0001437749-24-021136.txt : 20240625 0001437749-24-021136.hdr.sgml : 20240625 20240625063055 ACCESSION NUMBER: 0001437749-24-021136 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240621 FILED AS OF DATE: 20240625 DATE AS OF CHANGE: 20240625 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: DONDERO JAMES D CENTRAL INDEX KEY: 0001228922 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32921 FILM NUMBER: 241066115 MAIL ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: SUITE 700 CITY: DALLAS STATE: TX ZIP: 75201 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NEXPOINT DIVERSIFIED REAL ESTATE TRUST CENTRAL INDEX KEY: 0001356115 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 800139099 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: SUITE 700 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-276-6300 MAIL ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: SUITE 700 CITY: DALLAS STATE: TX ZIP: 75201 FORMER COMPANY: FORMER CONFORMED NAME: NexPoint Strategic Opportunities Fund DATE OF NAME CHANGE: 20180319 FORMER COMPANY: FORMER CONFORMED NAME: NexPoint Credit Strategies Fund DATE OF NAME CHANGE: 20120702 FORMER COMPANY: FORMER CONFORMED NAME: Pyxis Credit Strategies Fund DATE OF NAME CHANGE: 20120109 4 1 rdgdoc.xml FORM 4 X0508 4 2024-06-21 0001356115 NEXPOINT DIVERSIFIED REAL ESTATE TRUST NXDT 0001228922 DONDERO JAMES D 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 1 1 1 See Remarks 0 Common Stock 2024-06-21 4 P 0 40471 4.89 A 145780 I See Footnote Common Stock 818583.55 I See Footnote Common Stock 1904136 I See Footnote Common Stock 4281440.89 D Common Stock 536032 I 536,032 Common Stock 67558.8066 I By employee benefit plan Common Stock 2387 I As custodian of UTMA account for child 1 Common Stock 2387 I As custodian of UTMA account for child 2 Common Stock 2387 I As custodian of UTMA account for child 3 Common Stock 2387 I As custodian of UTMA account for child 4 Common Stock 2387 I As custodian of UTMA account for child 5 Common Stock 2387 I As custodian of UTMA account for child 6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.80 to $4.96, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4. 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. 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. 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. 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. President /s/ James Dondero 2024-06-25