Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 308

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 308
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 $— $— $1,222 (1)Interest expense295 59 59 59 59 59 — (1)Total$1,517 $59 $59 $59 $59 $59 $1,222 Series A Preferred SharesDistribution paymentsN/A(2)$4,618 $4,618 $4,618 $4,618 $4,618 N/A(2)Credit FacilityPrincipal payments$85,471 $27,485 $— $20,500 $— $— $37,486 Interest expense27,785 3,801 2,541 1,574 1,413 1,413 17,043 Total$113,256 $31,286 $2,541 $22,074 $1,413 $1,413 $54,529 Total contractual obligations and commitments$398,712 $306,313 $8,218 $27,751 $7,090 $16,679 $55,751 

(1)Assumes no additional borrowings or repayments. The Prime Brokerage (as defined below) balance has no stated maturity date.

(2)The Series A Preferred Shares are perpetual.

NXDT Advisory Agreement

As consideration for the Adviser’s services under the Advisory Agreement, we pay our Adviser the Fees, which includes the Advisory Fee equal to 1.00% of Managed Assets and the Administrative Fee equal to 0.20% of the Company’s Managed Assets. The Advisory Agreement provides that the Administrative Fees shall be paid in cash and the monthly installment of the Advisory Fees shall be paid one-half in cash and one-half in common shares of the Company, subject to certain restrictions. For additional information, see Note 14 to our consolidated financial statements. 

We also generally reimburse our Adviser for operating or offering expenses it incurs on our behalf or in connection with the services it performs for us. Direct payment of operating expenses by us together with reimbursement of operating expenses to the Adviser, plus compensation expenses relating to equity awards granted under a long-term incentive plan and all other corporate general and administrative expenses of the Company, including the Fees payable under the Advisory Agreement, may not exceed the Expense Cap of 1.5% of Managed Assets, calculated as of the end of each quarter, for the twelve-month period following the Company