Company: NXDT
Filing Date: 2025-01-30
Form Type: 424B5
Source: 0001437749-25-002263
Chunk: 53

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-30
Form: 424B5
Chunk 53
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 and any class or series of Parity Shares will be distributed pro rata so that the amount of assets distributed per share of Series B Preferred Shares and such class or series of Parity Shares will in all cases bear to each other the same ratio that the liquidating distributions per share on the Series B Preferred Shares and such class or series of Parity Shares bear to each other.

After payment of the full amount of the liquidating distributions to which they are entitled, the holders of our Series B Preferred Shares will have no right or claim to any of our remaining assets. Our consolidation or merger with or into another entity, the consolidation or merger of another entity with or into us, our conversion into a new form of organization, a change of our jurisdiction of organization a statutory share exchange by us or a sale, lease, transfer or conveyance of all or substantially all of our property or business will not be deemed to constitute a liquidation, dissolution, termination, cancellation or winding up of our affairs.

Voting Rights

Holders of our Series B Preferred Shares have no voting rights, except as set forth in the Declaration, the Series A Statement of Preferences and the Series B Statement of Preferences.

So long as any Series B Preferred Shares remain outstanding, we will not:

| ● | authorize or create, or increase the authorized or issued amount of, any class or series of our beneficial interests expressly designated as ranking senior to the Series B Preferred Shares as to distribution rights and rights upon our liquidation, dissolution, termination, cancellation or winding up, or reclassify any authorized shares of our beneficial interests into any such shares, or create, authorize or issue any obligations or security convertible into or evidencing the right to purchase any such shares, without the affirmative vote of the holders of at least two-thirds of the then outstanding Series A Preferred Shares, Series B Preferred Shares and all other classes or series of our Parity Shares upon which like voting rights have been conferred and are exercisable, voting together as a single class; |

| ● | amend, alter or repeal the provisions of our Declaration or the Series B Statement of Preferences, whether by merger, consolidation, conversion or otherwise, in each case in such a way that would materially and adversely affect any right, preference, privilege or voting power of the Series B Preferred Shares or the holders thereof without the affirmative vote of the holders of at least two-thirds of the outstanding Series B Preferred Shares at the time (voting as a separate class); or |

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