NexPoint Strategic Opportunities Fund

NexPoint Diversified Real Estate Trust ("NXDT"") is an externally advised diversified real estate investment trust (""REIT"") with its shares of common stock and 5.50% Series A Cumulative Preferred Shares listed on the New York Stock Exchange under the symbols NXDT and NXDT-PA respectively. As a diversified REIT NXDT's primary investment objective is to provide both current income and capital appreciation. NXDT seeks to achieve this objective by investing among various commercial real estate property types and across the capital structure including but not limited to mortgage debt mezzanine debt and common and preferred equity. Target underlying property types primarily include but are not limited to industrial hospitality net lease retail office storage and healthcare and to the extent currently owned multifamily and single-family rentals. NXDT also may to a limited extent hold acquire or transact in certain non-real estate securities."