X0306 4 2021-11-22 0001356115 NEXPOINT DIVERSIFIED REAL ESTATE TRUST NXDT 0001228922 DONDERO JAMES D 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 1 1 See Remarks 5.50% Series A Cumulative Preferred Shares 2021-11-22 4 P 0 5448 21.71 A 40700 I See Footnote 5.50% Series A Cumulative Preferred Shares 2021-11-22 4 P 0 1906 21.70 A 42606 I See Footnote 5.50% Series A Cumulative Preferred Shares 13004 I See Footnote These shares are held by The Dugaboy Investment Trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares. These shares are held by certain entities ultimately controlled by Mr. Dondero. Mr. Dondero may be deemed to be an indirect beneficial owner of shares held by such entities. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. President and Principal Executive Officer /s/ James D. Dondero 2021-11-23