Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 188

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 188
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 indebtedness.

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Dividends

Holders of shares of New Series A Preferred Stock will be entitled to receive, when, as and if declared by, or under authority granted by, the board of directors, out of funds legally available therefor, cumulative cash dividends and distributions at the rate of 5.50% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months) of the liquidation preference on the New Series A Preferred Stock (the “Series A Liquidation Preference”) and no more, payable quarterly on March 31, June 30, September 30 and December 31 in each year (each a “Series A Dividend Payment Date”) (or, if any such day is not a business day, then on the next succeeding business day). Dividends and distributions will be payable to holders of record of shares of New Series A Preferred Stock as they appear on the share register of New NXDT at the close of business on the fifth preceding business day (each, a “Series A Record Date”) in preference to dividends and distributions on New Common Stock and any other capital stock ranking junior to the New Series A Preferred Stock in payment of dividends and distributions. Dividends and distributions on shares of New Series A Preferred Stock that were originally issued on the Date of Original Issue (as defined in the New NXDT Charter) will accumulate from the Date of Original Issue. Dividends and distributions on all other shares of New Series A Preferred Stock will accumulate from (i) the date on which such shares are originally issued if such date is a Series A Dividend Payment Date, (ii) the immediately preceding Series A Dividend Payment Date if the date on which such shares are originally issued is other than a Series A Dividend Payment Date and is on or before a Series A Record Date or (iii) the immediately following Series A Dividend Payment Date if the date on which such shares are originally issued is during the period between a Series A Record Date and a Series A Dividend Payment Date. Each period beginning on and including a Series A Dividend Payment Date (or the Date of Original Issue, in the case of the first dividend 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