Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 213

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 213
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 the purchase or acquisition of New Series B Preferred Stock pursuant to a purchase or exchange offer made on the same terms to all holders of New Series B Preferred Stock and all holders of shares of parity stock.

If a redemption date for a redemption at the option of New NXDT falls after a dividend record date and prior to the corresponding dividend payment date, each holder of record of New Series B Preferred Stock at the close of business on such dividend record date will be entitled to the dividend payable on such shares on the corresponding dividend payment date notwithstanding the redemption of such shares on or prior to such dividend payment date, and each holder of New Series B Preferred Stock that will be redeemed at the option of New NXDT will be entitled to an amount equal to the dividends accruing after the end of the Series B Dividend Period to which such dividend payment date relates, up to but not including, the redemption date.

Notwithstanding the foregoing, at any time New NXDT may redeem or purchase shares of New Series B Preferred Stock to ensure that it continues to meet the requirements for qualification as a REIT pursuant to the New NXDT Charter. If New NXDT calls for redemption any shares of New Series B Preferred Stock pursuant to and in accordance with the New NXDT Charter, then the redemption price will be an amount equal to the Series B Stated Value per share, plus an amount equal to accrued but unpaid cash dividends on the shares of New Series B Preferred Stock, if any, to but not including the date of redemption, subject to any restrictions or limitations contained in the New NXDT Charter. New NXDT will not be required to provide advanced notice to the holder of shares of New Series B Preferred Stock in the event such holder’s New Series B Preferred Stock is redeemed in order for New NXDT to qualify or maintain the qualification of New NXDT as a REIT for U.S. federal income tax purposes.

Subject to applicable law and the limitation on purchases when dividends on the New Series B Preferred Stock are in arrears, New NXDT may, at any time and from time to time, purchase any New Series B Preferred Stock by tender or by private agreement.

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Change of Control Redemption by New NXDT

Upon the occurrence of a Change of Control, New NXDT will have the right (but not the obligation) to redeem all or some portion of the outstanding shares of New Series B Preferred Stock, on a date specified by New NXDT no later than 120 days after the first date on which such Change