Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 202

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 202
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 stock or any other security of New NXDT.

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New Series B Preferred Stock

Ranking

The New Series B Preferred Stock, with respect to distribution rights and rights upon our liquidation, dissolution, termination, cancellation or winding up, rank senior to the New Common Stock and any other capital stock ranking junior to the New Series B Preferred Stock as to such rights, on a parity with the New Series A Preferred Stock and any other series of preferred stock as to such rights to which such stock is entitled, and junior to any other class or series of stock, the terms of which expressly provide that it will rank senior to the Series B Preferred Stock, none of which exists on the date hereof, and subject to the payment of New NXDT’s debts and other liabilities. The New Series B Preferred Stock effectively ranks junior in right of payment to all of our existing and future indebtedness.

The New NXDT Charter does not require the consent of holders of preferred stock, including the New Series B Preferred Stock, for the Board to authorize and issue additional shares ranking junior to the New Series B Preferred Stock with respect to distribution rights and rights upon our liquidation, dissolution, termination, cancellation or winding up.

Dividends

Subject to the preferential rights of the holders of any class or series of New NXDT’s capital stock ranking senior to the New Series B Preferred Stock, if any such class or series is authorized in the future, holders of New Series B Preferred Stock are entitled to receive, when, as and if authorized by New NXDT’s board of directors and declared by New NXDT, out of funds legally available therefor, cumulative cash dividends each share of New Series B Preferred Stock at the rate of 9.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months) of the initial stated value of $25.00 per share, subject to appropriate adjustment in relation to any recapitalization, stock dividends, stock splits, stock combinations, reclassifications or other similar events which affect the New Series B Preferred Stock (the “Series B Stated Value”). Dividends and distributions on the New Series B Preferred Stock will be payable monthly in arrears on or about the fifth day of each calendar month or, if such date is not a business day, on the next succeeding business day, with the same force and effect as if paid on such date (each, a “Series B Dividend Payment Date”). Dividends