Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1526

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1526
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 of the calendar quarter, a report containing unaudited financial statements of the Partnership, or of the Company, if such statements are prepared solely on a consolidated basis with the Company, and such other information as may be required by applicable law or regulation, or as the General Partner, following Partnership Board Approval, determines to be appropriate; that if such financial statements of the Company are available on the Securities and Exchange Commission’s website, then this obligation shall be satisfied.

(c) The Partnership shall also cause to be promptly prepared such reports and/or information as are necessary for the Company to determine its qualification as a REIT and its compliance with the requirements for REITs pursuant to the Code and Regulations.

<div align='center'>ARTICLE 10.
TAX MATTERS</div>

Section 10.1. .

The General Partner shall arrange for the preparation and timely filing of all returns of Partnership income, gains, deductions, losses and other items required of the Partnership for federal and state income tax purposes and shall furnish by July 31 of the year immediately following each taxable year, or as soon as reasonably practicable thereafter, the tax information reasonably required by Limited Partners for federal and state income tax reporting purposes , the General Partner shall engage the person approved by the Partnership Board to prepare and file all such returns.

Section 10.2. .

Except as otherwise provided herein, the General Partner shall, following Partnership Board Approval, determine whether to make any available election pursuant to the Code. Notwithstanding the above, in making any such tax election the General Partner and the Partnership Board may, but shall be under no obligation to, take into account the tax consequences to the Limited Partners resulting from any such election.

<div align='center'>50

I-1193</div>

The General Partner can, following Partnership Board Approval, elect to use any method permitted by Section 704(c) of the Code and the Regulations thereunder to take into account any variation between the adjusted basis of any property contributed (or deemed contributed) to the Partnership and such property’s initial Carrying Value; , , the traditional method with curative allocations under Section 1.704-3(c) of the Treasury Regulations shall be utilized with respect to any assets deemed contributed to the Partnership for U.S. federal income tax purposes pursuant to the transactions contemplated by the Purchase Agreements. The General Partner, following Partnership Board Approval, shall have the right to seek to revoke any tax election it makes (including, without limitation, an election under Section 754 of the Code) upon the General