Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 67

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 67
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 Effective Time represented one or more outstanding Units that have been lost, stolen or destroyed, the Letter of Transmittal and Election should be completed as fully as possible and forwarded, together with an affidavit describing the loss, to the Depositary. The Depositary and/or the Transfer Agent for the Units will respond with the replacement requirements (which may include a bonding requirement) that must be properly completed and returned prior to effecting the exchange of Units for the Reorganization Consideration.

Cancellation Rights

From and after the Reorganization Effective Time, all certificates that represented outstanding Units immediately prior to the Reorganization Effective Time will cease to represent any rights with respect to the Units, and will only represent the right to receive the applicable Reorganization Consideration, in lieu of such certificate, less applicable withholdings. Any such certificate formerly representing outstanding Units held by Registered Holders not duly surrendered on or before the sixth anniversary of thedate that the Reorganization Effective Time occurs shall cease to represent a claim by or interest of any former holder of Units of any kind or nature against or in NXDT. On such date, all cash or securities to which such former holder was entitled shall be deemed to have been surrendered to NXDT and shall be paid over by the Depositary to NXDT or as directed by NXDT.

Any payment made by way of cheque by the Depositary (on behalf of NXDT) pursuant to the Reorganization that has not been deposited or has been returned to the Depositary or that otherwise remains unclaimed, in each case, on or before the sixth anniversary of the Closing, and any right or claim to payment hereunder that remains outstanding on the sixth anniversary of the Closing shall cease to represent a right or claim of any kind or nature and the right of any holder of Units to receive the applicable consideration for any Units pursuant to the Reorganization shall terminate and be deemed to be surrendered and forfeited to NXDT for no consideration.

Procedure for Deferred Units

At the Reorganization Effective Time, each Deferred Unit will be cancelled and holders of such cancelled Deferred Units will be entitled to receive the Cash Consideration at Closing. Holders of Deferred Units need not complete any documentation to receive the Cash Consideration owed to them under the Reorganization.

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Holders of Deferred Units shall not be entitled to receive any consideration with respect to such Deferred Units other than the Cash Consideration and, for greater certainty, no such holder will be entitled to receive any interest, dividends, premium or other payment in connection therewith.