Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1864

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1864
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 realized capital gains of the Trust” for any period means the amount, if any, by which the amount of the realized capital gains of the Trust for the period exceeds the aggregate of (i) the amount of any realized capital losses of the Trust for the period determined in accordance with the Tax Act, and (ii) the amount of any net capital losses of the Trust carried forward from a previous period to the extent not previously deducted from realized capital gains of the Trust determined in accordance with the Tax Act; |

| (nn) | “NHI” means NHT Holdings, LLC; |

| (oo) | “Nominating Unitholder” has the meaning given thereto in Section 9.4(a); |

| (pp) | “Non-Resident” means a person who is not a Resident and a partnership that is not a “Canadian partnership” within the meaning of the Tax Act; |

| (qq) | “Notice Date” has the meaning given thereto in Section 9.4(c)(i); |

| (rr) | “offeree” means a person to whom a take-over bid is made; |

| (ss) | “Offering” means the issuance of Units in connection with the initial public offering of the Trust; |

| (tt) | “offeror” means a person, other than an agent, who makes a take-over bid; and includes two or more persons who, directly or indirectly: |

| (i) | make a take-over bid jointly or in concert; or |

| (ii) | intend to exercise jointly or in concert voting rights attached to the Units for which a take-over bid is made; |

| (uu) | “OP” means NHT Operating Partnership, LLC, a Delaware limited liability company. |

| (vv) | “Operating Agreement” means the operating agreement of the OP dated as of Closing, as such may be amended or amended and restated; |

| (ww) | “Original Declaration of Trust” has the meaning given thereto in the Recitals; |

| (xx) | “person” means and includes any individual, general partnership, limited partnership, joint venture, syndicate, sole proprietorship, company or corporation with or without share capital, joint stock company, association, trust, trust company, bank, pension fund, trustee, executor, administrator or other legal personal representative, regulatory body or agency, government or governmental agency, authority or other organization or entity, whether or not a legal entity,