Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 200

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 200
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 extraordinary actions such as mergers, and the provisions related to transactions with certain major shareholders) by the approval of the majority of the trustees without any vote of the shareholders. Notwithstanding the foregoing, no amendment may be made to the limitations of personal liability of the shareholders and trustees, indemnification of trustees, officers and employees, certain provisions related to the shareholders’ voting rights, the procedures for winding up NXDT, the procedures for amending the NXDT Declaration, the approval thresholds for extraordinary actions such as mergers, provisions related to transactions with certain major shareholders, which would change the rights with respect to any shares of NXDT by reducing any stated amount payable thereon in preference over all other classes or series of shares of NXDT upon liquidation or by eliminating any voting rights pertaining to such a liquidation, except after obtaining one of the Required Voting Alternatives. |

| Amendment of Bylaws                                                                                                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| NHT does not have bylaws.                                                                                                   |     | The NXDT Declaration provides that the trustees shall have the exclusive authority to adopt and amend or repeal the bylaws of NXDT. NXDT’s bylaws provide that the bylaws may be amended by the majority vote of the NXDT’s trustees.                                                                                                                                                                                                                                      |
| Amendment of Statement of Preferences                                                                                       |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| NHT has no preferred equity securities or corresponding instrument defining the rights of such preferred equity securities. |     | The Statement of Preferences provides that, so long as any Series A Preferred Shares are outstanding, NXDT shall not, without the affirmative vote of the holders of at least two-thirds of the Series A Preferred Shares outstanding at the time, voting separately as one class, amend, alter, or repeal the provisions of the Statement of Preferences so as to in the aggregate adversely affect the rights and preferences set forth in the Statement of Preferences. |

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| NHT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |     | NXDT                                                                                                                                                                                                                                                                                                                                                                                                       |
| Extraordinary Actions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |     |                                                                                                                                                                                                                                                                                                                                                                                                            |
| The Declaration of Trust provides that, the following must be duly approved by a Special Resolution (as defined in the Declaration of Trust) at a meeting of Unitholders: (a) any amendment to what is required to be approved by Special Resolution; (b) an exchange, reclassification or cancellation of all or a part