Company: NXDT
Filing Date: 2025-02-21
Form Type: 425
Source: 0001437749-25-004752
Chunk: 5

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-02-21
Form: 425
Chunk 5
---
; and (b) the merger of the REIT’s subsidiary entities with and into entities owned or controlled, directly or indirectly, by NXDT, was approved by: (i) the affirmative vote of not less than two-thirds (66 /%) of the votes cast upon such Transaction Resolution by the unitholders of the REIT present in person or represented by proxy at the Meeting; and (ii) the affirmative vote of a majority of the votes cast upon the Transaction Resolution by the unitholders of the REIT present in person or represented by proxy at the Meeting, excluding votes attached to such units held by persons described in items (a) through (d) of section 8.1(2) of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, being NXDT, James Dondero and certain entities affiliated with Mr. Dondero.

Unitholders present in person or represented by proxy at the Meeting voted as follows:

| Category of Voting                                                                
 Unitholder                                                                        |  Votes For | % For | Votes Against | % Against |
| All voting unitholders                                                            | 25,714,379 | 100%  |             0 | 0.00%     |
| All voting unitholders except NXDT, James Dondero and certain affiliated entities |  2,367,584 | 100%  |             0 | 0.00%     |

Dated this 21 day of February, 2025.

NEXPOINT HOSPITALITY TRUST

| By: | “Paul Richards”                |
|     | Name: Paul Richards            
 Title: Chief Financial Officer |