Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 193

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 193
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 period after the issuance of such shares) and ending on but excluding the next succeeding Series A Dividend Payment Date is a “Series A Dividend Period.” Dividends and distributions on account of arrears for any past Series A Dividend Period or in connection with the redemption of New Series A Preferred Stock may be declared and paid at any time, without reference to any Series A Dividend Payment Date, to holders of record on such date not exceeding 30 days preceding the payment date thereof as will be fixed by the board of directors.

No full dividends or distributions will be declared or paid on shares of New Series A Preferred Stock for any Series A Dividend Period or part thereof unless full cumulative dividends and distributions due through the most recent Series A Dividend Payment Dates therefor for all series of preferred stock ranking on a parity with the New Series A Preferred Stock as to the payment of dividends and distributions, including the New Series B Preferred Stock, have been or contemporaneously are declared and paid through the most recent Series A Dividend Payment Dates therefor. If full cumulative dividends and distributions due have not been paid on all such Outstanding (as defined in below) preferred stock, any dividends and distributions being paid on such preferred stock (including the New Series A Preferred Stock) will be paid as nearly pro rata as possible in proportion to the respective amounts of dividends and distributions accumulated but unpaid on each such series of preferred shares on the relevant Series A Dividend Payment Date. No holders of shares of New Series A Preferred Stock will be entitled to any dividends or distributions, whether payable in cash, property or shares, in excess of full cumulative dividends and distributions as provided in this paragraph on New Series A Preferred Stock. No interest or sum of money in lieu of interest will be payable in respect of any dividend payments on any shares of New Series A Preferred Stock that may be in arrears.

For so long as shares of New Series A Preferred Stock are Outstanding, New NXDT will not declare or pay any dividend or other distribution (other than a dividend or distribution paid in common stock, options, warrants or rights to subscribe for or purchase common stock or other stock, if any, ranking junior to the New Series A Preferred Stock as to dividends and distribution of assets upon liquidation) in respect of the New Common Stock or any other stock of New NXDT ranking junior to the New Series A Preferred Stock as to the payment of dividends and the distribution of assets upon liquidation, or call for redemption, redeem, purchase or otherwise acquire for consideration any common stock