Company: NXDT
Filing Date: 2025-01-30
Form Type: 424B5
Source: 0001437749-25-002263
Chunk: 13

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-30
Form: 424B5
Chunk 13
---
 long as our common shares are listed or admitted to trading on the NYSE or another national securities exchange or automated quotation system, we have the right, in our sole discretion, to pay the redemption price in cash or in equal value of our common shares, based on the closing price per share of our common shares for the single trading day prior to the date of redemption. Any such redemption may be made conditional on such factors as may be determined by the Board and as set forth in the notice of redemption. 
 If fewer than all of the outstanding Series B Preferred Shares are to be redeemed pursuant to the Company’s redemption right, the Series B Preferred Shares to be redeemed will be redeemed pro rata (as nearly as may be practicable without creating fractional shares), by lot or by any other equitable method that the Company determines. If such redemption is to be by lot and, as a result of such redemption, any holder of Series B Preferred Shares, other than a holder of Series B Preferred Shares that has received an exemption, would become a holder of a number of Series B Preferred Shares in excess of the aggregate share ownership limit because such holder’s Series B Preferred Shares were not redeemed, or were only redeemed in part, then, except as otherwise provided in Article XII of the Declaration, the Company will redeem the requisite number of Series B Preferred Shares of such holder such that no holder will hold a number of shares in excess of the aggregate share ownership limit subsequent to such redemption.             
 Notwithstanding the foregoing, at any time the Company may redeem or purchase Series B Preferred Shares to ensure that it continues to meet the requirements for qualification as a REIT pursuant to Article XII of the Declaration. If the Company calls for redemption any Series B Preferred Shares pursuant to and in accordance with Article XII of the Declaration, then the redemption price will be an amount equal to the Stated Value per share, plus an amount equal to accrued but unpaid cash dividends on the Series B Preferred Shares, if any, to but not including the date of redemption, subject to any restrictions or limitations contained in Article XII of the Declaration. The Company will not be required to provide advanced notice to the holder of Series B Preferred Shares in the event such holder’s Series B Preferred Shares are redeemed in order for the Company to qualify or maintain the qualification of the Company as a REIT for U.S. federal income tax purposes.                                                                   
 See “Description of Series B Preferred Shares—Optional Redemption by the Company” and “Description of Series B Preferred Shares—Company Notice of Redemption” in this prospectus