Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 234

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 234
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THIS IS TO CERTIFY THAT:

: NexPoint Diversified Real Estate Trust is a Delaware statutory trust formed by filing its certificate of trust with the Secretary of State of the State of Delaware on March 9, 2006 (the “Converting Trust”). By virtue of these Articles of Conversion and Articles of Incorporation filed for record herewith, the Converting Trust is converting (the “Conversion”) to NexPoint Diversified Real Estate Trust, Inc., a corporation formed under the general laws of the State of Maryland (the “Converted Corporation”), on the terms and conditions set forth herein.

: Upon the completion of the Conversion in accordance with the Maryland General Corporation Law and the Delaware Statutory Trust Act, the Converted Corporation shall, for all purposes of the laws of the State of Maryland, continue as the same entity as the Converting Trust, and the Conversion will have the effects set forth herein and in the Maryland General Corporation Law, the Delaware Statutory Trust Act and the Plan of Conversion, dated as of the date hereof, adopted by the Converting Trust (the “Plan”). The manner and basis of converting or exchanging issued shares of beneficial interest of the Converting Trust into shares of stock of the Converted Corporation, or other consideration, and the treatment of any issued shares of beneficial interest of the Converting Trust not to be converted or exchanged, are as follows:

At the Effective Time (as defined below), by virtue of the Conversion and without any action on the part of the Converted Corporation, the Converting Trust, or the holders of any securities thereof:

(a) Each outstanding transferable unit of beneficial interest in the Converting Trust, par value $0.001 per share (the “Converting Trust Common Shares”), shall, without any action on the part of any stockholder of the Converting Trust, be converted into one share of common stock of the Converted Corporation, par value $0.001 per share.

(b) Each outstanding share of 5.50% Series A Cumulative Preferred Shares of the Converting Trust, par value $0.001 per share, liquidation preference $25.00 per share (the “Converting Trust Series A Preferred Shares”), shall, without any action on the part of any stockholder of the Converting Trust, be converted into one share of preferred stock of the Converted Corporation, designated “5.50% Series A Cumulative Preferred Stock,” par value $0.001 per share, liquidation preference $25.00 per share.

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