Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2552

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2552
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| By:                   | /s/Matt McGraner |                      |
|                       | Name:            | MATT MCGRANER        |
|                       | Title:           | AUTHORIZED SIGNATORY |

| NHT HOLDINGS, LLC |                  |                      |
| By:               | /s/Matt McGraner |                      |
|                   | Name:            | MATT MCGRANER        |
|                   | Title:           | AUTHORIZED SIGNATORY |

| NHT OPERATING PARTNERSHIP, LLC |                  |                      |
| By:                            | /s/Matt McGraner |                      |
|                                | Name:            | MATT MCGRANER        |
|                                | Title:           | AUTHORIZED SIGNATORY |

<div align='center'>[Signature Page to Agreement and Plan of Merger]

I-2044</div>

Exhibit 99.1

FOR IMMEDIATE RELEASE

<div align='center'>NexPoint Hospitality Trust to be Acquired by NexPoint Diversified Real Estate Trust</div>

DALLAS and TORONTO, November 25, 2024 -- NexPoint Hospitality Trust (“NHT” or the “REIT”), (TSX-V: NHT.U) and NexPoint Diversified Real Estate Trust (NYSE: NXDT) (“NXDT”) today announced the execution of a definitive agreement (the “Merger Agreement”), on November 22, 2024, pursuant to which the REIT will be dissolved and its subsidiary entities merged with and into entities owned or controlled, directly or indirectly, by NXDT (the “Transaction”). Pursuant to the Transaction, each REIT unitholder (the “Unitholders”) will receive, for each trust unit of the REIT (a “Unit”), either US$0.36 cash per Unit or common shares of NXDT (the “NXDT Common Shares”) equal to the quotient of US$0.36 divided by the volume weighted average price of the NXDT Common Shares quoted on the New York Stock Exchange for the ten (10) trading days prior to closing of the Transaction. Subject to the satisfaction of all conditions precedent, the Transaction is expected to be completed in the first quarter of 2025. Upon closing of the Transaction, the REIT’s Units will be delisted from the TSX Venture Exchange (the “TSXV”). Raymond James Limited has entered into a voting and support agreement pursuant to which it has agreed to support and vote the Units it