Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2386

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2386
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 and Performance Measures

The following charts set forth the relationship between the compensation actually paid to the PEO and the average compensation actually paid to the NEOs other than the PEO for fiscal years 2023, 2022 and 2021 (collectively, “Compensation Actually Paid”) to each of (1) net income and (2) total shareholder return. As discussed above, the Company paid no compensation to our PEO and had no non-PEO named executive officers for fiscal years 2021 and 2022 and prior to the Deregistration Date, the Company was an investment company registered under the 1940 Act.

<div align='center'>23

I-1922

SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS</div>

The following table provides certain information as of the end of our most recently completed fiscal year with respect to compensation plans (including any individual compensation arrangements, of which there are none) under which our equity securities are authorized for issuance, aggregated as follows:

| Plan category                                             |     | Number of securities to be                 
 issued upon exercise of                    
 outstanding options,                       
 warrants and rights                        |     | Weighted-average     
 exercise price of    
 outstanding options, 
 warrants and rights  |     | Number of securities                     
 remaining available for                  
 future issuance under                    
 equity compensation                      
 plans (excluding                         
 securities issuable upon                 
 exercise of outstanding                  
 options, warrants and                    
 rights)                                  |
| Equity compensation plans approved by securityholders     |     |                                            |     |                      |     |                                          |
| 2023 Plan                                                 |     | 589,906 of the Company’s Common Shares (1) |     | N/A                  |     | 1,955,094 of the Company’s Common Shares |
| Equity compensation plans not approved by securityholders |     |                                            |     |                      |     |                                          |
| None                                                      |     | —                                          |     | N/A                  |     | —                                        |
| Total                                                     |     | 589,906 of the Company’s Common Shares     |     | N/A                  |     | 1,955,094 of the Company’s Common Shares |

(1) Represents restricted share units issued under our 2023 Plan.

<div align='center'>24

I-1923

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</div>

The following is a summary of transactions that occurred on or were in effect after January 1, 2022 to which we