Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 460

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 460
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     |                  |   193,161 |
| Series A cumulative preferred shares, net of deferred financing costs                                    |     |                    |    83,252 |     |            |  (83,252 | )(4) |     |                  |         — |
| Stockholders' Equity:                                                                                    |     |                    |           |     |            |          |      |     |                  |           |
| Preferred shares, $0.001 par value: 4,800,000 shares authorized; 3,359,593 shares issued and outstanding |     |                    |         — |     |            |        3 |      |     |                  |         3 |
| Common shares, $0.001 par value: unlimited shares authorized; 37,171,807 shares issued and outstanding   |     |                    |        37 |     |            |        — |      |     |                  |        37 |
| Additional paid-in capital                                                                               |     |                    |   916,596 |     |            |   83,249 |   -4 |     |                  |   999,845 |
| Accumulated earnings less dividends                                                                      |     |                    |   112,983 |     |            |        — |      |     |                  |   112,983 |
| Total Stockholders' Equity                                                                               |     |                    | 1,029,616 |     |            |   83,252 |      |     |                  | 1,112,868 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                                               |     | $                  | 1,137,656 |     | $          |  168,373 |      |     | $                | 1,306,029 |

| (1) | Change due to consolidation of subsidiaries that were previously accounted for at fair value. |

| (2) | Change due to investments that were previously accounted for at fair value being consolidated or accounted for using the equity method. |

| (3) | Change due to applying the equity method to investments that were previously carried at fair value. See Note 8 for more information on the Company's equity method investments. |

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| (4) | The mandatory redemption feature of the Series A Preferred Shares (defined below) expired on the Deregistration Date. As such, the Series A Preferred Shares are now accounted for as a component permanent equity. |

4.