NexPoint Diversified Real Estate Trust amends advisory agreement to allow fee payment in common shares up to 6M shares

NEXPOINT DIVERSIFIED REAL ESTATE TRUST

Advisor can elect to receive monthly fees in common shares at 10-day VWAP, subject to 6,000,000 share cap.
Advisor may defer fees and expense reimbursements at its discretion; no interest accrues on deferred amounts.
Amendment approved by Audit Committee under Related Party Transaction Policy and board of trustees.
Cash payment remains default unless advisor delivers Election Notice to board.

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