Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 31

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 31
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 of New NXDT will be the same as the business of Old NXDT and will not result in any change in headquarters, business, management, location, assets or liabilities (other than as a result of the costs related to the Conversion, including legal and accounting fees). Old NXDT’s management, including all trustees and officers, will remain the same in connection with the Conversion and will assume identical positions with New NXDT, except that the position of trustee will be referred to as a director. The Conversion is not expected to result in a change in Old NXDT’s current trading status on the NYSE, and the New Common Stock will trade on the NYSE under the ticker symbol “NXDT,” and the New Series A Preferred Stock will trade on the NYSE under the ticker symbol “NXDT PA” upon the Effective Time. The Conversion will effect certain changes of a legal nature, the most significant of which are described in the section titled “Comparison of Rights of Shareholders of Old NXDT and New NXDT.”

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Certain Other Effects of the Conversion

The Plan of Conversion, Delaware law and the MGCL effectively provide that New NXDT is a continuation of Old NXDT and that the obligations and rights of Old NXDT will continue as obligations and rights of New NXDT, without impairment. Specifically, the Plan of Conversion and the MGCL provide that:

| ● | New NXDT shall be deemed to be the same entity as Old NXDT, and New NXDT shall be the successor entity to Old NXDT under the Exchange Act and thereby subject to the informational requirements of the Exchange Act and the rules and regulations promulgated thereunder; |

| ● | the Conversion shall not affect, invalidate, terminate, suspend or nullify any licenses, permits or registrations granted to Old NXDT before the Conversion; |

| ● | as a result of the Conversion, any existing claim, action or proceeding pending by or against Old NXDT may be prosecuted to judgment as if the Conversion had not taken place, or, on motion of the other entity or any other party, New NXDT may be substituted as a party and a judgment against Old NXDT constitutes a lien on the property of New NXDT; |

| ● | New NXDT shall be liable for all the debts and obligations of Old NXDT and the Conversion shall not affect any debts, obligations or liabilities of Old NXDT or impair the rights of creditors or any liens on the property of the Old NXDT; and |

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