Company: NXDT
Filing Date: 2025-06-12
Form Type: S-4
Source: 0001437749-25-020201
Chunk: 29

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-06-12
Form: S-4
Chunk 29
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 the time period, and containing the information, certifications and other materials, and who complies with the other procedural requirements, specified in the advance notice provisions of the New NXDT Bylaws.

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The advance notice provisions of the New NXDT Bylaws provide that, to be timely, a stockholder’s notice with respect to director nominations or a proposal of other business at an annual meeting must be delivered to New NXDT’s corporate secretary at New NXDT’s principal executive office not less than 120 nor more than 150 calendar days prior to the first anniversary of the date of the proxy statement for the preceding year’s annual meeting. In the event the annual meeting is advanced or delayed by 30 calendar days of the date of the anniversary of the preceding year’s annual meeting, to be timely, a stockholder’s notice must be received not earlier than the 150 calendar days prior to the date of the annual meeting and not later than 5:00 p.m., Eastern Time, on the later of the 120th calendar day prior to the date of such annual meeting, as originally convened, and the tenth calendar day following the day on which public announcement of the date of the annual meeting is first made.

REIT Qualification

The New NXDT Charter provides that the Board may authorize us to revoke or otherwise terminate our REIT election, without approval of New NXDT’s stockholders, if it determines that it is no longer in our best interest to continue to qualify as a REIT.

Indemnification and Limitation of Directors’ and Officers’ Liability

Maryland law permits a Maryland corporation to include in its charter a provision limiting the liability of its directors and officers to the corporation and its stockholders for money damages, except for liability resulting from (a) actual receipt of an improper benefit or profit in money, property or services or (b) active and deliberate dishonesty that is established by a final judgment and that is material to the cause of action. The New NXDT Charter contains a provision that eliminates the liability of New NXDT’s directors and officers to the maximum extent permitted by Maryland law.

The MGCL requires New NXDT (unless the New NXDT Charter provides otherwise, which the New NXDT Charter does not) to indemnify a director or officer who has been successful, on the merits or otherwise, in the defense of any proceeding to which he or she is made a party by reason of his or her service in that capacity. The MGCL permits us to indemn