Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 26

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 26
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.30 |
| Second Quarter     |     |             |  0.02 |     |     |  0.02 |     |             |  1.00 |     |     | 0.50 |     |             |  2.50 |     |     |  2.50 |
| Third Quarter      |     |             | 0.015 |     |     | 0.015 |     |             |  0.50 |     |     | 0.25 |     |             |     0 |     |     |     0 |
| Fourth Quarter     |     |             |  0.32 |     |     | 0.015 |     |             |  0.25 |     |     | 0.01 |     |             |  2.00 |     |     |  1.50 |

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Required Vote

At the annual and special meeting, the Unitholders will be asked to approve the Transaction Resolution. The Transaction Resolution must be approved by (a) the affirmative vote of not less than 66/% of the votes cast by Unitholders; and (b) in accordance with MI 61-101, the affirmative vote of a majority of the votes cast by Unitholders other than by Mr. Dondero and certain entities affiliated with Mr. Dondero, in each case present in person or represented by proxy at the Meeting.

On the Record Date, approximately 82.86% of the outstanding Units were held by NHT’s trustees and executive officers and their affiliates. NHT currently expects that NHT’s trustees and executive officers will vote their Units in favor of the Transaction Resolution, although none has entered into any agreements obligating them to do so.

The Board unanimously recommends that the Unitholders vote “FOR” the Transaction Resolution.

Rights of Unitholders Will Change as a Result of the Mergers

The Unitholders will have different rights once they become shareholders of NXDT, due to differences between the governing documents of NHT and NXDT, along with differences in governing law.

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| MATTERS TO BE CONSIDERED AT THE MEETING |

| 1. | Financial Statements |

The financial statements of NHT for the year ended December 31, 2023, and the auditor’s report thereon will be placed before the Unitholders at