Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 14

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 14
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 |     |             |       |     |     |       |     |             |       |     |     |       |
| First Quarter                 |     | $              | 16.34 |     | $   | 14.53 |     | $           | 16.20 |     | $   | 14.95 |     | $           | 17.08 |     | $   | 14.59 |
| Second Quarter                |     |                | 15.49 |     |     | 13.30 |     |             | 15.88 |     |     | 13.99 |     |             | 16.40 |     |     | 14.61 |
| Third Quarter                 |     |                |       |     |     |       |     |             | 15.90 |     |     | 13.51 |     |             | 16.20 |     |     | 14.26 |
| Fourth Quarter                |     |                |       |     |     |       |     |             | 16.43 |     |     | 14.83 |     |             | 15.90 |     |     | 13.95 |

(1) Through April 22, 2025. Following the Conversion, shares of New Common Stock and New Series A Preferred Stock will be listed and traded on the NYSE in the same manner as the Old Common Shares and Old Series A Preferred Shares currently are listed and traded on the NYSE. The historical trading prices of the Old Common Shares and Old Series A Preferred Shares are not necessarily indicative of the future trading prices of shares of New Common Stock and New Series A Preferred Stock.

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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</div>

This proxy statement/prospectus contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. In particular, statements relating to our liquidity and capital resources, our performance and our results of operations contain forward-looking statements. Furthermore, all of the statements regarding future financial performance (including market conditions and demographics) are forward-looking statements. We caution investors that any forward-looking statements presented in this proxy statement/prospectus are based on management’s current beliefs and assumptions made by, and information currently available to, management. When used, the words “anticipate,” “believe,” “expect,” “intend,”