Company: NXDT
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001437749-25-011826
Chunk: 87

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-11
Form: S-4
Chunk 87
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 Table in previous years, as the SEC’s valuation methods for this section differ from those required in the Summary Compensation Table. The table below summarizes compensation values both previously reported in our Summary Compensation Table, as well as the adjusted values required in this section. Note that for our NEOs other than our principal executive officer (the “PEO”), compensation and any applicable adjustments are reported as averages.

On July 1, 2022 (the “Deregistration Date”), the SEC issued an order pursuant to Section 8(f) of the Investment Company Act of 1940 (the “1940 Act”) declaring that Old NXDT had ceased to be an investment company under the 1940 Act (the “Deregistration Order”). Prior to receipt of the Deregistration Order, Old NXDT was party to an investment advisory agreement and no executive officers received any compensation. Following receipt of the Deregistration Order, Old NXDT is party to the Advisory Agreement and pays our Adviser the fees described herein. Since none of our executive officers received compensation in excess of $100,000 during the year ended December 31, 2022, our sole named executive officer for the year ended December 31, 2022 was Mr. Dondero, who as Old NXDT’s President served as its PEO.

Prior to receipt of the Deregistration Order, Old NXDT was an investment company registered under the 1940 Act. As required by Item 402(v) of Regulation S-K, we have provided below information regarding our financial performance for each of the last three completed calendar years, but note that through the Deregistration Date, Old NXDT was an investment company registered under the 1940 Act so the information regarding our financial performance may not be comparable to other companies that were operating companies not registered under the 1940 Act for the periods presented.

The Compensation Committee does not use compensation actually paid as a basis for making compensation decisions. Further, Old NXDT does not use financial performance measures to link compensation actually paid to the NEOs to company performance.

|      | Year |   |         Summary 
    compensation 
 table total for 
             PEO |     |   |  Compensation 
 actually paid 
    to PEO (1) |     |   |         Average 
         summary 
    compensation 
 table total for 
         non-PEO 
           named 
       executive 
        officers |     |   |       Average 
  compensation 
 actually paid 
    to non-PEO