Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 219

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 219
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 stock ranking junior to the New Series B Preferred Stock as to the payment of dividends and the distribution of assets upon liquidation); provided, however, that the foregoing will not prevent the redemption or purchase by New NXDT of New Series B Preferred Stock pursuant to Article VII of the New NXDT Charter or otherwise in order to ensure that New NXDT remains qualified as a REIT for U.S. federal income tax purposes or the purchase or acquisition of New Series B Preferred Stock pursuant to a purchase or exchange offer made on the same terms to all holders of New Series B Preferred Stock and all holders of shares of parity stock.

If a redemption date for a redemption at the option of New NXDT in connection with a Change of Control falls after a dividend record date and prior to the corresponding dividend payment date, each holder of record of New Series B Preferred Stock at the close of business on such dividend record date will be entitled to the dividend payable on such shares on the corresponding dividend payment date notwithstanding the redemption of such shares on or prior to such dividend payment date, and each holder of New Series B Preferred Stock that will be redeemed at the option of New NXDT in connection with a Change of Control will be entitled to an amount equal to the dividends accruing after the end of the Series B Dividend Period to which such dividend payment date relates, up to but not including, the redemption date.

New NXDT Notice of Redemption

If New NXDT elects to redeem New Series B Preferred Stock pursuant to an optional redemption or in connection with a Change of Control, New NXDT will deliver a written notice of redemption to all of the holders of record of New Series B Preferred Stock to be redeemed. New NXDT will mail to you, if you are a record holder of the New Series B Preferred Stock, a notice of redemption no fewer than seven days before the redemption date. New NXDT will send the notice to your address shown on New NXDT’s share transfer books. A failure to give notice of redemption or any defect in the notice or in its mailing will not affect the validity of the redemption of any New Series B Preferred Stock except as to the holder to whom notice was defective or not given; provided, that notice given to the last address of record will be deemed to be valid notice. Each notice will state the following:

| ● | the redemption date; |

| ● | the redemption price on a per share basis; |

| ● | the CUSIP number(s) of the New Series B Preferred Stock to be redeemed; |

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