Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2365

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2365
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. Also includes fees incurred for the audit of internal controls over financial reporting as required by Section 404 of the Sarbanes-Oxley Act of 2002. |

| (2) | Includes fees billed for professional services rendered for tax compliance, tax advice and tax planning. |

Pursuant to the charter of the audit committee, the audit committee is responsible for the oversight of our accounting, reporting and financial practices. The audit committee has the responsibility to select, appoint, engage, oversee, retain, evaluate and terminate our external auditors; pre-approve all audit and non-audit services to be provided, consistent with all applicable laws, to us by our external auditors; and establish the fees and other compensation to be paid to our external auditors.

The audit committee has adopted a policy to pre-approve all audit and permitted non-audit services provided by our principal independent accountants. All audit and non-audit services for 2023 were pre-approved by the audit committee.

<div align='center'>The Board unanimously recommends a vote FOR the ratification of the appointment of KPMG as the Company’s independent registered public accounting firm for 2024.

8

I-1907

THE BOARD, ITS COMMITTEES AND ITS COMPENSATION</div>

Board of Trustees

The Board presently consists of seven members, five of whom are non-management trustees. Each trustee serves a one-year term expiring at each annual meeting of shareholders and lasting until his or her respective successor is duly elected and qualified.

Trustee Compensation in 2023

The Company provides the following compensation for non-management trustees:

| ● | each non-management trustee receives an annual trustee’s fee payable in cash equal to $20,000 and an annual grant of restricted share units; |

| ● | the chair of our audit committee receives an additional annual fee payable in cash equal to $15,000; |

| ● | the chair of our compensation committee receives an additional annual fee payable in cash equal to $7,500; |

| ● | the chair of our nominating and corporate governance committee receives an additional annual fee payable in cash equal to $7,500; and |

| ● | the lead independent trustee receives an additional annual fee payable in cash equal to $10,000. |

We also reimburse expenses incurred in attending Board and committee meetings. Trustees who are officers of the Company do not receive compensation for their service as trustees.

Director Compensation Table

The following table provides information regarding the compensation of our non-management trustees for the year ended