Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 182

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 182
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 date of 10% of the regularly traded class of New NXDT’s outstanding shares with the lowest fair market value. If a non-U.S. stockholder holds a class of shares of New Stock that is not regularly traded on an established securities market, and subsequently acquires additional shares of the same class, then all such shares must be aggregated and valued as of the date of the subsequent acquisition for purposes of the 10% test that is described in the preceding sentence. If tax under FIRPTA applies to the gain on the sale of shares of New Stock, the same treatment would apply to the non-U.S. stockholder as to U.S. stockholders with respect to the gain, subject to any applicable alternative minimum tax and a special alternative minimum tax in the case of nonresident alien individuals.

Backup Withholding and Information Reporting. If you are a non-U.S. stockholder, New NXDT and other payers are required to report payments of dividends on IRS Form 1042-S even if the payments are exempt from withholding. However, non-U.S. stockholders are otherwise generally exempt from backup withholding and information reporting requirements with respect to dividend payments and the payment of the proceeds from the sale of shares of New Stock effected at a U.S. office of a broker, as long as:

| ● | the income associated with these payments is otherwise exempt from U.S. federal income tax; and |

| ● | the payor or broker does not have actual knowledge or reason to know that such non-U.S. stockholder is a U.S. person and such non-U.S. stockholder has furnished to the payor or broker: |

| ● | a valid IRS Form W-8BEN or W-8BEN-E, as applicable, or an acceptable substitute form upon which such non-U.S. stockholder certifies, under penalties of perjury, that it is a non-U.S. person, or |

| ● | other documentation upon which the payor or broker may rely to treat the payments as made to a non-U.S. person in accordance with U.S. Treasury regulations; or |

| ● | such non-U.S. shareholder otherwise establishes an exemption. |

Payment of the proceeds from the sale of shares of New Stock effected at a foreign office of a broker generally will not be subject to information reporting or backup withholding. However, a sale of such shares that is effected at a foreign office of a broker will be subject to information reporting and backup withholding if:

| ● | the proceeds are transferred