, in no event will such costs together with selling commissions, dealer manager fees and permissible forms of non-cash compensation, and all other forms of underwriting compensation, exceed FINRA’s 10.0% cap.

Sales of Series B Preferred Shares

We will not pay any selling commissions in connection with the sale of Series B Preferred Shares to investors whose contracts for investment advisory and related brokerage services include a fixed or “wrap” fee feature or sales of Series B Preferred Shares otherwise made to a client of an investment advisor through such advisor. The amount of selling commissions payable with respect to the sale of their Series B Preferred Shares may be reduced or eliminated (i) if the investor has engaged the services of a registered investment advisor or other financial advisor who will be paid compensation for investment advisory services or other financial or investment advice, or (ii) if the investor is investing through a bank trust account with respect to which the investor has delegated the decision-making authority for investments made through the account to a bank trust department. A dealer manager fee will still be charged in these fixed or “wrap” fee arrangements. The dealer manager reserves the right, in its sole discretion, to waive or reduce the dealer manager