Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 290

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 290
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3) | Review and approve any other press releases that contain financial information and such other financial information of the REIT provided to the public or any governmental body as the Committee requires. |

| (4) | Satisfy itself that adequate procedures have been put in place by Management for the review of the REIT’s public disclosure of financial information extracted or derived from the REIT’s financial statements and the related management’s discussion & analysis. |

| (5) | Review any litigation, claim or other contingency and any regulatory or accounting initiatives that could have a material effect upon the financial position or operating results of the REIT and the appropriateness of the disclosure thereof in the documents reviewed by the Committee. |

| (6) | Receive periodically Management reports assessing the adequacy and effectiveness of the REIT’s disclosure controls and procedures. |

| B. | Internal Control |

| (1) | Review Management’s process to identify and manage the significant risks associated with the activities of the REIT. |

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| (2) | Review the effectiveness of the internal control systems for monitoring compliance with laws and regulations. |

| (3) | Have the authority to communicate directly with the internal auditor if one is present. |

| (4) | Receive periodical Management reports assessing the adequacy and effectiveness of the REIT’s internal control systems. |

| (5) | Assess the overall effectiveness of the internal control and risk management frameworks through discussions with Management and the external auditors and assess whether recommendations made by the external auditors have been implemented by Management. |

| C. | Relationship with the External Auditor |

| (1) | Recommend to the Board the selection of the external auditor and the fees and other compensation to be paid to the external auditor. |

| (2) | Have the authority to communicate directly with the external auditor and arrange for the external auditor to be available to the Committee and the Board as needed. |

| (3) | Advise the external auditor that it is required to report to the Committee, and not to Management. |

| (4) | Monitor the relationship between Management and the external auditor, including reviewing any Management letters or other reports of the external auditor, discussing any material differences of opinion between Management and the external auditor and resolving disagreements between the external auditor and Management. |

| (5) | If considered appropriate, establish separate systems of reporting to the Committee by each of management and the external auditor. |

| (6) | Review and discuss on