DALLAS and TORONTO, April 17, 2025 — NexPoint Hospitality Trust (the “REIT“) (TSX-V: NHT.U) and NexPoint Diversified Real Estate Trust (NYSE: NXDT) (“NXDT“) announced today that they have completed the previously announced transaction (the “Closing“). Through this transaction, the REIT was dissolved, and its subsidiary entities were merged into entities owned or controlled, either directly or indirectly, by NXDT (the “Transaction“).

As part of the Transaction’s terms, REIT unitholders (“Unitholders“) could choose to receive either US$0.36 in cash or one (1) common share of NHT Hospitality, Inc. for each trust unit of the REIT (“Unit“). These shares were then converted into common shares of NXDT (“NXDT Common Shares“) based on a ratio of US$0.36 divided by the volume-weighted average price of NXDT Common Shares on the New York Stock Exchange for the ten (10) trading days leading up to the Closing. Unitholders who did not make an election will receive NXDT Common Shares in exchange for their Units.

Following the Transaction’s completion, the Units will be removed from trading on the TSX Venture Exchange (“TSXV“) and will be delisted from the TSXV when trading closes on April 22, 2025.

More detailed information about the Transaction can be found in the joint news releases issued by the REIT and NXDT on November 25, 2024, February 14, 2025, and April 15, 2025, as well as in the REIT’s management information circular prepared for the Transaction. All these documents are available on SEDAR+.

About NXDT

NexPoint Diversified Real Estate Trust (NYSE: NXDT) is a publicly traded, diversified REIT that is externally advised. It focuses on acquiring, developing, and managing opportunistic and value-add investments across various sectors in the United States, leveraging the operational expertise of NexPoint and its affiliates. NexPoint Real Estate Advisors X, L.P. provides external advisory services to NXDT. Additional details are available at nxdt.nexpoint.com.

Forward Looking Information

This press release contains forward-looking statements as defined by Canadian securities laws and the Private Securities Litigation Reform Act of 1995. These statements reflect management’s current expectations, assumptions, and beliefs. Forward-looking information can often be identified by the use of terms like “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” and similar expressions, as well as discussions of strategies involving risks and uncertainties, some of which are beyond the control of the REIT and NXDT. Readers should exercise caution and avoid placing excessive reliance on these statements. Further information regarding factors that could affect the REIT can be found in reports filed with Canadian securities regulatory authorities and on the SEDAR+ website at . Additional factors that could impact NXDT’s business or financial results are outlined in the risk factors within NXDT’s filings with the Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the year ending December 31, 2024, and Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

By their nature, these forward-looking statements involve known and unknown risks and uncertainties that could cause the actual results, performance, prospects, and opportunities of the REIT and NXDT in future periods to differ significantly from those expressed or implied. Furthermore, these statements are made as of the date of this news release. Neither the REIT nor NXDT, nor any other party, assumes responsibility for the accuracy or completeness of this information, and no one is obligated to update or revise any forward-looking statement, whether due to new information, future events, or other factors, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:
Investor Relations

Media Inquiries

Jesse Blair III
Executive Vice President, Head of Lodging 
(833) 697–7523

SOURCE NexPoint Diversified Real Estate Trust

“`