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Filing Details

Accession Number:: 0001437749-24-020503
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-06-17 16:31:29
Reporting Period:: 2021-11-01

Accepted Time:: 2024-06-17 16:31:29
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1356115	Nexpoint Diversified Real Estate Trust	NXDT	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1228922	D James Dondero	300 Crescent Court, Suite 700 Dallas TX 75201	See Remarks	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2024-06-13	2,387	$4.92	2,387	No	4	P	Indirect	As custodian of UTMA account for child 1
Common Stock	Acquisiton	2024-06-13	2,387	$4.92	2,387	No	4	P	Indirect	As custodian of UTMA account for child 2
Common Stock	Acquisiton	2024-06-13	2,387	$4.92	2,387	No	4	P	Indirect	As custodian of UTMA account for child 3
Common Stock	Acquisiton	2024-06-13	2,387	$4.92	2,387	No	4	P	Indirect	As custodian of UTMA account for child 4
Common Stock	Acquisiton	2024-06-13	2,387	$4.92	2,387	No	4	P	Indirect	As custodian of UTMA account for child 5
Common Stock	Acquisiton	2024-06-13	2,387	$4.92	2,387	No	4	P	Indirect	As custodian of UTMA account for child 6
5.50% Series A Cumulative Preferred Shares	Acquisiton	2021-11-01	3,803	$14.36	16,807	No	4	P	Indirect	See Footnote
5.50% Series A Cumulative Preferred Shares	Acquisiton	2021-11-02	5,693	$14.36	22,500	No	4	P	Indirect	See Footnote
5.50% Series A Cumulative Preferred Shares	Acquisiton	2022-01-12	3,117	$14.36	25,617	No	4	P	Indirect	See Footnote
5.50% Series A Cumulative Preferred Shares	Acquisiton	2022-01-13	3,900	$14.36	29,517	No	4	P	Indirect	See Footnote
5.50% Series A Cumulative Preferred Shares	Acquisiton	2024-06-13	325	$15.25	325	No	4	P	Indirect	As custodian of UTMA account for child 1
5.50% Series A Cumulative Preferred Shares	Acquisiton	2024-06-13	325	$15.25	325	No	4	P	Indirect	As custodian of UTMA account for child 2
5.50% Series A Cumulative Preferred Shares	Acquisiton	2024-06-13	325	$15.25	325	No	4	P	Indirect	As custodian of UTMA account for child 3
5.50% Series A Cumulative Preferred Shares	Acquisiton	2024-06-13	325	$15.25	325	No	4	P	Indirect	As custodian of UTMA account for child 4
5.50% Series A Cumulative Preferred Shares	Acquisiton	2024-06-13	325	$15.25	325	No	4	P	Indirect	As custodian of UTMA account for child 5
5.50% Series A Cumulative Preferred Shares	Acquisiton	2024-06-13	325	$15.25	325	No	4	P	Indirect	As custodian of UTMA account for child 6

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	As custodian of UTMA account for child 1
No	4	P	Indirect	As custodian of UTMA account for child 2
No	4	P	Indirect	As custodian of UTMA account for child 3
No	4	P	Indirect	As custodian of UTMA account for child 4
No	4	P	Indirect	As custodian of UTMA account for child 5
No	4	P	Indirect	As custodian of UTMA account for child 6
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	P	Indirect	As custodian of UTMA account for child 1
No	4	P	Indirect	As custodian of UTMA account for child 2
No	4	P	Indirect	As custodian of UTMA account for child 3
No	4	P	Indirect	As custodian of UTMA account for child 4
No	4	P	Indirect	As custodian of UTMA account for child 5
No	4	P	Indirect	As custodian of UTMA account for child 6

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	818,584	Indirect	See Footnote
Common Stock	1,904,136	Indirect	See Footnote
Common Stock	4,281,441	Direct
Common Stock	105,309	Indirect	See Footnote
Common Stock	536,032	Indirect	See Footnote
Common Stock	67,559	Indirect	By employee
5.50% Series A Cumulative Preferred Shares	37,310	Indirect	See Footnote
5.50% Series A Cumulative Preferred Shares	49,169	Indirect	See Footnote
5.50% Series A Cumulative Preferred Shares	13,831	Indirect	See Footnote

Footnotes

The shares are held for one of Mr. Dondero's children, through a custodial account established pursuant to the Uniform Transfer to Minors Act ("UTMA") for which Mr. Dondero serves as custodian. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
32,082 shares are held by Drugcrafters, L.P. ("Drugcrafters"), 71,427.19 shares are held by PCMG Trading Partners XXIII, L.P., 183,351 shares are held by Governance Re Ltd. and 531,723.36 shares are held by the Adviser. Mr. Dondero owns 75% of PCMG Trading Partners XXIII, L.P. ("PCMG") and PCMG owns 99% of Drugcrafters. These entities are 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.
1,330,582 shares are held by Highland Opportunities and Income Fund and 573,554 shares are held by Highland Global Allocation Fund. These entities are managed by NexPoint Asset Management, L.P. ("NexPoint Asset Management"), which is 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.
Includes shares acquired under a dividend reinvestment plan.
These shares are held by The Dugaboy Investment Trust of which Mr. Dondero is the beneficiary pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
These shares are held by subsidiaries of The Dugaboy Investment Trust. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
These shares are held by Drugcrafters. Mr. Dondero is the sole managing member of the general partner of Drugcrafters and may be deemed to be an indirect beneficial owner of shares held by Drugcrafters. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
These shares are held by The Dugaboy Investment Trust of which Mr. Dondero is the beneficiary pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
These shares are held by Highland Global Allocation Fund, which is managed by NexPoint Asset Management, which is ultimately controlled by Mr. Dondero. Mr. Dondero may be deemed to be an indirect beneficial owner of shares held by NexPoint Asset Management. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.