Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 226

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 226
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 trustee upon demand. The New NXDT Charter provides that the prohibited owner has no rights in the shares held by the trustee.

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In addition, if New NXDT’s board of directors determines in good faith that a transfer or other event has occurred that would violate the restrictions on ownership and transfer of New NXDT’s stock described above, New NXDT’s board of directors may take such action as it deems advisable to refuse to give effect to or to prevent such transfer, including, but not limited to, causing us to redeem shares of New NXDT’s stock, refusing to give effect to the transfer on our books or instituting proceedings to enjoin the transfer.

The New NXDT Charter provides that every owner of 5% or more (or such lower percentage as required by the Code or the regulations promulgated thereunder) of New NXDT’s stock, within 30 days after the end of each taxable year, must give us written notice stating the stockholder’s name and address, the number of shares of each class and series of New NXDT’s stock that the stockholder beneficially owns and a description of the manner in which the shares are held. Each such owner must provide to New NXDT in writing such additional information as New NXDT may request in order to determine the effect, if any, of the stockholder’s beneficial ownership on New NXDT’s status as a REIT and to ensure compliance with the ownership limits. In addition, the New NXDT Charter provides that any person or entity that is a beneficial owner or constructive owner of shares of New NXDT’s stock and any person or entity (including the stockholder of record) who is holding shares of New NXDT’s stock for a beneficial owner or constructive owner must, on request, provide to New NXDT such information as New NXDT may request in good faith in order to determine New NXDT’s status as a REIT and to comply with the requirements of any taxing authority or governmental authority or to determine such compliance and to ensure compliance with the ownership limits.

Any certificates representing shares of New NXDT’s stock will bear a legend referring to the restrictions on ownership and transfer of New NXDT’s stock described above.

These restrictions on ownership and transfer of New NXDT’s stock will not apply if New NXDT’s board of directors determines that it is no longer in New NXDT’s best interests to attempt to qualify, or to continue to qualify, as a REIT or that compliance is no longer required in order