Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 130

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 130
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. A copy of Old NXDT’s Bylaws is available upon request from Old NXDT’s Secretary.

In addition to satisfying the foregoing requirements under Old NXDT’s Bylaws, to comply with the universal proxy rules, shareholders who intend to solicit proxies in support of trustee nominees other than Old NXDT’s nominees must provide notice that sets forth the information required by Rule 14a-19 under the Exchange Act no later than April 13, 2026.

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MULTIPLE SHAREHOLDERS SHARING ONE ADDRESS</div>

In accordance with Rule 14a-3(e)(1) under the Exchange Act, one set of proxy materials will be delivered to two or more shareholders who share an address, unless Old NXDT has received contrary instructions from one or more of the shareholders. Old NXDT will deliver promptly upon written or oral request a separate copy of the proxy materials to a shareholder at a shared address to which a single copy of the proxy materials was delivered. Requests for additional copies of the proxy materials, and requests that in the future separate proxy materials be sent to shareholders who share an address, should be directed by writing to Investor Relations at c/o NexPoint Diversified Real Estate Trust, 300 Crescent Court, Suite 700, Dallas, Texas 75201, Attn: Investor Relations or by calling (214) 276-6300. In addition, shareholders who share a single address but receive multiple copies of the proxy materials may request that in the future they receive a single copy by contacting Old NXDT at the address and phone number set forth in the prior sentence.

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COMPARISON OF SHAREHOLDERS’RIGHTS</div>

The following is a summary comparison of material differences between the rights of Old NXDT’s shareholders under Delaware law and the Declaration of Trust, Statement of Preferences of 5.50% Series A Cumulative Preferred Shares (the“Series A Statement of Preferences”), Statement of Preferences of 9.00% Series B Cumulative Redeemable Preferred Shares (the“Series B Statement of Preferences”and, together with the Series A Statement of Preferences, the“Statements of Preferences”) and Old NXDT’s bylaws (the“Old Bylaws”; and together with the Declaration of Trust and the Statements of Preferences, the“Old NXDT organizational documents”), on the one hand, and the rights of New NXDT stockholders under the MGCL, the New NXDT Charter and the New NXDT Bylaws, on