Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1856

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1856
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 of Trustees 20

1.10 Conflict of Interest 21

1.11 Conditions Precedent 23

ARTICLE 5 OFFICERS OF THE TRUST 23

1.1 General 23

1.2 Chair of Trustees 24

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1.3 Lead Trustee 24

1.4 Term of Office 24

1.5 Independent Contractors 24

ARTICLE 6 INVESTMENT GUIDELINES AND OPERATING POLICIES 24

1.1 Investment Guidelines 24

1.2 Operating Policies 26

1.3 Amendments to Investment Guidelines and Operating Policies 28

1.4 Tax Status 28

1.5 Application of Investment Guidelines and Operating Policies 28

1.6 Regulatory Matters 28

ARTICLE 7 UNITS 29

1.1 Units 29

1.2 Consideration for Units 29

1.3 Re-Purchase of Initial Unit by Trust 29

1.4 Pre-Emptive Rights 29

1.5 Fractional Units 30

1.6 Allotment and Issue 30

1.7 Rights, Warrants and Options 30

1.8 Commissions and Discounts 30

1.9 Non-Certificated Inventory System 31

1.10 Redemption of Units 32

1.11 Certificate Fee 35

1.12 Form of Unit Certificate 35

1.13 Unit Certificates 35

1.14 Contents of Unit Certificates 36

1.15 Register of Unitholders 37

1.16 Successors in Interest to Unitholders 37

1.17 Units Held Jointly or in Fiduciary Capacity 37

1.18 Performance of Trusts 37

1.19 Lost Unit Certificates 38

1.20 Death of Unitholders 38

1.21 Unclaimed Payments 38

1.22 Repurchase of Units 38

1.23 Take-Over Bids 38

ARTICLE 8 RESTRICTIONS ON TRANSFER AND OWNERSHIP OF UNITS 42

1.1 Definitions 42

1.2 Units 44

1.3 Transfer of Units in Charitable Trust 51

1.4 Additional FIRPTA Remedies 53

1.5 TSXV and other Exchange Transactions 53

1.6 Enforcement 53

1.7 Non-Waiver