Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 46

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 46
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 Old NXDT’s shareholders, it will be effective as of the day of the Annual Meeting. Awards previously granted under the 2023 Plan would be unaffected by the adoption of the A&R 2023 Plan, and such awards would remain outstanding under the terms pursuant to which they were granted. If the A&R 2023 Plan is not approved by Old NXDT’s shareholders, no awards will be made under the A&R 2023 Plan and the 2023 Plan will remain in effect in its current form.

In evaluating this proposal, shareholders should consider all of the information in this proposal.

<div align='center'>The Board unanimously recommends a vote FOR the approval of the amendment and restatement of the NexPoint Diversified Real Estate Trust 2023 Long Term Incentive Plan.</div>

Summary of Material Terms of the A&R 2023 Plan

The following description of the A&R 2023 Plan and the above executive summary are only a summary of the A&R 2023 Plan’s principal terms and provisions and are qualified in their entirety by reference to the full copy of the A&R 2023 Plan, attached as to this proxy statement/prospectus.

Purpose

The A&R 2023 Plan is designed to provide competitive incentives intended to attract, retain, incentivize and reward eligible participants.

Eligibility for Participation

Certain individuals selected by the Compensation Committee who are an officer or other key employee of the Company Group (or have agreed to serve in such capacity within 90 days of the grant date), an individual providing services to the Company Group (provided he or she satisfy the Form S-8 definition of “employee”) or a non-employee trustee of Old NXDT at the time of an award’s grant are eligible to participate in the A&R 2023 Plan. Under the A&R 2023 Plan, “Company Group” includes (i) Old NXDT and any of its affiliates or subsidiaries, including our Adviser and the OP, (ii) any entity, directly or indirectly, through one or more intermediaries, controlling, controlled by or under common control with the Adviser, or (iii) the successors of any of the entities in romanettes (i) and (ii) (together, the “Company Group” and any member of the Company Group, a “Company Group Member”).

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As of March 31, 2025, there were approximately 35 employees of our Company Group and six non-employee trustees