Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 222

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 222
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 powers of the shares of New Series B Preferred Stock or the holders thereof. In addition, any increase in the amount of authorized New Series B Preferred Stock or the creation or issuance or increase in the amounts authorized of any other class or series of New NXDT’s stock ranking on a parity with or junior to the New Series B Preferred Stock as to the payment of dividends and the distribution of assets upon liquidation, will not be deemed to materially and adversely affect the rights, preferences, privileges or voting powers of the New Series B Preferred Stock or the holders thereof. In addition, the voting provisions above will not apply if, at or prior to the time when the act with respect to which the vote would otherwise be required would occur, New NXDT has redeemed all outstanding shares of New Series B Preferred Stock.

In any matter in which the holders of shares of New Series B Preferred Stock are entitled to vote separately as a single class, each such holder will have the right to one vote for each share of New Series B Preferred Stock held by such holder. If the holders of New Series B Preferred Stock and any other class or series of stock ranking on a parity with the New Series B Preferred Stock as to the payment of dividends and the distribution of assets upon liquidation, including the New Series A Preferred Stock, are entitled to vote together as a single class on any matter, such holders of the New Series B Preferred Stock, and the shares of any class or series of stock ranking on a parity with the New Series B Preferred Stock as to the payment of dividends and the distribution of assets upon liquidation, including the New Series A Preferred Stock, will have one vote for each $25.00 of liquidation value, subject to appropriate adjustment in relation to any recapitalizations, stock dividends, stock splits, stock combinations, reclassifications or other similar events which affect such preferred stock.

Restrictions on Ownership and Transfer

The New Series B Preferred Stock constitutes capital stock and, as such, is subject to the restrictions on ownership and transfer set forth in the New NXDT Charter applicable to capital stock. For information regarding restrictions on ownership and transfer of the New Series B Preferred Stock, see “Restrictions on Ownership and Transfer” below.

Preemptive Rights

No holders of New Series B Preferred Stock will, as the holders, have any preemptive rights to purchase or subscribe for New Common Stock, preferred stock or any other security of New NXDT.

Power to Increase or Decrease Authorized Shares of Stock, Reclassify Unissued Shares of Stock and Issue