Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 15

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 15
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 to cause NHT OP to redeem all or a portion of such Class B Units for a cash payment to be paid by NHT OP. NHT OP shall not be obligated to satisfy such redemption right if NHT Holdings, LLC (“NHH”) elects to purchase the Class B Units in exchange for a cash payment or equivalent value in Units, as determined by NHH (and NHT, indirectly) in its sole discretion. If NHH elects to redeem such Class B Units for the equivalent value in Units, NHT will generally deliver (indirectly) one Unit for each Class B Unit redeemed (subject to customary anti-dilution adjustments). As of the date hereof, there were 205,597 Class B Units outstanding.

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Eligibility for Voting

At the Meeting, each Unitholder of record at the close of business on the Record Date will be entitled to one vote for each Unit held on all matters proposed to come before the Meeting. Any Unitholder who was a Unitholder on the Record Date shall be entitled to receive notice of and vote at the Meeting or any adjournment thereof, even though he, she or it has since that date disposed of his, her or its Units, and no Unitholder becoming such after that date shall be entitled to receive notice of and vote at the Meeting or any adjournment thereof or to be treated as a Unitholder of record for purposes of such other action.

Principal Unitholders

To the knowledge of NHT and its executive officers, the only person or company that beneficially owned, directly or indirectly, or exercised control or direction over, voting securities of NHT carrying 10% or more of the voting rights attached to all outstanding Units of NHT as of the date hereof, was:

| Name             |   Number of Units 
 Owned, Controlled 
    or Directed(1) | Percentage of     
 Outstanding Units | Number of Class B 
      Units Owned, 
     Controlled or 
          Directed | Percentage of          
 Outstanding Units      
 (determined as if all  
 Class B Units are      
 redeemed for Units)(2) |
| James Dondero(3) |        23,346,795 | 79.5%             |                 0 | 79.00%                 |

Notes:

(1) The number of Units beneficially owned includes any Units over which the person has sole or shared voting power or investment power. No person has any right to