Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 6

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 6
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This information circular/prospectus, which forms part of a registration statement on Form S-4 filed with the U.S. Securities and Exchange Commission (the “SEC”) by NXDT (File No. 333-284099), constitutes a prospectus of NXDT under Section 5 of the Securities Act of 1933, as amended (the “Securities Act”), with respect to NXDT’s common shares, par value $0.001 per share (the “NXDT Common Shares”), to be issued in connection with the Transaction. This document also constitutes a management information circular for NHT for the solicitation of proxies in connection with the Meeting. It also constitutes a notice of meeting with respect to NHT’s Meeting, at which NHT unitholders will be asked to vote upon certain proposals to approve the Transaction and other matters related to NHT’s annual meeting.

You should rely only on the information contained or incorporated by reference into this information circular/prospectus. No one has been authorized to provide you with information that is different from that contained in, or incorporated by reference into, this information circular/prospectus. This information circular/prospectus is dated January 21, 2025. You should not assume that the information contained in, or incorporated by reference into this information circular/prospectus is accurate as of any date other than the date on the front cover of those documents. Neither our mailing of this information circular/prospectus nor the issuance of the NXDT Common Shares will create any implication to the contrary.

This information circular/prospectus does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, or the solicitation of a proxy, in any jurisdiction in which or from any person to whom it is unlawful to make any such offer or solicitation in such jurisdiction. Information contained in this information circular/prospectus regarding NHT has been provided by NHT and information contained in this information circular/prospectus regarding NXDT has been provided by NXDT.

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### NEXPOINT
<div align='center'>HOSPITALITY TRUST</div>

| MANAGEMENT INFORMATION CIRCULAR |

Unless otherwise indicated herein, or the context otherwise requires, “NHT” or the “REIT” refers to NexPoint Hospitality Trust, including its direct and indirect subsidiaries. Unless otherwise indicated herein, all dollar amounts are stated in U.S. dollars and references to dollars or “$” are to U.S. currency. The