Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 279

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 279
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 no reportable events (as defined in NI 51-102) that have occurred in the relevant period during which the Former Auditor was the Trust’s auditor. |

The Trust has requested from the Successor Auditor a letter addressed to the securities regulatory authorities of each of the provinces of Canada other than Quebec, stating whether or not they agree with the above statements. A copy of such letter is filed on SEDAR+.

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The Trust has requested from the Former Auditor (i) confirmation that its letter filed with the securities regulatory authorities of each of the provinces of Canada other than Quebec dated December 3, 2023 does not have to be updated (the “Initial Response Letter”), or (ii) an updated letter addressed to the securities regulatory authorities of each of the provinces of Canada other than Quebec to replace the Initial Response Letter (the “Updated Response Letter”). Copies of the Initial Response Letter and the Updated Response Letter, as applicable, are filed on SEDAR+.

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F-4</div>

Yours very truly,

NEXPOINT HOSPITALITY TRUST

Per: Brian Mitts

Name: Brian Mitts

Title: Chief Financial Officer

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| 222 Second Avenue South Suite 1840 
 Nashville, Tennessee 37201         
 615.416.6800                       
 www.frazierdeeter.com              |

December 3, 2023

Ontario Securities Commission Alberta Securities Commission

British Columbia Securities Commission The Manitoba Securities Commission

Financial and Consumer Services Commission (New Brunswick) Office of the Superintendent of Securities (Newfoundland & Labrador) Nova Scotia Securities Commission

The Office of the Superintendent Securities (Prince Edward Island) Financial and Consumer Affairs Authority of Saskatchewan

Dear Sir/Madam:

Re: Notice of Change of Auditors of NexPoint Hospitality Trust (the "Trust")

We have read the Notice of the Trust dated November 29, 2023 and are in agreement with the statements contained in such Notice except that we are not in a position to agree or disagree with the Trust's statement that the resignation of Frazier & Deeter has been considered by the Trust's board of trustees.

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January 12, 2024

| TO: | Ontario Securities Commission Alberta Securities Commission                                                                                                       
 British Columbia Securities Commission The Manitoba Securities Commission                                                                                         
 Financial and Consumer Services Commission (New Brunswick)