Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 136

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 136
---
 |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| The Declaration of Trust provides that (i) special meetings of shareholders may be called by the president or a majority of the trustees, and shall be called upon the written request shareholders holding not less than 51% of the outstanding shares having voting rights, such request to specify the purpose(s) for which such meeting is to be called, and (ii) such meetings may be held within or without of the State of Delaware on such date and time as the trustees determine. |     | The New NXDT Bylaws provide that: (a) New NXDT’s chairman, chief executive officer, president or New NXDT’s board of directors may call special meetings of stockholders; and (b) subject to the satisfaction of certain procedural and informational requirements by the stockholders requesting the meeting, a special meeting of stockholders to act on any matter that may properly be considered at a meeting of stockholders must also be called by New NXDT’s secretary upon the written request of the stockholders entitled to cast a majority of all the votes entitled to be cast on such matter at the meeting. See “–Advance Notice of Director Nominations and Shareholder Proposals.”                                                                                                                                                                                                                                                                                                                                                                                     |

<div align='center'>97</div>

| Old NXDT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |     | New NXDT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Advance Notice of Director Nominations and Shareholder Proposals                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Old NXDT’s Bylaws provide that any shareholder who desires to make a trustee nomination or a proposal of other business at an annual meeting without including the nomination or proposal in Old NXDT’s proxy materials must give timely written notice of the proposal to Old NXDT’s secretary. To be timely, the notice must be delivered to Old NXDT not less than 120 nor more than 150 calendar days prior to the anniversary date of the immediately preceding year’s annual meeting. In the event the annual meeting is advanced or delayed by 25 calendar days of the date of the anniversary of the preceding year’s annual meeting, the notice must be received not earlier than 150 calendar days prior to the date of the annual meeting and not later than 5:00 p.m., Eastern Time, on the later of the 120th calendar day prior to such annual meeting and the tenth calendar day following the day