Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 0

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 0
---
 E Fairness Opinion                    | E-1 |
| Appendix F Change of Auditor Reporting Package | F-1 |
| Appendix G Board Charter                       | G-1 |
| Appendix H Audit Committee Charter             | H-1 |
| Appendix I NXDT Public Disclosure              | I-1 |
| Appendix J Agreement and Plan of Merger        | J-1 |

<div align='center'>- iii -</div>

| NOTICE OF ANNUAL AND SPECIAL MEETING OF UNITHOLDERS |

NOTICE IS HEREBY GIVENthat an annual and special meeting (the “Meeting”) of the holders of trust units (“Unitholders”) of NexPoint Hospitality Trust (“NHT” or the “REIT”) will be held virtually via live webcast on February 21, 2025 at 10:00a.m. (Toronto time), for the following purposes:

| 2. | TO ELECT members of the board of trustees of NHT for the ensuing year; |

| 3. | TO APPOINT the auditor of NHT for the ensuing year and to authorize the board of trustees of NHT to fix the remuneration of the auditor; |

| 4. | TO CONSIDER, and if deemed advisable, to pass an ordinary resolution (in the form attached as Appendix B to the accompanying information circular/prospectus) approving certain amendments to the convertible promissory notes issued by the REIT between September 2019 and May 2021, which resolution, to be effective, must be passed by an affirmative vote of a simple majority of the votes cast by the Unitholders, excluding the votes cast by such Unitholders that are required to be excluded pursuant to Multilateral Instrument 61 - 101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”); |

| 5. | TO CONSIDER, and if deemed advisable, to pass an ordinary resolution (in the form attached as Appendix C to the accompanying information circular/prospectus) approving certain amendments to the convertible promissory notes issued by CDOR Option Sub, LLC on October 30, 2020 and December 22, 2020, which resolution, to be effective, must be passed by an affirmative vote of a simple majority of the votes cast by the Unitholders, excluding the votes cast by such Unitholders that are required to be excluded pursuant MI 61-101; |

| 6. | TO CONSIDER, and if deemed advisable, to