Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 216

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 216
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| ● | if a redemption at New NXDT’s option, that the New Series B Preferred Stock is being redeemed pursuant to New NXDT’s option; |

| ● | if a redemption in connection with a Change of Control, that the New Series B Preferred Stock is being redeemed pursuant to New NXDT’s option in connection with the occurrence of a Change of Control and a brief description of the transaction or transactions constituting such Change of Control; and |

| ● | any conditions to the redemption. |

Rights Following Conversion or Redemption

If New NXDT (i) has received a notice of conversion and (ii) has given irrevocable instructions to issue such New Common Stock, then from and after the conversion date, those shares of New Series B Preferred Stock will be treated as no longer being outstanding, no further dividends will accrue and all other rights of the holders of those shares of New Series B Preferred Stock will terminate. The holders of those shares of New Series B Preferred Stock will retain their right to receive New Common Stock at the conversion rate for their shares and an amount equal to all accrued but unpaid cash dividends, if any, to but not including the conversion date, without interest.

If New NXDT (i) has given or received a notice of redemption, (ii) (1) if the New Series B Preferred Stock will be redeemed in cash, has set apart sufficient funds for the redemption for the benefit of the holders of the New Series B Preferred Stock called for redemption or (2) if the New Series B Preferred Stock will be redeemed with New Common Stock, have instructed the transfer agent in writing that the New Series B Preferred Stock will be redeemed in New Common Stock and (iii) have given irrevocable instructions to pay or issue the redemption price, then from and after the redemption date, those shares of New Series B Preferred Stock will be treated as no longer being outstanding, no further dividends will accrue and all other rights of the holders of those shares of New Series B Preferred Stock will terminate. The holders of those shares of New Series B Preferred Stock will retain their right to receive the redemption price for their shares and an amount equal to all accrued but unpaid cash dividends, if any, to but not including the redemption date, without interest.

Any New Series B Preferred Stock that will at any time have been converted, redeemed, repurchased or otherwise acquired by New NXDT will, after such conversion, redemption or acquisition, have the status of authorized but unissued New Series B Preferred Stock.

Voting