Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 127

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 127
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 any person who would have owned shares of beneficial interest that resulted in a Charitable Transfer will immediately give written notice to NXDT of such event or, in the case of such a proposed or attempted transaction, give at least 15 days’ prior written notice, and will provide to NXDT such other information as NXDT may request in order to determine the effect, if any, of such transfer on Company’s status as a real estate investment trust.

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The NXDT Declaration also requires that, from the Initial Date and prior to the Restriction Termination Date, (a) every owner of five percent or more (or such lower percentage as required by the Code or the Treasury Regulations promulgated thereunder) in number or value of the outstanding shares of beneficial interest, within 30 days after the end of each taxable year, will give written notice to NXDT stating the name and address of such owner, the number of shares of beneficial interest beneficially owned and a description of the manner in which such shares are held. Each such owner must provide to NXDT such additional information as NXDT may request in order to determine the effect, if any, of such beneficial ownership on NXDT’s status as a real estate investment trust and to ensure compliance with the aggregate share ownership limit and the common share ownership limit and the other restrictions in the NXDT Declaration; and (b) each person who is a beneficial owner or constructive owner of shares of beneficial interest and each person (including the shareholder of record) who is holding shares of beneficial interest for a beneficial owner or constructive owner shall provide to NXDT such information as NXDT may request in good faith in order to determine NXDT’s status as a real estate investment trust and to comply with the requirements of any taxing authority or governmental authority or to determine such compliance.

Subject to (ii), (iii) and (iv) of the Restrictions, the NXDT Board may exempt (prospectively or retroactively) a person from the aggregate share ownership limit or the common share ownership limit, as the case may be, and may establish or increase an Excepted Holder Limit for such person if NXDT obtains such representations and undertakings from such person as are reasonably necessary for the NXDT Board to determine that:

| (i) | no person’s beneficial or constructive ownership of shares of beneficial interest will violate (ii), (iii) and (iv) of the Restrictions; and |

| (ii) | such person does not and will not own,