Company: NXDT
Filing Date: 2025-06-12
Form Type: S-4
Source: 0001437749-25-020201
Chunk: 101

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-06-12
Form: S-4
Chunk 101
---
 other preferred stock, then such available assets will be distributed among the holders of shares of New Series A Preferred Stock and such other preferred stock ratably in proportion to the respective preferential liquidation amounts to which they are entitled. Unless and until the Series A Liquidation Preference plus accumulated and unpaid dividends and distributions has been paid in full to the holders of New Series A Preferred Stock, no dividends or distributions will be made to holders of the New Common Stock or any other stock of New NXDT ranking junior to the New Series A Preferred Stock as to liquidation.

Redemption

The New Series A Preferred Stock will not be subject to mandatory redemption. New NXDT may at any time upon Series A Notice of Redemption (defined below) redeem the New Series A Preferred Stock in whole or in part at a price equal to $25.00 per share plus accumulated but unpaid dividends and distributions (whether or not earned or declared by New NXDT) through, but not including, the date of redemption (the “Series A Redemption Price”), which notice will specify a redemption date of not fewer than 30 days nor more than 90 days after the date of such notice.

If New NXDT determines to redeem shares of New Series A Preferred Stock, it will mail a written notice of redemption (“Series A Notice of Redemption”) with respect to such redemption by first class mail, postage prepaid, to each holder of the stock to be redeemed at such holder’s address as the same appears on the share register of New NXDT on the close of business on such date as the board of directors or its delegatee may determine, which date will not be earlier than the second business day prior to the date upon which such Series A Notice of Redemption is mailed or delivered electronically to the holders of New Series A Preferred Stock. Each such Series A Notice of Redemption will state: (A) the redemption date as established by the board of directors or its delegatee; (B) the number of shares of New Series A Preferred Stock to be redeemed; (C) the CUSIP number(s) of such shares; (D) the Series A Redemption Price (specifying the amount of accumulated dividends and distributions to be included therein); (E) the place or places where the certificate(s) for such shares (properly endorsed or assigned for transfer, if the board of directors or its delegatee so require and the Series A Notice of Redemption so states), if any, are to be surrendered for payment in respect of such redemption; (F) that dividends and distributions on the