{"url_path":"/sec/nxdt/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1356115/0001193125-26-225400-index.html","accession_number":"0001193125-26-225400","cik":"0001356115","ticker":"NXDT","issuer_name":"NEXPOINT DIVERSIFIED REAL ESTATE TRUST","edgar_url":"https://www.sec.gov/Archives/edgar/data/1356115/0001193125-26-225400-index.html","primary_entity_key":"0001356115","primary_entity_name":"NEXPOINT DIVERSIFIED REAL ESTATE TRUST"},"word_count":323,"has_tables":true,"body_markdown":"Item 2. Unregistered Sales of Equity Securities and Use of Proceeds\n\n \n\nRepurchase of Shares\n\n \n\nOn October 28, 2024, the Board authorized a share repurchase program through which the Company may repurchase an indeterminate number of common shares and Series A Preferred Shares at an aggregate market value of up to $20.0 million during a two-year period that is set to expire on October 28, 2026. We may utilize various methods to effect the repurchases, and the timing and extent of the repurchases will depend upon several factors, including market and business conditions, regulatory requirements and other corporate considerations, including whether our common shares or Series A Preferred Shares are trading at a significant discount to NAV per share. During the three months ended March 31, 2026, the Company repurchased 515,437 of its common shares at a total cost of approximately $2.2 million, or $4.37 per share on average. Since the inception of the share repurchase program through March 31, 2026, the Company had repurchased 1,077,594 of its common shares at a total cost of approximately $4.1 million, or $3.84 per share.\n\n \n\nPeriod\n\n \n\nTotal Number of Shares Purchased\n\n \n\n \n\nAverage Price Paid Per Share\n\n \n\n \n\nTotal Number of Shares Purchased as Part of Publicly Announced Plans or Programs\n\n \n\n \n\nApproximate Dollar Value of Shares that may yet be Purchased under the Plans or Programs (in millions)\n\n \n\nBeginning Total\n\n \n\n \n\n562,157\n\n \n\n \n\n$\n\n3.35\n\n \n\n \n\n \n\n562,157\n\n \n\n \n\n$\n\n18.1\n\n \n\nJanuary 1 – January 31\n\n \n\n \n\n194,376\n\n \n\n \n\n \n\n3.86\n\n \n\n \n\n \n\n194,376\n\n \n\n \n\n \n\n17.4\n\n \n\nFebruary 1 – February 28\n\n \n\n \n\n156,037\n\n \n\n \n\n \n\n4.81\n\n \n\n \n\n \n\n156,037\n\n \n\n \n\n \n\n16.6\n\n \n\nMarch 1 – March 31\n\n \n\n \n\n165,024\n\n \n\n \n\n \n\n4.54\n\n \n\n \n\n \n\n165,024\n\n \n\n \n\n \n\n15.9\n\n \n\nTotal as of March 31, 2026\n\n \n\n \n\n1,077,594\n\n \n\n \n\n$\n\n3.84\n\n \n\n \n\n \n\n1,077,594\n\n \n\n \n\n$\n\n15.9\n\n \n\n \n\nOn January 16, 2026, the Company issued a total of 212,863.17 common shares of the Company to the Adviser as payment of a portion of the monthly Advisory fees pursuant to the Advisory Agreement. These shares were issued to the Adviser in a private placement in reliance upon Section 4(a)(2) of the Securities Act."}