Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 293

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 293
---
 or other matters. The Chair will have the power and authority to oversee treatment of such complaints. |

| (2) | Complaints are to be directed to the attention of the Chair. |

<div align='center'>H-6</div>

| (3) | The Committee should endeavour to keep the identity of the complainant confidential. |

| (4) | The Chair will have the power and authority to lead the review and investigation of a complaint. The Committee should retain a record of all complaints received. Corrective action may be taken when and as warranted. |

<div align='center'>H-7

APPENDIX I

NXDT PUBLIC DISCLOSURE

I-1</div>

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION
<div align='center'>Washington, D.C. 20549

_____________________________________________________________________________________

FORM 10-K

_____________________________________________________________________________________</div>

(Mark One)

| x |     | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

<div align='center'>For the fiscal year ended December 31, 2023

OR</div>

| o |     | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

<div align='center'>For the transition period fromto

Commission File Number 001-32921

_____________________________________________________________________________________

NexPoint Diversified Real Estate Trust

(Exact Name of Registrant as Specified in Its Charter)

_____________________________________________________________________________________</div>

| Delaware                        |     | 80-0139099         |
| (State or other Jurisdiction of 
 Incorporation or Organization)  |     | -I.R.S. Employer   
 Identification No. |

| 300 Crescent Court, Suite 700, Dallas, Texas 
 (Address of Principal Executive Offices)     |     | 75201      
 (Zip Code) |

<div align='center'>(214) 276-6300

(Telephone Number, Including Area Code)

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:</div>

| Title of each class                                        |     | Trading Symbol |     | Name of each exchange on which registered |
| Common Shares, par value $0.001 per share                  |     | NXDT           |     | New York Stock Exchange                   |
| 5.50%