Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 197

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 197
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 voting separately as a class to the extent its rights are affected differently); provided that the New Series B Preferred Stock shall in no circumstances have the right to vote on the amendment, alteration or repeal of the terms and conditions of the New Series A Preferred Stock set forth in the New NXDT Charter.

The class votes of holders of preferred stock described (a) and (b) above will in each case be in addition to a separate vote of the requisite percentage of New Common Stock and preferred stock, including New Series A Preferred Stock, voting together as a single class, necessary to authorize the action in question. An increase in the number of authorized shares of preferred stock pursuant to the New NXDT Charter and New NXDT Bylaws or the issuance of additional shares of any series of preferred stock (including New Series A Preferred Stock), pursuant to the New NXDT Charter and New NXDT Bylaws will not in and of itself be considered to adversely affect the rights and preferences of any series of preferred stock, including the holders of shares of New Series A Preferred Stock, by virtue of their acquisition of shares of New Series A Preferred Stock, will be deemed to have authorized such issuances by New NXDT’s board of directors.

The New NXDT Charter provides that, to the extent permitted by law, New NXDT’s board of directors or its delegatee, without the vote of the holders of the New Series A Preferred Stock or any other stock of New NXDT, may amend certain provisions of the New NXDT Charter pertaining to the New Series A Preferred Stock to resolve any inconsistency or ambiguity or to remedy any formal defect so long as the amendment does not in the aggregate adversely affect the rights and preferences of the New Series A Preferred Stock.

Restrictions on Ownership and Transfer

The New Series A Preferred Stock constitutes capital stock and, as such, is subject to the restrictions on ownership and transfer set forth in the New NXDT Charter applicable to capital stock. For information regarding restrictions on ownership and transfer of the New Series A Preferred Stock, see “Restrictions on Ownership and Transfer” below.

Preemptive Rights

No holders of New Series A Preferred Stock will, as the holders, have any preemptive rights to purchase or subscribe for New Common Stock, preferred stock or any other security of New NXDT.

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New Series B Preferred Stock

Ranking

The New Series B Preferred Stock, with respect to distribution rights and rights upon our liquidation, dissolution, termination, cancellation or winding up, rank senior to the New