Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 198

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 198
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 all the New Series A Preferred Stock or other preferred stock designated to be redeemed on any redemption date, New NXDT will redeem on such redemption date the number of New Series A Preferred Stock and other preferred stock so designated as it has legally available funds, or is otherwise able, to redeem ratably on the basis of the Series A Redemption Price from each holder whose shares are to be redeemed, and the remainder of the New Series A Preferred Stock and other preferred stock designated to be redeemed will be redeemed on the earliest practicable date on which New NXDT will have funds legally available for the redemption of, or is otherwise able to redeem, such shares upon Series A Notice of Redemption.

Voting Rights

The New NXDT Charter provides that, except as otherwise provided in the New NXDT Charter or New NXDT Bylaws or a resolution of the board of directors, or as required by applicable law, holders of New Series A Preferred Stock will have no power to vote on any matter except matters submitted to a vote of the New Common Stock. In any matter submitted to a vote of the holders of the New Common Stock, each holder of New Series A Preferred Stock will be entitled to one vote for each share of New Series A Preferred Stock held, and the holders of New Series A Preferred Stock and the New Common Stock will vote together as a single class.

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In addition, so long as the rules of a national securities exchange on which any of New NXDT’s equity securities are listed requires holders of New Series A Preferred Stock to have such right, during any period in which accumulated dividends and distributions (whether or not earned or declared, and whether or not funds are then legally available in an amount sufficient therefor) on the Outstanding shares of New Series A Preferred Stock equal to at least six full quarters’ dividends and distributions will be due and unpaid and sufficient Deposit Assets will not have been deposited with the Dividend Disbursing Agent for the payment of such accumulated dividends and distributions (a “Voting Period”), holders of the Outstanding shares of New Series A Preferred Stock, voting separately as one class (to the exclusion of the holders of all other securities and classes of capital stock of New NXDT, except for any other series of Outstanding preferred stock for which a like voting entitlement has arisen, with which the holders of the Outstanding shares of New Series A Preferred Stock will vote together as one class for this purpose), will be entitled to elect two of New NXDT’s directors (the “Preferred Stock Directors”). As