Company: NXDT
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001437749-25-011826
Chunk: 110

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-11
Form: S-4
Chunk 110
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 longer being considered independent under NYSE rules or would disqualify a trustee from serving as a member of a committee of the Board; (c) transactions involving compensation or indemnification of executive officers and trustees duly authorized by the Board or an authorized Board committee; (d) transactions involving reimbursement for routine expenses in accordance with our policies; and (e) purchases of any products on terms generally available to third parties.

For purposes of our Related Party Transaction Policy, “Related Parties” include:

| ● | our trustees (and nominees for trustee) and executive officers; |

| ● | immediate family members of such trustees and executive officers; |

| ● | our Adviser; |

| ● | a shareholder owning in excess of five percent of our voting securities or an immediate family member of such a shareholder; or |

an entity which is owned or controlled by any of the above persons.

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POLICIES WITH RESPECT TO CERTAIN ACTIVITIES</div>

The following is a discussion of certain of our investment, financing and other policies. These policies have been determined by the Board and, in general, may be amended and revised from time to time at the discretion of the Board without notice to or a vote of our shareholders. We intend to disclose any changes in our investment policies in our next required periodic report.

If our Board determines that additional funding is required, we may raise such funds through additional public and private offerings of common and preferred equity or debt securities or the retention of cash flow (subject to the distribution requirements applicable to REITs and our desire to minimize our U.S. federal income tax obligations) or a combination of these methods. In the event that our Board determines to raise additional equity or debt capital, it has the authority, without shareholder approval, to cause us to issue additional Old Common Shares, Old Preferred Shares or debt securities in any manner and on such terms and for such consideration as it deems appropriate, at any time, and has similarly broad authority to incur debt.

In addition, we may finance the acquisition of investments using the various sources of financing discussed below under “—Investment Policies.” Our investment guidelines, the assets in our portfolio and the decision to utilize, and the appropriate levels of, leverage are periodically reviewed by our Board as part of their oversight of our Adviser.

We may offer equity or debt securities in exchange for property and may repurchase or otherwise reacquire our shares. Subject to the requirements for qualification as a REIT, we may in the future invest in debt