Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1273

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1273
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, Inc., filed with the SDAT on December 1, 2020, designating the terms, rights and preferences of the Series C Preferred Stock.

“Series C Preferred Distribution Payment Date” has the meaning set forth in .

“Series C Preferred Distribution Record Date” has the meaning set forth in .

“Series C Preferred Liquidation Event” has the meaning set forth in .

“Series C Preferred Liquidation Preference” has the meaning set forth in .

“Series C Preferred Original Issue Date” has the meaning set forth in .

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“Series C Preferred Redemption Premium” has the meaning set forth in .

“Series C Preferred Stock” means the 12.0% Series C Cumulative Non-Voting Preferred Stock, par value $0.01 per share, of the Managing Member.

“Series C Preferred Units” has the meaning set forth in .

“Series C Units” has the meaning set forth in .

“Series C Units Distribution Amount” means (a) 10% of the fair market value (as determined by the Managing Member in its reasonable discretion) of the total of the kind and amount of consideration payable in connection with any distribution on Common Units (other than Class B Units) pursuant to , paid pro rata based on the number of Series C Units then outstanding (for the avoidance of doubt, without reference to the number of Common Units then outstanding) and (b) to the extent applicable, the Series C Units Participation Amount; , however, if shares of Series D Preferred Stock are outstanding and the holder or holders thereof receive payment of the Participating Dividend Amount (as defined in the Series D Articles Supplementary) on the same payment date as any distribution on Common Units, the Series C Units Distribution Amount shall be reduced on a dollar-for-dollar basis by the amount of such Participating Dividend Amount paid by the Managing Member. For the avoidance of doubt, except to the extent attributable to the Series C Units Participation Amount, the Series C Units Distribution Amount expressly excludes Class B Available Cash.

“Series C Units Participation Amount” means all amounts distributable to the Series C Units pursuant to Section 13.2.A(5), up to an aggregate maximum amount in respect of such distributions equal to the Series C Units Participation Cap.

“Series C Units Participation Cap” means $8,421,021.90.

“Series D Accrued Distributions” has the meaning set forth in .

“Series D Accrued Minimum Cash Distribution” has the meaning set forth