Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 225

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 225
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 2024.

(3) In respect of fiscal 2022 and fiscal 2023 (as of June 30, 2023), $90,750 and $50,000 of Trustee Fees were payable to Mr. Labatte. Mr. Labatte elected to receive such fees in the form of Deferred Units. Due to various blackout periods observed by NHT and certain restrictions on granting security based compensation to insiders pursuant to TSXV Policy 4.4, on September 11, 2023, the REIT conditionally granted 692,000 Deferred Units to Mr. Labatte in respect of his remaining portion of 2021 Trustee Fees, 2022 Trustee Fees and 2023 Trustee Fees (accrued as of June 30, 2023). The Board, on the recommendation of the Compensation, Governance and Nominating Committee, matched 100% of the total value of Trustee Fees that Mr. Labatte elected to receive in the form of Deferred Units. As a result of the Suspension, the fees owing to Mr. Labatte for Q3 and Q4 of 2023 that would have been paid in Deferred Units (including the matching contribution amount) were paid in cash. As of the date hereof, Mr. Labatte holds 972,312 Deferred Units.

(4) Mr. Senst elected to receive his 2022 Trustee Fees in the form of Deferred Units, and his accrued 2023 Trustee Fees (as of June 30, 2023) in cash. Due to various blackout periods observed by NHT and certain restrictions on granting security based compensation to insiders pursuant to TSXV Policy 4.4, on September 11, 2023, the REIT conditionally granted 403,668 Deferred Units to Mr. Senst in respect of his remaining portion of 2021 Trustee Fees and 2022 Trustee Fees. The Board, on the recommendation of the Compensation, Governance and Nominating Committee, matched 100% of the total value of Trustee Fees that Mr. Senst elected to receive in the form of Deferred Units. As of the date hereof, Mr. Senst holds 673,043 Deferred Units.

(5) The Trustee Fees payable to Mr. Patava in respect of fiscal 2022 and fiscal 2023 (as of June 30, 2023) is $20,000 and $30,000 respectively. Mr. Patava elected