Company: NXDT
Filing Date: 2025-06-12
Form Type: S-4
Source: 0001437749-25-020201
Chunk: 95

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-06-12
Form: S-4
Chunk 95
---
 provisions of the MGCL.

Authorized Stock

New NXDT’s authorized stock consists of 500,000,000 shares of common stock, par value $0.001 per share, and 100,000,000 shares of preferred stock, par value $0.001 per share, 4,800,000 shares of which are classified and designated as New Series A Preferred Stock and 16,000,000 shares of which are classified and designated as the New Series B Preferred Stock. As of immediately following the Conversion, we anticipate that 45,900,489.52 shares of New Common Stock will be issued and outstanding, 3,359,593 shares of New Series A Preferred Stock will be issued and outstanding and 66,765 shares of New Series B Preferred Stock will be issued and outstanding (subject to further shares being issued pursuant to sales in the ongoing continuous offering of Old Series B Preferred Shares prior to the Conversion). We anticipate that the outstanding shares of New Stock immediately after the Conversion will be fully paid and nonassessable. Under the MGCL, New NXDT’s stockholders generally are not liable for our debts or obligations solely as a result of their status as stockholders.

New NXDT’s board of directors may, without stockholder approval, amend the New NXDT Charter from time to time to increase or decrease the number of authorized shares of stock or the number of authorized shares of stock of any class or series.

New Common Stock

Dividends

Subject to the preferential rights, if any, of holders of any other class or series of New Stock and the provisions of New NXDT Charter that restrict transfer and ownership of New Stock, the holders of shares of New Common Stock generally will be entitled to receive dividends and other distributions on such shares of stock when, as and if authorized by New NXDT’s board of directors and declared by New NXDT out of assets legally available for distribution to New NXDT’s stockholders. Subject to the preferential rights, if any, of the holders of any other class or series of New NXDT’s stock, including the New Series A Preferred Stock and New Series B Preferred Stock, the holders of shares of our New Common Stock are also entitled to share ratably in our net assets legally available for distribution to stockholders in the event of our liquidation, dissolution or winding up, after payment of or adequate provision for all of our known debts and liabilities.

Voting

Subject to the rights of any other class or series of New NXDT’s stock and