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

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-11
Form: S-4
Chunk 25
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 direct or indirect acquisition of issued and outstanding “control shares”) have no voting rights except to the extent approved by New NXDT’s stockholders by the affirmative vote of at least two-thirds of all of the votes entitled to be cast on the matter, excluding all interested shares. |

Pursuant to the Maryland Business Combination Act, New NXDT’s board of directors by resolution intends to exempt from the provisions of the Maryland Business Combination Act all business combinations (1) between our Adviser, Jim Dondero and certain of his affiliates or their respective affiliates and New NXDT and (2) between any other person and New NXDT, provided that such business combination is first approved by New NXDT’s board of directors (including a majority of New NXDT’s directors who are not affiliates or associates of such person). The New NXDT Bylaws contain a provision exempting from the Maryland Control Share Acquisition Act any and all acquisitions by any person of shares of New NXDT’s stock. There can be no assurance that these exemptions or resolutions will not be amended or eliminated at any time in the future.

Additionally, Title 3, Subtitle 8 of the MGCL permits New NXDT’s board of directors, without stockholder approval and regardless of what is provided for in the New NXDT Charter or the New NXDT Bylaws, to implement certain takeover defenses, such as a classified board, some of which are not currently provided for in the New NXDT Charter or the New NXDT Bylaws. See “Certain Takeover Defense Provisions of Maryland Law and the New NXDT Charter and the New NXDT Bylaws.”

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PROPOSAL 1‒
ELECTION OF TRUSTEES</div>

At the Annual Meeting, seven trustees will be elected to serve one-year terms expiring at our annual shareholders meeting in 2026 and until their respective successors are duly elected and qualified. This section contains information relating to the seven trustee nominees. The trustee nominees were selected by our nominating and corporate governance committee and approved by the Board for submission to the shareholders. The nominees for election are Messrs. Dondero, Mitts, Constantino, and Kavanaugh, Dr. Laffer, Dr. Swain and Ms. Wood. All currently serve as trustees.

Below is a summary of the experience and skills, age and tenure of our trustee nominees.

|                                                  |     | Mr.     
 Dondero |     | Mr.   
 Mitts |     | Mr.         
 Constantino |