Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 39

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 39
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8, subject to the terms of any class or series of preferred stock, New NXDT will (a) vest in the board of directors the exclusive power to fix the number of directorships, and (b) require, unless called by the chairman of the board of directors, chief executive officer, president or the board of directors, the written request of stockholders entitled to cast a majority of all of the votes entitled to be cast at such a meeting to call a special meeting. If New NXDT made an election to be subject to the provisions of Subtitle 8 relating to a classified board, the New NXDT board of directors would automatically be classified into three classes with staggered terms of office of three years each. In such instance, the classification and staggered terms of office of the directors would make it more difficult for a third party to gain control of the New NXDT board of directors since at least two annual meetings of stockholders, instead of one, generally would be required to effect a change in the majority of the directors.

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Meetings of Stockholders

Pursuant to the New NXDT Bylaws, a meeting of stockholders for the election of directors and the transaction of any business will be held annually on a date and at the time and place set by New NXDT’s board of directors. The chairman of the board of directors, chief executive officer, president or the board of directors may call a special meeting of stockholders. Subject to the provisions of the New NXDT Bylaws and the terms of any class or series of preferred stock, a special meeting of stockholders to act on any matter that may properly be brought before a meeting of stockholders must also be called by the secretary upon the written request of the stockholders entitled to cast a majority of all the votes entitled to be cast on such matter at the meeting and containing the information required by the New NXDT Bylaws. New NXDT’s secretary will inform the requesting stockholders of the reasonably estimated cost of preparing and delivering the notice of meeting (including New NXDT’s proxy materials), and the requesting stockholder must pay such estimated cost before the secretary is required to prepare and deliver the notice of the special meeting.

Amendments to the New NXDT Charter and the New NXDT Bylaws

Except for those amendments permitted to be made without stockholder approval under the MGCL or the New NXDT Charter and subject to the terms of any class or series of preferred stock, the New NXDT Charter generally