Company: NXDT
Filing Date: 2025-01-30
Form Type: 424B5
Source: 0001437749-25-002263
Chunk: 36

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-30
Form: 424B5
Chunk 36
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 with this offering. Each class or series of our preferred shares will have the designations, voting powers, preferences, conversion or other rights, qualifications, limitations, restrictions, terms and conditions of redemption, and other terms as the DSTA may permit and our Board may determine by adoption of applicable statement of preferences designating the preferred shares. Our Board may, without notice to or the consent of holders of Series B Preferred Shares, authorize the issuance and sale of additional Series B Preferred Shares and authorize and issue additional shares of Junior Shares or Parity Shares from time to time.

There is no established public trading market for the offered Series B Preferred Shares and we do not expect a market to develop. We do not intend to apply for a listing of the Series B Preferred Shares on any national securities exchange.

The transfer agent, registrar and dividend disbursement agent for the Series B Preferred Shares is Equiniti Trust Company, LLC.

Ranking

Our Series B Preferred Shares will rank, with respect to dividend rights and rights upon our liquidation, dissolution, termination, cancellation or winding up:

| ● | senior to all classes or series of our common shares and to any other class or series of Junior Shares issued in the future unless the terms of those beneficial interests expressly provide that they rank senior to, or on parity with, the Series B Preferred Shares; |

| ● | on parity with our Parity Shares; and |

| ● | junior to any other class or series of our beneficial interests, the terms of which expressly provide that it will rank senior to the Series B Preferred Shares, none of which exists on the date hereof, and subject to payment of or provision for our debts and other liabilities. |

Dividends

Subject to the preferential rights of the holders of any class or series of our beneficial interests ranking senior to the Series B Preferred Shares if any such class or series is authorized in the future, the holders of Series B Preferred Shares are entitled to receive, when, as and if authorized by our Board and declared by us out of legally available funds, cumulative cash dividends on each Series B Preferred Share at an annual rate of 9.00% of the Stated Value (each, a “Series B Cash Dividend”). We expect Series B Cash Dividends will be authorized and declared on a quarterly basis, payable monthly on the 5 day of each month (or if such payment date is not a business day, on the immediately succeeding business day, with the same force and effect as if made on such date) to holders of