Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 16

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 16
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.24 Old Common Shares outstanding and entitled to vote held by 835 holders of record, and there were 3,359,593 Old Series A Preferred Shares outstanding and entitled to vote held by 22 holders of record.

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No Dissenters’(or Appraisal) Rights

Under Delaware law and Old NXDT’s agreement and declaration of trust (the “Declaration of Trust”), you are not entitled to dissenters’ rights of appraisal as a result of the Conversion.

Security Ownership of Management and Certain Beneficial Owners

At the close of business on March 31, 2025, our trustees and executive officers and their affiliates were entitled to vote an aggregate of 10,116,169 Old Common Shares and 105,670.29 Old Series A Preferred Shares. This represents approximately 21.35% of the issued and outstanding combined Old Common Shares and Old Series A Preferred Shares as of March 31, 2025. Our trustees and executive officers and their affiliates do not hold any Old Series B Preferred Shares as of March 31, 2025. Approval of the Conversion requires the affirmative vote of a majority of the outstanding Old Common Shares and Old Series A Preferred Shares, voting as a single class, present or represented by proxy at the Annual Meeting and entitled to vote on the Conversion Proposal.

Board of Directors and Executive Officers of New NXDT Following the Conversion

Immediately following the Conversion, New NXDT’s board of directors will consist of the same individuals who comprise the Board immediately prior to the Conversion, and these individuals will serve as directors for the balance of the term for which such person was elected as a trustee of Old NXDT. The individuals serving as named executive officers of Old NXDT immediately prior to the Conversion will hold the same positions at New NXDT immediately following the Conversion.

Listing

The Old Common Shares are listed on the NYSE under the symbol “NXDT,” and the Old Series A Preferred Shares are listed on NYSE under the symbol “NXDT PA.” There is no established public trading market for the Old Series B Preferred Shares, and we do not expect a market to develop.

Following the Conversion, shares of New Common Stock and New Series A Preferred Stock will be listed and traded on the NYSE in the same manner as Old Common Shares and Old Series A Preferred Shares currently are listed and traded on the NYSE. We do not intend to apply for a listing of the New Series B Preferred Shares on any national securities exchange.

Historical Market Price for Old