Dondero Amends NXDT 13D, Updates Beneficial Ownership

TL;DR

**Dondero updated his NXDT ownership, signaling a change in his insider stake.**

AI Summary

James D. Dondero, a U.S. citizen, has filed an Amendment No. 28 to his Schedule 13D, indicating a change in his beneficial ownership of NexPoint Diversified Real Estate Trust (NYSE: NXDT) common stock. The filing, dated January 19, 2024, updates information regarding his holdings as part of a group, with the event requiring the filing occurring on April 30, 2023. This matters to investors because it provides transparency into the holdings of a significant insider, James D. Dondero, who is associated with NexPoint Advisors, L.P., the investment advisor to the trust.

Why It Matters

This filing provides updated transparency on a key insider's stake in NexPoint Diversified Real Estate Trust, which can influence investor perception and confidence in the company's leadership.

Risk Assessment

Risk Level: low — This is a routine amendment to an existing filing, providing updated information rather than indicating a new, significant event.

Analyst Insight

Investors should note the updated insider ownership, but this filing alone doesn't suggest a direct buy or sell signal; it's primarily an informational update on a significant holder's position.

Key Players & Entities

• James D. Dondero (person) — Reporting Person, U.S. citizen, associated with NexPoint Advisors, L.P.
• NexPoint Diversified Real Estate Trust (company) — Issuer of the Common Stock (NXDT)
• NexPoint Advisors, L.P. (company) — Investment advisor, associated with Stephanie Vitiello
• Stephanie Vitiello (person) — Chief Compliance Officer of NexPoint Advisors, L.P.

FAQ

Filing Documents

• jdond20240118_sc13da.htm (SC 13D/A) — 60KB
• 0001437749-24-001658.txt ( ) — 61KB

From the Filing

SC 13D/A 1 jdond20240118_sc13da.htm SCHEDULE 13D/A jdond20240118_sc13da.htm SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 28)* NexPoint Diversified Real Estate Trust (Name of Issuer) Common Stock (Title of Class of Securities) 65340G106 (CUSIP NUMBER) Stephanie Vitiello, Chief Compliance Officer NexPoint Advisors, L.P. 300 Crescent Court, Suite 700 Dallas, Texas 75201 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 30, 2023 (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g) check the following box . Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7 for other parties to whom copies are to be sent. CUSIP No. 65340G106 13D/A Page 1 of 6 1 NAME OF REPORTING PERSONS James D. Dondero 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instruction) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (see instruction) WC/AF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 4,224,870.9878 8 SHARED VOTING POWER 3,097,916.6796 9 SOLE DISPOSITIVE POWER 4,224,870.9878 10 SHARED DISPOSITIVE POWER 3,097,916.6796 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,322,787.6674 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instruction) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.1%* 14 TYPE OF REPORTING PERSON (see instruction) HC, IN * Based on 38,389,599.99 outstanding shares as of December 31, 2023. CUSIP No. 65340G106 13D/A Page 2 of 6 1 NAME OF REPORTING PERSONS Nancy Marie Dondero 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instruction) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (see instruction) AF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 25,509.8617 8 SHARED VOTING POWER 102,948 9 SOLE DISPOSITIVE POWER 25,509.8617 10 SHARED DISPOSITIVE POWER 102,948 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 128,457.8617 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instruction) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.3%* 14 TYPE OF REPORTING PERSON (see instruction) IN * Based on 38,389,599.99 outstanding shares as of December 31, 2023. SCHEDULE 13D/A This Amendment No. 28 (this "Amendment") is being filed on behalf of James D. Dondero and Nancy Marie Dondero (collectively, the "Reporting Persons"), and amends the Schedule 13D filed with the United States Securities and Exchange Commission on September 24, 2014, as subsequently amended on October 24, 2014, as subsequently amended on October 31, 2014, as subsequently amended on February 27, 2015, as subsequently amended on March 12, 2015, as subsequently amended on April 29, 2015, as subsequently amended on August 5, 2015, as subsequently amended on August 11, 2015, as subsequently amended on September 1, 2015, as subsequently amended on October 16, 2015, as subsequently amended on January 22, 2016, as subsequently amended on April 22, 2016, as subsequently amended on August 25, 2016, as subsequently amended on October 25, 2016, as subsequently amended on February 22, 2017, as subsequently amended on June 23, 2017, as subsequently amended on May 8, 2018, as subsequently amended on June 13, 2018, as subsequently amended on October 25, 2018, as subsequently amended on June 19, 2019, as subsequently amended on January 17, 2020, as subsequently amended on April 6, 2020, as subsequently amended on March 3, 2021, as subsequently amended on October 25, 2021, as subsequently amended on December 15, 2021, as subsequently amended on February 2, 2022, as subsequently amended on April 8, 2022 and as subsequently amended on August 16, 2022 relating to the Common Stock (the "Common Stock") of NexPoint Diversified Real Estate Trust (f/k/a NexPoint Strategic Opportunities Fund), a Delaware statutory trust (the "Issuer"), held by the Reporting Persons and certain related or other entities. The information set forth in response to each separate Item below shall be deemed to be a response to all Items where such information is relevant. The Schedule 13D is supplementally amended as follows. Item 3. Source and Amount of Funds

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