Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 73

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 73
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 the fair value of their Units, and will not be entitled to any other payment or consideration, including any other payments that would be payable under the Transaction had such Registered Holder not exercised their Dissent Rights. The fair value may be the same as, more than or less than $0.36. The valuation will be determined as of the close of business on the day before the Transaction Resolution is adopted.

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A Registered Holder may only exercise the Dissent Rights in respect of Units which are registered in that Unitholder’s name at the Record Date. In many cases, Units beneficially owned by a Unitholder are registered either (i) in the name of an Intermediary, or (ii) in the name of a clearing agency (such as CDS or similar entities) of which the Intermediary is a participant. Accordingly, Beneficial Holders will not be entitled to exercise the Dissent Rights.

The REIT or the Dissenting Unitholder may apply to the court, by way of an originating notice, after the approval of the Transaction Resolution, to fix the fair value of the Dissenting Unitholder’s Units. The REIT (or its successor entity, NXDT Intermediary) shall make a written offer to pay the fair value of the Units held by the Dissenting Unitholder. Every offer will be made on the same terms to each Dissenting Unitholder.

A Dissenting Unitholder will not be required to give security for costs in respect of an application. On the application, the Court will make an order fixing the fair value of the Units of all Dissenting Unitholders who are parties to the application, giving judgment in that amount against the REIT and in favor of each of those Dissenting Unitholders, and fixing the time within which the REIT must pay the amount payable to each Dissenting Unitholder.

A Registered Holder who wishes to exercise Dissent Rights must provide to the REIT prior to 10:00 a.m. (Toronto time) on February 19, 2025, or otherwise at least two days prior to the date of the Meeting (or any postponement(s) or adjournment(s) of the Meeting), a written objection to the Transaction. It is important that Registered Holders who wish to exercise Dissent Rights strictly comply with this requirement. In addition, a Registered Holder who wishes to exercise his, her or its Dissent Rights must vote his, her or its Units