Company: NXDT
Filing Date: 2025-06-12
Form Type: S-4
Source: 0001437749-25-020201
Chunk: 42

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-06-12
Form: S-4
Chunk 42
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’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.”                                                                                                                                                                                                                                                                                                                                                                                     |

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| Old NXDT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |     | New NXDT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Advance Notice of Director Nominations and Shareholder Proposals                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| The Old 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 on which notice of the date of the annual meeting is mailed or public announcement of the date of the annual meeting is first made, whichever first occurs. The notice must also describe the shareholder proposal in reasonable detail and provide certain other information required by the Old Bylaws.                                         
 Pursuant to the Old Bylaws, only business specified in the notice of meeting may be brought before a special meeting of shareholders. Nominations of individuals for election as trustees at a special meeting of shareholders may be made only (1) by or at the direction of the Board or (2) if the special meeting has been called in accordance with the Old Bylaws for the purpose of electing trustees, by any shareholder