Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 229

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 229
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 for removing Trustees that can result in valuable, experienced Trustees being forced to leave the Board solely because of length of service. NHT is committed to ensuring that its Board is comprised of individuals with appropriate skill sets.

| Board Mandate |

The mandate of NHT’s Board is one of stewardship and oversight of NHT and its business. In fulfilling its mandate, the Board has adopted a written charter setting out its responsibility for, among other things, (i) participating in the development of and approving a strategic plan for NHT; (ii) supervising the activities and managing the investments and affairs of NHT; (iii) approving major decisions regarding NHT; (iv) defining the roles and responsibilities of management; (v) reviewing and approving the business and investment objectives to be met by management; (vi) assessing the performance of and overseeing management; (vii) reviewing NHT’s debt strategy; (viii) identifying and managing risk exposure; (ix) ensuring the integrity and adequacy of NHT’s internal controls and management information systems; (x) succession planning; (xi) establishing committees of the Board, where required or prudent, and defining their mandate; (xii) maintaining records and providing reports to Unitholders; (xiii) ensuring effective and adequate communication with Unitholders, other stakeholders and the public; (xiv) determining the amount and timing of distributions to Unitholders; and (xv) acting for, voting on behalf of and representing NHT as a holder of interests of certain of its subsidiaries. A copy of the Board’s written charter is attached to this Information Circular as Appendix G.

| Position Descriptions |

| Chair of the Board, Lead Trustee and Committee Chairs |

The Board has adopted a written position description for the Chair of the Board and the Lead Trustee (for instances where the Chair of the Board is not independent within the meaning of NI 58-101), which sets out the Chair’s and the Lead Trustee’s key responsibilities, including, as applicable, duties relating to setting Board meeting agendas, chairing Board and Unitholder meetings, Trustee development and communicating with Unitholders and regulators. The Board has also adopted a written position description for each of the committee chairs which sets out each of the committee chair’s key responsibilities, including duties relating to setting committee meeting agendas, chairing committee meetings and working with the respective committee members and management to ensure, to the greatest extent possible, the effective functioning of the committee.

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