Dondero Amends NexPoint REIT Stake Filing

TL;DR

Dondero's 29th filing update on NexPoint REIT - ownership details shifted.

AI Summary

James D. Dondero, through NexPoint Advisors, L.P., has amended their Schedule 13D filing for NexPoint Diversified Real Estate Trust on August 21, 2024. This amendment, the 29th, indicates a change in their beneficial ownership of the issuer's common stock. The filing details their holdings and intentions regarding the securities.

Why It Matters

This filing update from a significant holder like James D. Dondero can signal changes in their investment strategy or confidence in NexPoint Diversified Real Estate Trust, potentially influencing market perception and stock price.

Risk Assessment

Risk Level: medium — Amendments to 13D filings can indicate shifts in significant shareholder positions or intentions, which may impact the stock's volatility.

Key Numbers

• 29 — Amendment Number (Indicates this is the 29th update to the filing, suggesting ongoing activity or adjustments by the filer.)
• 20240821 — Filing Date (The date the amendment was officially submitted to the SEC.)

Key Players & Entities

• James D. Dondero (person) — Filing party and beneficial owner
• NexPoint Advisors, L.P. (company) — Filing entity and advisor
• NexPoint Diversified Real Estate Trust (company) — Issuer of the securities
• Stephanie Vitiello (person) — Authorized person to receive SEC filings

FAQ

Key Financial Figures

• $4.89 — The Dugaboy Investment Trust 40,471 $4.89 06/24/2024 The Dugaboy Investment Tru
• $4.93 — The Dugaboy Investment Trust 16,489 $4.93 06/25/2024 The Dugaboy Investment Tru
• $5.09 — The Dugaboy Investment Trust 45,552 $5.09 06/26/2024 The Dugaboy Investment Tru
• $5.10 — The Dugaboy Investment Trust 24,828 $5.10 06/27/2024 The Dugaboy Investment Tru
• $5.19 — The Dugaboy Investment Trust 15,544 $5.19 06/28/2024 The Dugaboy Investment Tru
• $5.44 — 4 The Dugaboy Investment Trust 9,832 $5.44 08/13/2024 NexPoint Real Estate Advis
• $6.2395 — ees for the month of April at a VWAP of $6.2395 per share. 3. Under the terms of the
• $5.4513 — fees for the month of May at a VWAP of $5.4513 per share. 4. Under the terms of the
• $5.1268 — fees for the month of June at a VWAP of $5.1268 per share.

Filing Documents

• jdond20240820_sc13da.htm (SC 13D/A) — 83KB
• 0001437749-24-027485.txt ( ) — 84KB

From the Filing

SC 13D/A 1 jdond20240820_sc13da.htm SCHEDULE 13D/A jdond20240820_sc13da.htm SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 29)* 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) August 13, 2024 (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 4,542,447.536 8 SHARED VOTING POWER 3,866,955.51 9 SOLE DISPOSITIVE POWER 4,542,447.536 10 SHARED DISPOSITIVE POWER 3,866,955.51 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,409,403.046 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) 20.69%* 14 TYPE OF REPORTING PERSON (see instruction) HC, IN * Based on 40,650,118.36 outstanding shares as of August 9, 2024. 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 809,820 9 SOLE DISPOSITIVE POWER 25,509.8617 10 SHARED DISPOSITIVE POWER 809,820 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 835,329.8617 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) 2.1%* 14 TYPE OF REPORTING PERSON (see instruction) IN * Based on 40,650,118.36 outstanding shares as of August 9, 2024. CUSIP No. 65340G106 13D/A Page 3 of 6 SCHEDULE 13D/A This Amendment No. 29 (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, as subsequently amended on August 16, 2022 and as subsequently amended on January 19, 2024 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

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