Company: NXDT
Filing Date: 2025-05-09
Form Type: 425
Source: 0001437749-25-015784
Chunk: 0

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-09
Form: 425
Chunk 0
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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION
<div align='center'>WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): May 9, 2025</div>

### NEXPOINT DIVERSIFIED REAL ESTATE TRUST
<div align='center'>(Exact Name Of Registrant As Specified In Charter)</div>

| Delaware                     | 001-32921   | 80-0139099         |
| (State or Other Jurisdiction 
 of Incorporation)            | -Commission 
 File Number | -IRS Employer      
 Identification No. |

<div align='center'>300 Crescent Court, Suite 700

Dallas, Texas 75201

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (214) 276-6300</div>

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

| ☒ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |

| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |

| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |

| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |

Securities registered pursuant to Section 12(b) of the Act:

| Title of each class                                                                                              |     | Trading   
 Symbol(s) |     | Name of each exchange   
 on which registered     |
| Common Shares, par value $0.001 per share                                                                        |     | NXDT      |     | New York Stock Exchange |
| 5.50% Series A Cumulative Preferred Shares, par value $0.001 per share ($25.00 liquidation preference per share) |     | NXDT-PA   |     | New York Stock Exchange |

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of