Company: NXDT
Filing Date: 2025-01-30
Form Type: 424B5
Source: 0001437749-25-002263
Chunk: 91

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-30
Form: 424B5
Chunk 91
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 Unless and until the Liquidation Preference plus accumulated and unpaid dividends and distributions has been paid in full to the holders of Series A Preferred Shares, no dividends or distributions will be made to holders of the common shares or any other shares of the Company ranking junior to the Series A Preferred Shares as to liquidation.

Redemption

Prior to December 15, 2023, the Series A Preferred Shares were not subject to optional redemption by the Company except in certain limited circumstances. On and after December 15, 2023, the Company may at any time upon written notice redeem the Series A Preferred Shares in whole or in part at a price equal to $25.00 per share plus accumulated but unpaid dividends and distributions (whether or not earned or declared by the Company) through, but not including, the date of redemption, which notice will specify a redemption date of not fewer than 30 days nor more than 90 days after the date of such notice. The Series A Preferred Shares have no stated maturity and will not be subject to any sinking fund or mandatory redemption provisions. Unless full cumulative distributions for all past dividend periods on all Series A Preferred Shares and other preferred shares ranking on a parity with the Series A Preferred Shares are declared and paid or set apart for payment, the Company may not redeem any Series A Preferred Shares. Notwithstanding the foregoing, a purchase or acquisition of Series A Preferred Shares may be completed pursuant to a purchase or exchange offer made on the same terms to all holders.

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Voting Rights

Holders of Series A Preferred Shares generally have no power to vote on any matter except matters submitted to a vote of the common shares. In any matter submitted to a vote of the common shares, each holder of Series A Preferred Shares is entitled to one vote for each Series A Preferred Share held, voting together with the common shares as a single class. For so long as the rules of any national securities exchange on which any of our equity securities are listed requires holders of Series A Preferred Shares to have such voting rights, whenever dividends on the Series A Preferred Shares shall be in arrears for six or more quarterly periods, whether or not such quarterly periods shall be consecutive, and sufficient assets will not have been deposited with the dividend disbursing agent for payment of such accumulated dividends and distributions, holders of the outstanding Series A Preferred Shares, voting separately as one class (to the exclusion of the holders of all other securities and classes of capital shares of the Company, except for any other series of outstanding preferred shares