Company: NXDT
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001437749-25-011826
Chunk: 33

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-11
Form: S-4
Chunk 33
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 officers from our Adviser and its affiliates. The Adviser and its affiliates also determine whether and to what extent our named executive officers will be provided with employee benefit plans.

In 2024, our stockholders approved the compensation of our named executive officers by 83.3% of the votes cast. The vote on this proposal is not intended to address any specific element of compensation. Rather, the vote relates to the overall compensation of our named executive officers, as described under the heading “Executive Compensation” in this proxy statement. We are asking our shareholders to approve the following advisory resolution at our Annual Meeting:

“RESOLVED, that the compensation of Old NXDT’s named executive officers, as disclosed pursuant to the rules of the Securities and Exchange Commission, including the overview of executive compensation, compensation tables and narrative discussion is hereby APPROVED.”

This vote is advisory and is not binding on Old NXDT, our Board or the compensation committee (the “Compensation Committee”). However, the Compensation Committee expects to consider the outcome of this advisory vote in evaluating whether any actions are appropriate with respect to our compensation programs for our executive officers. At the 2023 annual meeting of shareholders, a majority of Old NXDT’s shareholders voted in favor of holding advisory votes on Old NXDT’s executive compensation on an annual basis, and, in light of this vote, the Board adopted a policy of holding such advisory votes annually. Unless the Board determines otherwise, we will continue to hold advisory votes on Old NXDT’s executive compensation on an annual basis, and the next advisory vote following this year’s vote will be held at the 2026 annual meeting of shareholders.

<div align='center'>The Board unanimously recommends a vote FOR the approval of the compensation of our named executive officers.

19

PROPOSAL 3‒
THE CONVERSION</div>

General

The Board has unanimously approved and recommends that the shareholders approve the Conversion, and the adoption of the Plan of Conversion, Articles of Conversion, the New NXDT Charter and the New NXDT Bylaws associated with such Conversion, each to become effective at or about the Effective Time. In addition, at the Effective Time, the New NXDT Bylaws will go into effect. The following discussion summarizes certain aspects of the conversion from a Delaware statutory trust to a Maryland corporation. This summary does not purport to be complete and is qualified in its entirety by reference to the Plan of Conversion, including the Articles of Conversion attached as an exhibit thereto, attached to this proxy statement/prospectus as , the