Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 541

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 541
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 penalties below even if he or she does not permanently benefit from the violation. Penalties include:

| • | civil injunctions; |

| • | treble damages; |

| • | disgorgement of profits; |

| • | jail sentences of up to 20 years and criminal fines of up to $5 million per violation; |

| • | civil fines for the person who committed the violation of up to three times the profit gained or loss avoided, whether or not the person actually benefited; |

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| • | fines for the employer or other controlling/supervisory person of up to the greater of $1.2 million or three times the amount of the profit gained or loss avoided plus, in the case of entities only, a criminal penalty of up to $2.5 million; and |

| • | criminal penalties up to 25 years in prison for knowingly executing a “scheme or artifice to defraud any person” in connection with any registered securities. |

In addition, any violation of this Policy statement can be expected to result in serious sanctions by the Company, including dismissal of the persons involved.

| VII. | Acknowledgment |

All Covered Persons must certify in writing that they have read and intend to comply with the procedures set forth in this Policy. See . Additionally, your broker-dealer will need to sign a Broker Instruction and Representation Letter in the event you establish a Rule 10b5-1 trading plan. See for a sample of such letter.

| VIII. | Amendment; Waivers |

The Board of Trustees of the Company reserves the right to amend this Policy at any time. The Board of Trustees of the Company, a committee of the Board, and, in some circumstances, their designees, may grant a waiver of this Policy on a case-by-case basis, but only under special circumstances.

| IX. | Other |

For purposes of this Policy, the terms “officers,” “employees,” “general counsel or the appropriate compliance officer,” “representatives,” “agents,” “Covered Persons” and “insiders” include, and this Policy applies to, individuals that are employed by NexPoint Real Estate Advisors X, L.P. (the “”), or an affiliate of the Adviser, and perform roles on behalf of the Company pursuant to the Advisory Agreement by and among the Company and the Adviser, as may be amended or restated from time to time.

Adopted and Approved:July 24,