X0206 3 2016-08-03 0 0001663712 NEXPOINT REAL ESTATE STRATEGIES FUND NRESF 0001637441 Dugaboy Investment Trust 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 0 0 1 0 0001656757 DONDERO NANCY MARIE 1010 CRESCENT BEACH ROAD VERO BEACH FL 32963 0 0 1 0 Shares of Beneficial Interest 140562.249 D These shares are held by The Dugaboy Investment Trust (the "Trust"). Ms. Dondero is the trustee of the Trust. Ms. Dondero disclaims beneficial ownership of such shares. /s/ Nancy Marie Dondero, Trustee 2016-08-09 /s/ Nancy Marie Dondero 2016-08-09