Company: NXDT
Filing Date: 2025-01-30
Form Type: 424B5
Source: 0001437749-25-002263
Chunk: 8

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-30
Form: 424B5
Chunk 8
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 subject to general oversight by the Adviser’s investment committee and our Board. The Adviser is wholly owned by our Sponsor.

Corporate Information

The Company was originally formed as a Delaware statutory trust on March 10, 2006 under the name “Highland Credit Strategies Fund” and changed its name to “NexPoint Diversified Real Estate Trust” in 2021. We have elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”) commencing with our taxable year ended December 31, 2021. Our principal executive offices are located at 300 Crescent Court, Suite 700, Dallas, Texas 75201. The Company’s telephone number is (214) 276-6300. We maintain a website located at http://nxdt.nexpoint.com. The information contained on or that can be accessed through our website is not incorporated into and does not constitute a part of this prospectus supplement, the accompanying prospectus or any other report or document we file with or furnish to the SEC.

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THE OFFERING The offering terms are summarized below solely for your convenience. For a more complete description of the terms of our Series B Preferred Shares, see“ Description of Series B Preferred Shares” in this prospectus supplement and, with respect to our preferred shares generally,“ Description of Capital Shares” beginning on page 4 of the accompanying prospectus.

| Issuer                                  |     | NexPoint Diversified Real Estate Trust                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Series B Preferred Shares Offered by Us |     | A maximum of 16,000,000 shares of 9.00% Series B Cumulative Redeemable Preferred Shares will be offered through our dealer manager on a reasonable best efforts basis, at a public offering price of $25.00 per share. The initial closing of the offering is expected to occur on or about February 7, 2025.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Manner of Offering                      |     | The dealer manager for this offering is NexPoint Securities, an affiliate of our Adviser. The dealer manager is not required to sell any specific number or dollar amount of Series B Preferred Shares, but will use its “reasonable best efforts” to sell the Series B Preferred Shares in this offering. The minimum permitted purchase is generally $5,000 but purchases of less than $5,000 may be made in the sole discretion of