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NEXPOINT DIVERSIFIED REAL ESTATE TRUST 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and NEXPOINT DIVERSIFIED REAL ESTATE TRUST’s Form 8-K, filed 2026-06-02 (Item 5.07 on EDGAR). Page generated 02 October 2026.

13Reported items
153Asset managers
1,312Fund votes
2026-06-02Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore NEXPOINT DIVERSIFIED REAL ESTATE TRUST in the interactive database Compare manager voting policies

Official 2025-2026 meeting results reported by NEXPOINT DIVERSIFIED REAL ESTATE TRUST

These tallies are NEXPOINT DIVERSIFIED REAL ESTATE TRUST’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2026-06-02 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

NEXPOINT DIVERSIFIED REAL ESTATE TRUST — official shareholder meeting results, meeting held 2026-06-02
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: James Dondero	27,530,193	--	--	2,416,579	14,436,658	Majority: yes
Elect Director: Brian Mitts	27,712,602	--	--	2,234,170	14,436,658	Majority: yes
Elect Director: Edward Constantino	26,749,675	--	--	3,197,097	14,436,658	Majority: yes
Elect Director: Scott Kavanaugh	24,208,120	--	--	5,738,652	14,436,658	Majority: yes
Elect Director: Arthur Laffer	26,863,985	--	--	3,082,787	14,436,658	Majority: yes
Elect Director: Carol Swain	26,814,757	--	--	3,132,015	14,436,658	Majority: yes
Elect Director: Catherine Wood	25,305,303	--	--	4,641,469	14,436,658	Majority: yes
Proposal 2: Approval, on an advisory basis, of the compensation of the Company ' s named executive officers . The compensation of the Company's named executive officers was approved.	26,993,180	2,516,601	436,991	--	14,436,658	Majority: yes
Proposal 3: Approval of the NexPoint Diversified Real Estate Trust 2026 Long Term Incentive Plan . The 2026 LTIP was approved.	26,945,964	2,833,644	167,164	--	14,436,658	Majority: yes
Proposal 4: Approval, in accordance with Section 312.03(c) of the New York Stock Exchange Listed Company Manual and Section 11(g) of the Statement of Preferences of 9.00% Series B Cumulative Redeemable Preferred Shares (the " Series B Preferred Shares " ), of	27,382,186	2,442,145	122,441	--	14,436,658	Majority: yes
Proposal 5: Ratification of the appointment of KPMG LLP as the Company ' s independent registered public accounting firm for 2026 . The appointment was ratified.	42,760,080	1,514,886	108,464	--	0	Majority: yes
Proposal 6: Shareholder proposal. The shareholder proposal regarding liquidating the Company's assets was not approved.	4,570,997	25,160,407	215,368	--	14,436,658	Majority: no

Source: NEXPOINT DIVERSIFIED REAL ESTATE TRUST, Form 8-K, filed with the SEC on 2026-06-02 — read the filing on EDGAR.

How asset managers voted at the NEXPOINT DIVERSIFIED REAL ESTATE TRUST 2025-2026 meeting

Each item below shows how the 153 asset managers that disclosed a NEXPOINT DIVERSIFIED REAL ESTATE TRUST vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of NEXPOINT DIVERSIFIED REAL ESTATE TRUST’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. To approve, on an advisory basis, the compensation of our named executive officers.

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%9%

FOR: 26,993,180AGAINST: 2,516,601

NEXPOINT DIVERSIFIED REAL ESTATE TRUST’s own tally for this item (“Proposal 2: Approval, on an advisory basis, of the compensation of the Company ' s named executive officers . The compensation of the Company's named executive officers was approved.”): 26,993,180 for, 2,516,601 against, per its Form 8-K filed 2026-06-02 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 51,723,778 outstanding shares: 52.2% for, 5% against (57% of the company cast a for/against vote).

The 152 asset managers below cast 85% of the shares they voted on this item FOR (13,828,557 for, 2,504,328 against).

FOR 84%AGAINST 15%

FOR: 13,828,557 (84.3%)AGAINST: 2,504,328 (15.3%)ABSTAIN: 71,026 (0.4%)

Largest asset managers voting on “To approve, on an advisory basis, the compensation of our named executive officers.” at NEXPOINT DIVERSIFIED REAL ESTATE TRUST, 2025-2026
Asset manager	For	Against	Vote
BlackRock	2,504,369	34	For
Vanguard	1,988,323	4	For
HIGHLAND OPPORTUNITIES & INCOME FUND	1,559,149	0	For
GEODE CAPITAL MANAGEMENT, LLC	952,162	0	For
Matisse Capital	0	883,189	Against
Starboard	0	877,806	Against
TCW GROUP INC	837,587	0	For
Fidelity	821,955	0	For
NexPoint Advisors, L.P.	700,375	0	For
Charles Schwab	691,721	0	For
HIGHLAND GLOBAL ALLOCATION FUND	685,785	0	For
Modern Capital Funds Trust	528,561	0	For
State Street	465,120	136	For
OPPENHEIMER & CO INC	217,100	0	For
Nuveen	0	216,872	Against
TIAA	0	196,699	Against
Northern Trust	162,053	0	For
STIFEL NICOLAUS & CO INC \MO\	137,585	0	For
MELLON INVESTMENTS Corp	0	117,330	Against
Berkeley Capital Partners, LLC	114,317	0	For
NICOLET BANKSHARES INC	103,867	0	For
Equitable	100,111	0	For
Thomas J. Herzfeld Advisors, Inc.	0	99,533	Against
Atlas Wealth LLC	0	80,864	Against
FULLER & THALER ASSET MANAGEMENT, INC.	76,148	0	For

Showing the 25 largest of 152 asset managers. See all 152 in the interactive database.

2. To approve the NexPoint Diversified Real Estate Trust 2026 Long Term Incentive Plan.

COMPENSATIONMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%10%

FOR: 26,945,964AGAINST: 2,833,644

NEXPOINT DIVERSIFIED REAL ESTATE TRUST’s own tally for this item (“Proposal 3: Approval of the NexPoint Diversified Real Estate Trust 2026 Long Term Incentive Plan . The 2026 LTIP was approved.”): 26,945,964 for, 2,833,644 against, per its Form 8-K filed 2026-06-02 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 51,723,778 outstanding shares: 52.1% for, 5% against (58% of the company cast a for/against vote).

The 42 asset managers below cast 88% of the shares they voted on this item FOR (7,719,281 for, 1,077,598 against).

FOR 88%12%

FOR: 7,719,281 (87.8%)AGAINST: 1,077,598 (12.2%)

Largest asset managers voting on “To approve the NexPoint Diversified Real Estate Trust 2026 Long Term Incentive Plan.” at NEXPOINT DIVERSIFIED REAL ESTATE TRUST, 2025-2026
Asset manager	For	Against	Vote
Vanguard	1,711,095	4	For
HIGHLAND OPPORTUNITIES & INCOME FUND	1,559,149	0	For
BlackRock	1,529,417	0	For
Starboard	0	877,806	Against
Fidelity	812,671	0	For
HIGHLAND GLOBAL ALLOCATION FUND	685,785	0	For
Modern Capital Funds Trust	528,561	0	For
Charles Schwab	345,742	0	For
TIAA	0	196,699	Against
Berkeley Capital Partners, LLC	114,317	0	For
Equitable	100,111	0	For
Capitol Series Trust	65,099	0	For
QUANTITATIVE MASTER SERIES LLC	58,356	0	For
MUTUAL FUND SERIES TRUST	34,477	0	For
Lincoln Financial	25,926	0	For
Goldman Sachs	17,249	0	For
Global X	16,948	0	For
Pacific Life	16,314	0	For
Bridge Builder Trust	15,918	0	For
Nationwide	15,071	0	For
Brighthouse	12,700	0	For
John Hancock	10,195	0	For
SEI	7,596	0	For
ProShares	5,988	0	For
DWS	5,344	0	For

Showing the 25 largest of 42 asset managers. See all 42 in the interactive database.

3. To approve, in accordance with Section 312.03(c) of the New York Stock Exchange Listed Company Manual and Section 11(g) of the Statement of Preferences of 9.00% Series B Cumulative Redeemable Preferred Shares, the issuance of common shares upon the conversion or redemption of any and all of the 9.00% Series B Cumulative Redeemable Preferred Shares, par value $0.001 per share, liquidation preferenc

EXTRAORDINARY TRANSACTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%

FOR: 27,382,186AGAINST: 2,442,145

NEXPOINT DIVERSIFIED REAL ESTATE TRUST’s own tally for this item (“Proposal 4: Approval, in accordance with Section 312.03(c) of the New York Stock Exchange Listed Company Manual and Section 11(g) of the Statement of Preferences of 9.00% Series B Cumulative Redeemable Preferred Shares (”): 27,382,186 for, 2,442,145 against, per its Form 8-K filed 2026-06-02 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 51,723,778 outstanding shares: 52.9% for, 5% against (58% of the company cast a for/against vote).

The 42 asset managers below cast 90% of the shares they voted on this item FOR (7,889,271 for, 907,607 against).

FOR 90%10%

FOR: 7,889,271 (89.7%)AGAINST: 907,607 (10.3%)

Largest asset managers voting on “To approve, in accordance with Section 312.03(c) of the New York Stock Exchange Listed Company Manual and Sect” at NEXPOINT DIVERSIFIED REAL ESTATE TRUST, 2025-2026
Asset manager	For	Against	Vote
Vanguard	1,711,095	3	For
HIGHLAND OPPORTUNITIES & INCOME FUND	1,559,149	0	For
BlackRock	1,529,417	0	For
Starboard	0	877,806	Against
Fidelity	812,671	0	For
HIGHLAND GLOBAL ALLOCATION FUND	685,785	0	For
Modern Capital Funds Trust	528,561	0	For
Charles Schwab	345,742	0	For
TIAA	196,699	0	For
Berkeley Capital Partners, LLC	114,317	0	For
Equitable	100,111	0	For
Capitol Series Trust	65,099	0	For
QUANTITATIVE MASTER SERIES LLC	58,356	0	For
MUTUAL FUND SERIES TRUST	34,477	0	For
Lincoln Financial	0	25,926	Against
Goldman Sachs	17,249	0	For
Global X	16,948	0	For
Pacific Life	16,314	0	For
Bridge Builder Trust	15,918	0	For
Nationwide	15,071	0	For
Brighthouse	12,700	0	For
John Hancock	10,195	0	For
SEI	7,596	0	For
ProShares	5,988	0	For
DWS	5,344	0	For

Showing the 25 largest of 42 asset managers. See all 42 in the interactive database.

4. To elect seven trustees to serve until the 2027 annual meeting of shareholders: Arthur Laffer

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%10%

FOR: 26,863,985WITHHELD: 3,082,787

NEXPOINT DIVERSIFIED REAL ESTATE TRUST’s own tally for this item (“Elect Director: Arthur Laffer”): 26,863,985 for, 3,082,787 withheld, per its Form 8-K filed 2026-06-02 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 51,723,778 outstanding shares: 51.9% for, 6% withheld (58% of the company cast a for/withheld vote).

The 42 asset managers below cast 100% of the shares they voted on this item FOR (7,802,948 for, 0 against).

FOR 89%11%

FOR: 7,802,948 (88.7%)ABSTAIN: 993,931 (11.3%)

Largest asset managers voting on “To elect seven trustees to serve until the 2027 annual meeting of shareholders: Arthur Laffer” at NEXPOINT DIVERSIFIED REAL ESTATE TRUST, 2025-2026
Asset manager	For	Abstain	Vote
Vanguard	1,711,094	5	For
HIGHLAND OPPORTUNITIES & INCOME FUND	1,559,149	0	For
BlackRock	1,529,417	0	For
Starboard	0	877,806	Abstain
Fidelity	812,671	0	For
HIGHLAND GLOBAL ALLOCATION FUND	685,785	0	For
Modern Capital Funds Trust	528,561	0	For
Charles Schwab	345,742	0	For
TIAA	196,699	0	For
Berkeley Capital Partners, LLC	114,317	0	For
Equitable	100,111	0	For
Capitol Series Trust	0	65,099	Abstain
QUANTITATIVE MASTER SERIES LLC	58,356	0	For
MUTUAL FUND SERIES TRUST	34,477	0	For
Lincoln Financial	25,926	0	For
Goldman Sachs	17,249	0	For
Global X	16,948	0	For
Pacific Life	16,314	0	For
Bridge Builder Trust	15,918	0	For
Nationwide	15,071	0	For
Brighthouse	0	12,700	Abstain
John Hancock	0	10,195	Abstain
SEI	7,596	0	For
ProShares	0	5,988	Abstain
DWS	0	5,344	Abstain

Showing the 25 largest of 42 asset managers. See all 42 in the interactive database.

5. To elect seven trustees to serve until the 2027 annual meeting of shareholders: Brian Mitts

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%7%

FOR: 27,712,602WITHHELD: 2,234,170

NEXPOINT DIVERSIFIED REAL ESTATE TRUST’s own tally for this item (“Elect Director: Brian Mitts”): 27,712,602 for, 2,234,170 withheld, per its Form 8-K filed 2026-06-02 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 51,723,778 outstanding shares: 53.6% for, 4% withheld (58% of the company cast a for/withheld vote).

The 42 asset managers below cast 100% of the shares they voted on this item FOR (7,918,890 for, 0 against).

FOR 90%10%

FOR: 7,918,890 (90.0%)ABSTAIN: 877,989 (10.0%)

Largest asset managers voting on “To elect seven trustees to serve until the 2027 annual meeting of shareholders: Brian Mitts” at NEXPOINT DIVERSIFIED REAL ESTATE TRUST, 2025-2026
Asset manager	For	Abstain	Vote
Vanguard	1,711,096	3	For
HIGHLAND OPPORTUNITIES & INCOME FUND	1,559,149	0	For
BlackRock	1,529,417	0	For
Starboard	0	877,806	Abstain
Fidelity	812,671	0	For
HIGHLAND GLOBAL ALLOCATION FUND	685,785	0	For
Modern Capital Funds Trust	528,561	0	For
Charles Schwab	345,742	0	For
TIAA	196,699	0	For
Berkeley Capital Partners, LLC	114,317	0	For
Equitable	100,111	0	For
Capitol Series Trust	65,099	0	For
QUANTITATIVE MASTER SERIES LLC	58,356	0	For
MUTUAL FUND SERIES TRUST	34,477	0	For
Lincoln Financial	25,926	0	For
Goldman Sachs	17,249	0	For
Global X	16,948	0	For
Pacific Life	16,314	0	For
Bridge Builder Trust	15,918	0	For
Nationwide	15,071	0	For
Brighthouse	12,700	0	For
John Hancock	10,195	0	For
SEI	7,596	0	For
ProShares	5,988	0	For
DWS	5,344	0	For

Showing the 25 largest of 42 asset managers. See all 42 in the interactive database.

6. To elect seven trustees to serve until the 2027 annual meeting of shareholders: Carol Swain

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%10%

FOR: 26,814,757WITHHELD: 3,132,015

NEXPOINT DIVERSIFIED REAL ESTATE TRUST’s own tally for this item (“Elect Director: Carol Swain”): 26,814,757 for, 3,132,015 withheld, per its Form 8-K filed 2026-06-02 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 51,723,778 outstanding shares: 51.8% for, 6% withheld (58% of the company cast a for/withheld vote).

The 42 asset managers below cast 100% of the shares they voted on this item FOR (7,802,948 for, 0 against).

FOR 89%11%

FOR: 7,802,948 (88.7%)ABSTAIN: 993,931 (11.3%)

Largest asset managers voting on “To elect seven trustees to serve until the 2027 annual meeting of shareholders: Carol Swain” at NEXPOINT DIVERSIFIED REAL ESTATE TRUST, 2025-2026
Asset manager	For	Abstain	Vote
Vanguard	1,711,094	5	For
HIGHLAND OPPORTUNITIES & INCOME FUND	1,559,149	0	For
BlackRock	1,529,417	0	For
Starboard	0	877,806	Abstain
Fidelity	812,671	0	For
HIGHLAND GLOBAL ALLOCATION FUND	685,785	0	For
Modern Capital Funds Trust	528,561	0	For
Charles Schwab	345,742	0	For
TIAA	196,699	0	For
Berkeley Capital Partners, LLC	114,317	0	For
Equitable	100,111	0	For
Capitol Series Trust	0	65,099	Abstain
QUANTITATIVE MASTER SERIES LLC	58,356	0	For
MUTUAL FUND SERIES TRUST	34,477	0	For
Lincoln Financial	25,926	0	For
Goldman Sachs	17,249	0	For
Global X	16,948	0	For
Pacific Life	16,314	0	For
Bridge Builder Trust	15,918	0	For
Nationwide	15,071	0	For
Brighthouse	0	12,700	Abstain
John Hancock	0	10,195	Abstain
SEI	7,596	0	For
ProShares	0	5,988	Abstain
DWS	0	5,344	Abstain

Showing the 25 largest of 42 asset managers. See all 42 in the interactive database.

7. To elect seven trustees to serve until the 2027 annual meeting of shareholders: Catherine Wood

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

85% Majority: yes · of votes cast

FOR 85%WITHHELD 15%

FOR: 25,305,303WITHHELD: 4,641,469

NEXPOINT DIVERSIFIED REAL ESTATE TRUST’s own tally for this item (“Elect Director: Catherine Wood”): 25,305,303 for, 4,641,469 withheld, per its Form 8-K filed 2026-06-02 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 51,723,778 outstanding shares: 48.9% for, 9% withheld (58% of the company cast a for/withheld vote).

The 42 asset managers below cast 100% of the shares they voted on this item FOR (6,784,265 for, 0 against).

FOR 77%ABSTAIN 23%

FOR: 6,784,265 (77.1%)ABSTAIN: 2,012,614 (22.9%)

Largest asset managers voting on “To elect seven trustees to serve until the 2027 annual meeting of shareholders: Catherine Wood” at NEXPOINT DIVERSIFIED REAL ESTATE TRUST, 2025-2026
Asset manager	For	Abstain	Vote
Vanguard	1,709,724	1,376	For
HIGHLAND OPPORTUNITIES & INCOME FUND	1,559,149	0	For
BlackRock	1,529,417	0	For
Starboard	0	877,806	Abstain
Fidelity	0	812,671	Abstain
HIGHLAND GLOBAL ALLOCATION FUND	685,785	0	For
Modern Capital Funds Trust	528,561	0	For
Charles Schwab	345,742	0	For
TIAA	0	196,699	Abstain
Berkeley Capital Partners, LLC	114,317	0	For
Equitable	100,111	0	For
Capitol Series Trust	0	65,099	Abstain
QUANTITATIVE MASTER SERIES LLC	58,356	0	For
MUTUAL FUND SERIES TRUST	34,477	0	For
Lincoln Financial	25,926	0	For
Goldman Sachs	17,249	0	For
Global X	16,948	0	For
Pacific Life	16,314	0	For
Bridge Builder Trust	15,918	0	For
Nationwide	11,655	3,416	For
Brighthouse	0	12,700	Abstain
John Hancock	0	10,195	Abstain
SEI	7,596	0	For
ProShares	0	5,988	Abstain
DWS	0	5,344	Abstain

Showing the 25 largest of 42 asset managers. See all 42 in the interactive database.

8. To elect seven trustees to serve until the 2027 annual meeting of shareholders: Edward Constantino

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

89% Majority: yes · of votes cast

FOR 89%11%

FOR: 26,749,675WITHHELD: 3,197,097

NEXPOINT DIVERSIFIED REAL ESTATE TRUST’s own tally for this item (“Elect Director: Edward Constantino”): 26,749,675 for, 3,197,097 withheld, per its Form 8-K filed 2026-06-02 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 51,723,778 outstanding shares: 51.7% for, 6% withheld (58% of the company cast a for/withheld vote).

The 42 asset managers below cast 100% of the shares they voted on this item FOR (7,802,948 for, 0 against).

FOR 89%11%

FOR: 7,802,948 (88.7%)ABSTAIN: 993,931 (11.3%)

Largest asset managers voting on “To elect seven trustees to serve until the 2027 annual meeting of shareholders: Edward Constantino” at NEXPOINT DIVERSIFIED REAL ESTATE TRUST, 2025-2026
Asset manager	For	Abstain	Vote
Vanguard	1,711,094	5	For
HIGHLAND OPPORTUNITIES & INCOME FUND	1,559,149	0	For
BlackRock	1,529,417	0	For
Starboard	0	877,806	Abstain
Fidelity	812,671	0	For
HIGHLAND GLOBAL ALLOCATION FUND	685,785	0	For
Modern Capital Funds Trust	528,561	0	For
Charles Schwab	345,742	0	For
TIAA	196,699	0	For
Berkeley Capital Partners, LLC	114,317	0	For
Equitable	100,111	0	For
Capitol Series Trust	0	65,099	Abstain
QUANTITATIVE MASTER SERIES LLC	58,356	0	For
MUTUAL FUND SERIES TRUST	34,477	0	For
Lincoln Financial	25,926	0	For
Goldman Sachs	17,249	0	For
Global X	16,948	0	For
Pacific Life	16,314	0	For
Bridge Builder Trust	15,918	0	For
Nationwide	15,071	0	For
Brighthouse	0	12,700	Abstain
John Hancock	0	10,195	Abstain
SEI	7,596	0	For
ProShares	0	5,988	Abstain
DWS	0	5,344	Abstain

Showing the 25 largest of 42 asset managers. See all 42 in the interactive database.

9. To elect seven trustees to serve until the 2027 annual meeting of shareholders: James Dondero

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%

FOR: 27,530,193WITHHELD: 2,416,579

NEXPOINT DIVERSIFIED REAL ESTATE TRUST’s own tally for this item (“Elect Director: James Dondero”): 27,530,193 for, 2,416,579 withheld, per its Form 8-K filed 2026-06-02 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 51,723,778 outstanding shares: 53.2% for, 5% withheld (58% of the company cast a for/withheld vote).

The 42 asset managers below cast 100% of the shares they voted on this item FOR (7,914,432 for, 0 against).

FOR 90%10%

FOR: 7,914,432 (90.0%)ABSTAIN: 882,447 (10.0%)

Largest asset managers voting on “To elect seven trustees to serve until the 2027 annual meeting of shareholders: James Dondero” at NEXPOINT DIVERSIFIED REAL ESTATE TRUST, 2025-2026
Asset manager	For	Abstain	Vote
Vanguard	1,709,728	1,372	For
HIGHLAND OPPORTUNITIES & INCOME FUND	1,559,149	0	For
BlackRock	1,529,417	0	For
Starboard	0	877,806	Abstain
Fidelity	812,671	0	For
HIGHLAND GLOBAL ALLOCATION FUND	685,785	0	For
Modern Capital Funds Trust	528,561	0	For
Charles Schwab	345,742	0	For
TIAA	196,699	0	For
Berkeley Capital Partners, LLC	114,317	0	For
Equitable	100,111	0	For
Capitol Series Trust	65,099	0	For
QUANTITATIVE MASTER SERIES LLC	58,356	0	For
MUTUAL FUND SERIES TRUST	34,477	0	For
Lincoln Financial	25,926	0	For
Goldman Sachs	17,249	0	For
Global X	16,948	0	For
Pacific Life	16,314	0	For
Bridge Builder Trust	15,918	0	For
Nationwide	15,071	0	For
Brighthouse	12,700	0	For
John Hancock	10,195	0	For
SEI	7,596	0	For
ProShares	5,988	0	For
DWS	5,344	0	For

Showing the 25 largest of 42 asset managers. See all 42 in the interactive database.

10. To elect seven trustees to serve until the 2027 annual meeting of shareholders: Scott Kavanaugh

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

81% Majority: yes · of votes cast

FOR 81%WITHHELD 19%

FOR: 24,208,120WITHHELD: 5,738,652

NEXPOINT DIVERSIFIED REAL ESTATE TRUST’s own tally for this item (“Elect Director: Scott Kavanaugh”): 24,208,120 for, 5,738,652 withheld, per its Form 8-K filed 2026-06-02 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 51,723,778 outstanding shares: 46.8% for, 11% withheld (58% of the company cast a for/withheld vote).

The 42 asset managers below cast 100% of the shares they voted on this item FOR (6,892,586 for, 0 against).

FOR 78%ABSTAIN 22%

FOR: 6,892,586 (78.4%)ABSTAIN: 1,904,293 (21.6%)

Largest asset managers voting on “To elect seven trustees to serve until the 2027 annual meeting of shareholders: Scott Kavanaugh” at NEXPOINT DIVERSIFIED REAL ESTATE TRUST, 2025-2026
Asset manager	For	Abstain	Vote
Vanguard	1,709,724	1,376	For
HIGHLAND OPPORTUNITIES & INCOME FUND	1,559,149	0	For
BlackRock	1,529,417	0	For
Starboard	0	877,806	Abstain
Fidelity	0	812,671	Abstain
HIGHLAND GLOBAL ALLOCATION FUND	685,785	0	For
Modern Capital Funds Trust	528,561	0	For
Charles Schwab	345,742	0	For
TIAA	196,699	0	For
Berkeley Capital Partners, LLC	114,317	0	For
Equitable	65,555	34,556	For
Capitol Series Trust	0	65,099	Abstain
QUANTITATIVE MASTER SERIES LLC	58,356	0	For
MUTUAL FUND SERIES TRUST	34,477	0	For
Lincoln Financial	0	25,926	Abstain
Goldman Sachs	17,249	0	For
Global X	0	16,948	Abstain
Pacific Life	16,314	0	For
Bridge Builder Trust	15,918	0	For
Nationwide	15,071	0	For
Brighthouse	0	12,700	Abstain
John Hancock	0	10,195	Abstain
SEI	0	7,596	Abstain
ProShares	0	5,988	Abstain
DWS	0	5,344	Abstain

Showing the 25 largest of 42 asset managers. See all 42 in the interactive database.

11. To ratify the appointment of KPMG LLP as our independent registered public accounting firm for 2026.

AUDIT-RELATEDMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 42,760,080AGAINST: 1,514,886

NEXPOINT DIVERSIFIED REAL ESTATE TRUST’s own tally for this item (“Proposal 5: Ratification of the appointment of KPMG LLP as the Company ' s independent registered public accounting firm for 2026 . The appointment was ratified.”): 42,760,080 for, 1,514,886 against, per its Form 8-K filed 2026-06-02 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 51,723,778 outstanding shares: 83% for, 3% against (86% of the company cast a for/against vote).

The 42 asset managers below cast 90% of the shares they voted on this item FOR (7,919,070 for, 877,809 against).

FOR 90%10%

FOR: 7,919,070 (90.0%)AGAINST: 877,809 (10.0%)

Largest asset managers voting on “To ratify the appointment of KPMG LLP as our independent registered public accounting firm for 2026.” at NEXPOINT DIVERSIFIED REAL ESTATE TRUST, 2025-2026
Asset manager	For	Against	Vote
Vanguard	1,711,096	3	For
HIGHLAND OPPORTUNITIES & INCOME FUND	1,559,149	0	For
BlackRock	1,529,417	0	For
Starboard	0	877,806	Against
Fidelity	812,671	0	For
HIGHLAND GLOBAL ALLOCATION FUND	685,785	0	For
Modern Capital Funds Trust	528,561	0	For
Charles Schwab	345,742	0	For
TIAA	196,699	0	For
Berkeley Capital Partners, LLC	114,317	0	For
Equitable	100,111	0	For
Capitol Series Trust	65,099	0	For
QUANTITATIVE MASTER SERIES LLC	58,356	0	For
MUTUAL FUND SERIES TRUST	34,477	0	For
Lincoln Financial	25,926	0	For
Goldman Sachs	17,249	0	For
Global X	16,948	0	For
Pacific Life	16,314	0	For
Bridge Builder Trust	15,918	0	For
Nationwide	15,071	0	For
Brighthouse	12,700	0	For
John Hancock	10,195	0	For
SEI	7,596	0	For
ProShares	5,988	0	For
DWS	5,344	0	For

Showing the 25 largest of 42 asset managers. See all 42 in the interactive database.

12. If properly presented at the annual meeting, to vote on the shareholder proposal presented under the heading "Shareholder Proposal" in the proxy statement. a. Please note the board is recommending a vote against the shareholder proposal.

EXTRAORDINARY TRANSACTIONS

Combines 4 wordings of this item as funds reported it.

10% fund support · no official result

10%AGAINST 90%

The 39 asset managers below cast 10% of the shares they voted on this item FOR (877,815 for, 7,918,884 against).

FOR: 877,815 (10.0%)AGAINST: 7,918,884 (90.0%)

Largest asset managers voting on “If properly presented at the annual meeting, to vote on the shareholder proposal presented under the heading "” at NEXPOINT DIVERSIFIED REAL ESTATE TRUST, 2025-2026
Asset manager	For	Against	Vote
Vanguard	9	1,711,090	Against
HIGHLAND OPPORTUNITIES & INCOME FUND	0	1,559,149	Against
BlackRock	0	1,529,417	Against
Starboard	877,806	0	For
Fidelity	0	812,671	Against
HIGHLAND GLOBAL ALLOCATION FUND	0	685,785	Against
Modern Capital Funds Trust	0	528,561	Against
Charles Schwab	0	345,742	Against
TIAA	0	196,699	Against
Berkeley Capital Partners, LLC	0	114,317	Against
Equitable	0	100,111	Against
Capitol Series Trust	0	65,099	Against
QUANTITATIVE MASTER SERIES LLC	0	58,356	Against
MUTUAL FUND SERIES TRUST	0	34,477	Against
Lincoln Financial	0	25,926	Against
Goldman Sachs	0	17,249	Against
Global X	0	16,948	Against
Pacific Life	0	16,314	Against
Bridge Builder Trust	0	15,918	Against
Nationwide	0	15,071	Against
Brighthouse	0	12,700	Against
John Hancock	0	10,195	Against
SEI	0	7,596	Against
ProShares	0	5,988	Against
DWS	0	5,344	Against

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

Showing the 12 reported items with the widest manager coverage, of 13 in total. View every item.

Largest NEXPOINT DIVERSIFIED REAL ESTATE TRUST shareholders voting in 2025-2026

Ranked by the number of NEXPOINT DIVERSIFIED REAL ESTATE TRUST shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 51,723,778 shares outstanding at the time of that meeting.

Top NEXPOINT DIVERSIFIED REAL ESTATE TRUST shareholders by shares voted, 2025-2026
#	Asset manager	% of shares outstanding
1	BlackRock	4.84%
2	Vanguard	3.84%
3	HIGHLAND OPPORTUNITIES & INCOME FUND	3.01%
4	GEODE CAPITAL MANAGEMENT, LLC	1.84%
5	Matisse Capital	1.71%
6	Starboard	1.70%
7	TCW GROUP INC	1.62%
8	Fidelity	1.59%
9	NexPoint Advisors, L.P.	1.35%
10	Charles Schwab	1.34%

Reported NEXPOINT DIVERSIFIED REAL ESTATE TRUST ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

NEXPOINT DIVERSIFIED REAL ESTATE TRUST beneficial owners on record for the 2025-2026 proxy season
Holder	% outstanding	Disclosure
James Dondero	24.03%	DEF14A
DONDERO JAMES D	23.38%	13D
BlackRock	6.04%	13F
Morgan Stanley	4.29%	13G
Vanguard Group	4.22%	13F
Geode Capital	1.93%	13F
State Street	1.75%	13F
Dustin Norris	1.72%	DEF14A
Charles Schwab	0.71%	13F
Matt McGraner	0.70%	DEF14A

Percentages above are of 51,723,778 shares outstanding, as reported by NEXPOINT DIVERSIFIED REAL ESTATE TRUST on its Form 10-Q dated 2026-05-15 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from NEXPOINT DIVERSIFIED REAL ESTATE TRUST’s 10-Q dated 2026-05-15. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At NEXPOINT DIVERSIFIED REAL ESTATE TRUST's shareholder meeting held 2026-06-02, in the 2025-2026 proxy season, 153 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,312 separate fund positions. Their filings are grouped here into 13 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — To approve, on an advisory basis, the compensation of our named executive officers. — FOR was 91% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: NEXPOINT DIVERSIFIED REAL ESTATE TRUST's Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2026-06-02.

NEXPOINT DIVERSIFIED REAL ESTATE TRUST proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).