The filing describes the approval of a new long-term incentive plan, not a management change.

Entry into a Material Definitive Agreement. On April 3, 2026, NexPoint Diversified Real Estate Trust OP, L.P. (the “OP”), the operating partnership of NexPoint Diversified Real Estate Trust (the “Company”), Highland Opportunities & Income Fund (“HFRO”), Highland Global Allocation Fund (“HGLB”) and NRES REIT Sub II, LLC (“NRES” and, together with HFRO and HGLB, the “Other NSP Note Purchasers”) entered into a participation agreement side letter (the “Side Letter”) with NexPoint Real Estate Fina…

Entry into a Material Definitive Agreement. On March 24, 2026, NexPoint Diversified Real Estate Trust (the “Company”), through its indirect subsidiary, NXDT Hospitality Holdco, LLC, entered into a Membership Interest Purchase Agreement (“MIPA”) with OSL Bradenton Downtown, LLC (the “Buyer”). Pursuant to the MIPA, the Company agreed to sell 100% of the membership interests of NHT Bradenton, LLC, which owns the Bradenton Hampton Inn & Suites property, to the Buyer. The transaction closed on the…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information contained under “

Entry into a Material Definitive Agreement. NSP Guaranty On February 13, 2026, NexPoint Diversified Real Estate Trust (the “ Company ”) entered into an amended and restated guaranty of recourse obligations (the “ NSP Guaranty ”) with NexPoint Storage Partners, Inc. (“ NSP ”) and NexPoint Storage Partners Operating Company, LLC (“ NSP OC ” and together with NSP and the Company, the “ Guarantors ”) in favor of Wilmington Trust, National Association, as trustee for the benefit of the registered…

Entry into a Material Definitive Agreement. Amendment to the Advisory Agreement On September 19, 2025 NexPoint Diversified Real Estate Trust (the “Company”) and NexPoint Real Estate Advisors X, L.P. (the “Adviser”) entered into an amendment (the “Advisory Agreement Amendment”) to the Advisory Agreement, dated July 1, 2022, by and between the Company and the Adviser, as amended by that First Amendment to Advisory Agreement, dated October 25, 2022, as further amended by that Second Amendment to…

The filing is about the approval of a long-term incentive plan, not a management change.

Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary — Brian Mitts: Brian Mitts resigned from his positions as Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary.

Entry into Material Definitive Agreement. On November 22, 2024, NexPoint Diversified Real Estate Trust (the “Company”), NexPoint Diversified Real Estate Trust Operating Partnership, L.P., (“NXDT OP”), NXDT Intermediary, LLC, (“NXDT Intermediary”) and NXDT Hospitality Holdco, LLC (“NXDT Merger Sub” and, together with the Company, NXDT OP and NXDT Intermediary, the “Company Parties”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with NexPoint Hospitality Trust (“Old NHT”…

Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary — Brian Mitts: Brian Mitts resigned from his executive positions but will continue to serve as a Board member.

Entry into a Material Definitive Agreement. On October 4, 2024, NexPoint Diversified Real Estate Trust (the “Company”) entered into a guaranty of recourse obligations (the “Guaranty”) for the benefit of Citi Real Estate Funding, Inc. (“Citi”) and JPMorgan Chase Bank, National Association (“JPM” and together with Citi, collectively, “Lender”) under the Loan Agreement (defined below), pursuant to which the Company guaranteed certain obligations of the borrowers (“Borrower”) under the Loan Agree…

Termination of a Material Definitive Agreement A portion of the loan proceeds from the Loan Agreement was used to repay and discharge existing loans of Borrower that the Company guaranteed on substantially similar terms as the Guaranty. As a result of such loans being repaid by Borrower, on October 4, 2024, the following guaranties and related agreements made by the Company were terminated (collectively, the “Terminated Guaranties”): ● Guaranty Agreement (Carry Obligations), dated September 1…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information contained under “

Entry into a Material Definitive Agreement. White Rock Center Loan On August 2, 2024, NexPoint Diversified Real Estate Trust (the “Company”), through Freedom LHV, LLC (“Freedom LHV”), an indirect subsidiary of the Company, entered into a loan agreement with The Ohio State Life Insurance Company (“OSL”), an entity that may be deemed an affiliate of the Company’s external adviser through common beneficial ownership, pursuant to which OSL provided a loan to Freedom LHV in the aggregate principal…

Entry into a Material Definitive Agreement. Amendment to the Advisory Agreement On July 22, 2024, NexPoint Diversified Real Estate Trust (the “Company”) and NexPoint Real Estate Advisors X, L.P. (the “Adviser”) entered into an amendment (the “Advisory Agreement Amendment”) to the Advisory Agreement, dated July 1, 2022, by and between the Company and the Adviser (the “Advisory Agreement”), as amended by that First Amendment to Advisory Agreement, dated October 25, 2022, and as further amended…

Entry into a Material Definitive Agreement. Promissory Note On April 19, 2024, NexPoint Diversified Real Estate Trust Operating Partnership, L.P. (“NXDT OP”), the operating partnership of NexPoint Diversified Real Estate Trust (“NXDT”), loaned $6.5 million to NREF OP IV, L.P. (“NREF OP IV”), a subsidiary of NexPoint Real Estate Finance, Inc. (“NREF”), an entity that is managed by an affiliate of the adviser of NXDT. In connection with the loan, NREF OP IV issued a promissory note in the princ…

The filing describes the adoption of a Clawback Policy, which is not related to any management change.

Entry into a Material Definitive Agreement. On September 1, 2023, NexPoint Diversified Real Estate Trust (the “Company”), through its indirect subsidiary, NHF TRS, LLC (the “TRS”), entered into a contribution agreement (the “Contribution Agreement”), pursuant to which the TRS contributed a structured promissory note issued by Specialty Financial Products Designated Activity Company with a net asset value of approximately $68.5 million to NexAnnuity Holdings, Inc. (“NexAnnuity”) in exchange fo…

Entry into a Material Definitive Agreement. On June 30, 2023, the general partner of NexPoint SFR Operating Partnership, L.P. (the “SFR OP”) executed the Second Amended and Restated Limited Partnership Agreement of the SFR OP (the “SFR OP LPA”), for the purposes of subdividing and reclassifying the outstanding common partnership units of the SFR OP into Class A, Class B and Class C Common Units (collectively, the “SFR OP Units”). The SFR OP LPA generally provides that the newly created Class…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information contained under “

Entry into a Material Definitive Agreement. On May 22, 2023, the Company’s operating partnership, NexPoint Diversified Real Estate Trust Operating Partnership, L.P. (the “OP”), and two of the Company’s indirect subsidiaries, NexPoint Real Estate Capital, LLC (“NREC”) and NexPoint Real Estate Opportunities, LLC (“NREO”), as borrowers (collectively, the “Borrowers”), entered into a loan agreement (the “Loan Agreement”), for a revolving credit facility (the “Facility”) with NexBank, as lender, i…

Entry into a Material Definitive Agreement. Amendment to the Advisory Agreement On April 11, 2023, NexPoint Diversified Real Estate Trust (the “Company”) and NexPoint Real Estate Advisors X, L.P. (the “Adviser”) entered into an amendment (the “Advisory Agreement Amendment”) to the Advisory Agreement, dated July 1, 2022, by and between the Company and the Adviser (the “Advisory Agreement”), as amended by that First Amendment to Advisory Agreement, dated October 25, 2022. The Advisory Agreement…

Entry into a Material Definitive Agreement. On February 8, 2023, NexPoint Diversified Real Estate Trust (the “Company”), CP Tower Owner, LLC (“CP Tower”), CP Land Owner, LLC (“CP Land”), CP Equity Owner, LLC, CP Equity Land Owner, LLC, NexPoint Real Estate Partners, LLC (“NexPoint Real Estate Partners”), Delphi CRE Funding LLC, AC IV CA Mortgage LLC, and ACORE Capital Mortgage, LP entered into the Limited Consent and Tenth Omnibus Amendment Agreement (the “Amendment Agreement”), amending the…

The excerpt is too general and does not specify any particular movement or event.

Entry into a Material Definitive Agreement. On December 8, 2022, NexPoint Diversified Real Estate Trust (the “Company”), through its indirect wholly owned subsidiary NexPoint Real Estate Opportunities, LLC (“NREO”), entered into a Contribution Agreement pursuant to which NREO contributed all of its interests in joint ventures (the “SAFStor Ventures”) with SAFStor NREA GP – I, LLC, SAFStor NREA GP – II, LLC and NREA GP – III, LLC (collectively, the “SAFStor GPs”) to NexPoint Storage Partners O…