Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2284

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2284
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931 |     |           |  (41,662 | ) |     |     | (34,885 | ) |
| Unrealized gain (loss) on derivatives |     |      |     — |     |           |   (9,485 | ) |     |     |       — |   |
| Total comprehensive income (loss)     |     | $    | 9,378 |     | $         | (101,882 | ) |     | $   | (37,560 | ) |

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8. Fair Value of Financial Instruments

The table below summarizes the Company’s assets within the valuation hierarchy carried at fair value on a recurring basis as of March 31, 2024 (in thousands):

| Assets              |     | Cost Basis |         |     | Fair Value 
 Level 1    |        |     | Level 2 |        |     | Level 3 |         |     | Total |         |
|:--------------------|:----|:-----------|--------:|:----|:-----------|-------:|:----|:--------|-------:|:----|:--------|--------:|:----|:------|--------:|
| Bond                |     | $          |      17 |     | $          |      — |     | $       |     41 |     | $       |       — |     | $     |      41 |
| CLO                 |     |            |     187 |     |            |      — |     |         |      — |     |         |       — |     |       |       — |
| Common stock        |     |            | 312,062 |     |            | 39,875 |     |         |      — |     |         | 174,386 |     |       | 214,261 |
| Convertible notes   |     |            |  46,385 |     |            |      — |     |         |      — |     |         |  41,441 |     |       |  41,441 |
| LLC interest        |     |            |  66,825 |     |            |      — |     |         |      — |     |         |  40,462 |     |       |  40,462 |
| LP interest         |     |            | 328,636 |     |            |      — |