Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 231

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 231
---
 of Maryland (the “”) together with the Articles of Incorporation of the Corporation, the form of which is attached hereto as . The Articles of Incorporation of the Corporation, as filed with the SDAT in accordance with the foregoing, are referred to herein as the “.” The Effective Time shall not be more than 30 days after the time such Articles of Conversion are accepted for record by the SDAT.

(d) The Certificate of Conversion, the form of which is attached hereto as (the “”) shall be filed prior to the Effective Time with the Delaware Secretary of State. The Certificate of Conversion shall specify that it shall be effective as of the Effective Time.

(e) The Conversion shall be effectuated pursuant to, and in accordance with the terms of, the Articles of Conversion and this Plan. In addition, at and after the Effective Time, the Corporation shall be governed by the Articles of Incorporation and the MGCL. The Articles of Incorporation shall continue in full force and effect as the charter of the Corporation until duly amended, restated or supplemented in accordance with the provisions thereof and the MGCL.

2. Treatment of Shares. At the Effective Time, by virtue of the Conversion and without any action on the part of the Trust, its shareholders or the Corporation, (a) each outstanding transferable unit of beneficial interest of the Trust, par value $0.001 per share (collectively, the “”), regardless of any defect in the authorization or issuance of any of the Common Shares, shall be converted into one share of common stock of the Corporation, $0.001 par value per share (“”), (b) each outstanding 5.50% Series A Cumulative Preferred Share of the Trust, par value $0.001 per share, liquidation preference $25.00 per share (collectively, the “”), regardless of any defect in the authorization or issuance of any of the Series A Preferred Shares, shall be converted into one share of 5.50% Series A Cumulative Preferred Stock of the Corporation, par value $0.001 per share, liquidation preference $25.00 per share (“”), and (c) each outstanding 9.00% Series B Cumulative Redeemable Preferred Share of the Trust, par value $0.001 per share, liquidation preference $25.00 per share (collectively, the “”), regardless of any defect in the authorization or issuance of any of the Series B Preferred Shares, shall be converted into one share of 9.00% Series