Company: NXDT
Filing Date: 2025-01-30
Form Type: 8-K
Source: 0001437749-25-002277
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Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-30
Form: 8-K
Item: Item 3.03
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Item 3.03. Material Modification to Rights of Security Holders.

On January 30, 2025, the Company adopted a Statement of Preferences (the “ Statement of Preferences”) to classify and designate 16,000,000 shares of the Company’s authorized but unissued preferred shares, par value $0.001 per share, as Series B Preferred Shares, with the powers, designations, preferences and other rights as set forth therein. A summary of the material terms of the Series B Preferred Shares is set forth under the caption “ Description of Series B Preferred Shares” in theProspectus Supplement, and is hereby incorporated by reference into this Item 3.03. The summary of the Series B Preferred Shares in the Prospectus Supplement and the following description of the Series B Preferred Shares does not purport to be complete and is qualified in its entirety by reference to the full text of the Statement of Preferences, which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is hereby incorporated by reference into this Item 3.03.

The Series B Preferred Shares rank senior to the Company’s common shares, par value $0.001 per share (“ Common Shares”), and pari passu with the Company’s Series A Preferred Shares, with respect to distribution rights and rights upon the voluntary or involuntary liquidation, dissolution or winding up of the Company.

In addition to other preferential rights, upon any voluntary or involuntary liquidation, dissolution, termination, cancellation or winding-up of our affairs, before any distribution or payment will be made to holders of our Common Shares or any other class or series of beneficial interests ranking junior to our Series B Preferred Shares, the holders of Series B Preferred Shares then outstanding will be entitled to be paid out of our assets legally available for distribution to our shareholders, after payment or provision for our debts and other liabilities, the liquidation preference equal to $25.00 per share, subject to appropriate adjustment in relation to any recapitalizations, share dividends, share splits, share combinations, reclassifications or other similar events which affect the Series B Preferred Shares, plus an amount equal to accrued but unpaid cash dividends thereon, if any, to but not including the date of payment, pari passu with the holders of our Series A Preferred Shares and any other class or series of our beneficial interests ranking on parity with the Series B Preferred Shares as to the liquidation preference and/or accrued but unpaid dividends they are entitled to receive.

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Furthermore, the Company is restricted from declaring or