Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 115

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 115
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 preference $25.00 per share (the “Liquidation Preference”), as the Series A Preferred Shares. As of November 8, 2024, there were 41,924,881.62 NXDT Common Shares and 3,359,593 Series A Preferred Shares issued and outstanding. All the outstanding common shares and Series A Preferred Shares are fully paid and nonassessable.

Subject to the terms of the statement of preferences designating the Series A Preferred Shares (the “Statement of Preferences”), the NXDT Board, in its discretion, may from time to time without vote of the shareholders issue shares of beneficial interest, including any preferred shares, in addition to the then issued and outstanding shares of beneficial interest and shares of beneficial interest held in the treasury. The NXDT Board may also authorize and issue such other securities of NXDT as it determines to be necessary, desirable or appropriate, having such terms, rights, preferences, privileges, limitations and restrictions as the NXDT Board sees fit, including multiple classes of common shares, preferred interests, debt securities or other senior securities. To the extent the NXDT Board authorizes and issues additional shares of beneficial interest of any class or series, the NXDT Board is authorized, without shareholder approval, subject to the terms of the Statement of Preferences, to amend or supplement the NXDT Declaration as it deems necessary or appropriate. Issuances and redemptions of shares of beneficial interest may be made in whole shares of beneficial interest and/or l/l,000ths of a share of beneficial interest or multiples thereof as the NXDT Board may determine. Except as otherwise provided by a majority of the NXDT Board, NXDT’s shares of beneficial interest are not redeemable by the holders. The NXDT Declaration provides that no shareholder of NXDT will be subject in such capacity to any personal liability whatsoever to any person in connection with NXDT’s property or the acts, obligations or affairs of NXDT, and that the shareholders of NXDT will have the limitation of personal liability provided under the DSTA.

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The NXDT Declaration provides that shareholders will have no power to vote on any matter except matters on which a vote of shareholders is required by the NXDT Declaration or by resolution of the NXDT Board. The NXDT Declaration expressly provides that no matter for which voting is required by the DSTA in the absence of the contrary provision in the NXDT Declaration will require any vote. Except as otherwise provided in the NXDT Declaration, any matter required to