---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-025071"
form_type: "8-K"
ticker: "NXDT"
cik: "0001356115"
company_name: "NEXPOINT DIVERSIFIED REAL ESTATE TRUST"
filed_at: "2023-09-01T23:59:59+00:00"
generated_at: "2026-06-11T00:25:04.678039+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NexPoint contributes $68.5M note to NexAnnuity affiliate for 8%-12% preferred stock

## Summary
- NHF TRS transferred a $68.5M structured note to NexAnnuity Holdings in exchange for 68,500 Class A Preferred shares.
- Preferred stock pays 8% annual dividend for first 7 years, stepping to 12% by year 14, with cumulative accrual.
- NexAnnuity is an affiliate of NXDT's investment adviser; transaction approved by Audit Committee.
- NexAnnuity may redeem shares at $1,000 per share plus unpaid dividends at any time.
- The contribution closed September 1, 2023; the note's NAV was updated with revised life expectancies and discount rates.

## SEC filing metadata
- accession: 0001437749-23-025071
- form_type: 8-K
- ticker: NXDT
- cik: 0001356115
- company_name: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
- filed_at: 2023-09-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1356115/000143774923025071/0001437749-23-025071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1356115/000143774923025071/nexsof20230901_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-025071
- JSON: https://secwatch.observer/filing/0001437749-23-025071.json
- Plain text: https://secwatch.observer/filing/0001437749-23-025071.txt

## Key facts
- Material Agreements
  NEXPOINT DIVERSIFIED REAL ESTATE TRUST entered into Contribution Agreement with NexAnnuity Holdings, Inc. valued at net asset value of approximately $68.5 million (effective 2023-09-01).
  - Action: entry
  - Counterparty: NexAnnuity Holdings, Inc.
  - Value: net asset value of approximately $68.5 million
  - Effective: 2023-09-01
  source text: On September 1, 2023, NexPoint Diversified Real Estate Trust (the “Company”), through its indirect subsidiary, NHF TRS, LLC (the “TRS”), entered into a contribution agreement (the “Contribution Agreement”), pursuant to which the TRS contributed a structured promissory note issued by Specialty Financial Products Designated Activity Company with a net asset value of approximately $68.5 million to NexAnnuity Holdings, Inc. (“NexAnnuity”) in exchange for 68,500 shares of Class A Preferred Stock of NexAnnuity (the “Contribution”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774923025071/0001437749-23-025071-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.