Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 256

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 256
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 of New NHT in connection with the Reorganization; or (ii) failed to complete and submit the Letter of Transmittal and Election in accordance with the instructions set out therein, will be deemed to have contributed all of such Unitholder’s Units to New NHT in exchange for shares of common stock of New NHT in accordance with the terms of the Merger Agreement (the “Unit Contribution”) and will cease to have rights as Unitholders of the Trust and, upon the issuance of shares of common stock of New NHT to such Unitholders, the Trust and the Trustees shall be discharged from all liability to such former Unitholders. |

| (b) | (i) At the Reorganization Effective Time, the Trust shall effect the Final Redemption. In furtherance of the foregoing, the Trust shall cause to be delivered to the Registered Unitholders for which, in completing and submitting the Letter of Transmittal and Election, have elected to have all such Unitholder’s Units redeemed for cash by the Trust in consideration of payment of the Unit Redemption Price, a cheque or a wire transfer in United States currency representing the Unit Redemption Price. Payments made by the Trust or its agents of the Unit Redemption Price are conclusively deemed to have been made upon the mailing of a cheque in a postage prepaid envelope addressed to the Unitholder unless such cheque is dishonoured upon presentment or upon transmission of said wire transfer, as applicable. Upon such payment, such Unitholders will cease to have rights as Unitholders of the Trust and the Trust and the Trustees shall be discharged from all liability to such former Unitholders. Under no circumstances will interest be paid to any holder on any payment to be made hereunder, regardless of any delay in making such payment. |

| (ii) All Units that are redeemed on the Final Redemption Date at the Reorganization Effective Time shall be cancelled at such time and such Units shall no longer be outstanding and shall not be reissued and the holders thereof shall no longer be considered Unitholders of the Trust or entitled to any rights as Unitholders including any right to receive distributions or other amounts from the Trust, but shall only be entitled to receive the Unit Redemption Price. |

| (iii) Upon completion of the Unit Contribution and Final Redemption, New NHT shall cause the Trust to be wound up and liquidated and New NHT shall assume all of the Trust’s assets and liabilities. |

Section 7.25 Dissent Rights shall be added and read as follows