Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 474

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 474
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 |        (126 | ) |     |   |                      6 |   |     |   |            43,341 |
| Total             |     | $ |      690,432 |     | $ |         86,156 |     | $ |     2,208 |     | $ | (17,954      | ) |     | $ | (18,548           | ) |     | $ |       3,476 |   |     | $ |                (58,834 | ) |     | $ |           686,936 |

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the significant unobservable inputs used in the fair valuation of assets categorized within Level 3 of the fair value hierarchy as of December 31, 2023.

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| Category          |     | Valuation Technique            |     | Significant Unobservable Inputs                       |     | Input Value(s)    
 (Arithmetic Mean) |        |    |     |   |        |   |     |       |        |    |     |         |         |    |     | Fair Value |         |
|:------------------|:----|:-------------------------------|:----|:------------------------------------------------------|:----|:------------------|-------:|:---|:----|:--|-------:|:--|:----|:------|-------:|:---|:----|:--------|--------:|:---|:----|:-----------|--------:|
| CLO               |     | Discounted Net Asset Value     |     | Discount                                              |     |                   |        |    |     |   |    N/A |   |     |       |        |    |     |         |         |    |     | $          |   1,215 |
| Common Stock      |     | Market Approach                |     | Unadjusted Price/MHz-PoP                              |     | $                 |   0.10 |    |     |   |      — |   |     | $     |   0.90 |    |     | $       |   (0.48 | )  |     |            | 176,256 |
|                   |     | Discounted Cash Flow           |     | Discount Rate                                         |     |                   |    7.5 | %