Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 65

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 65
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 of the Merger Agreement carefully and in its entirety, as the rights and obligations of the parties are governed by the express terms of the Merger Agreement and not by this summary or any other information contained in this Information Circular.

Immediately prior to the consummation of the Mergers (as defined below), the REIT intends to undergo a reorganization transaction, pursuant to which (i) each Unitholder will either (a) contribute all of such Unitholder’s equity interests in the REIT to New NHT in exchange for the New NHT Shares, or (b) have all of such Unitholder’s equity interests in the REIT redeemed for $0.36 cash per Unit and, immediately thereafter, (ii) New NHT shall cause the REIT to be wound up and liquidated, distributing its assets and liabilities to New NHT.

Procedure for Exchange of Certificates by Unitholders

If you are a Registered Holder, you will be sent a Letter of Transmittal and Election (printed on YELLOW paper) explaining how to deposit your Units in order to receive the Reorganization Consideration under the Reorganization. The Depositary will need to receive the applicable Letter of Transmittal and Election completed by you, if you are a Registered Holder before paying you any Reorganization Consideration under the Reorganization.

The Letter of Transmittal and Election, properly completed and duly executed in accordance with the instructions set out therein, together with all other required documents, must be received by the Depositary by mail to TSX Trust Company, 301-100 Adelaide Street West, Toronto Ontario M5H 4H1, Attention: Corporate Actions Department by no later than 10:00 a.m. (Toronto time) on February 18, 2025 or your election will not be processed. If you do not complete and return the enclosed Letter of Transmittal and Election or provide instructions to your Intermediary, you will be deemed to have elected to receive the Share Consideration in connection with the Reorganization. Notwithstanding the foregoing, if you are a Registered Holder, you will not receive your Reorganization Consideration under the Reorganization until after closing of the Transaction and you have returned your properly completed documents, including each applicable Letter of Transmittal and Election, and the certificate(s) representing your Units to the Depositary. If you are a Beneficial Holder, and you fail to instruct your Intermediary to complete and return the enclosed Letter of Transmittal by the election deadline,