Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 195

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 195
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 held not less than 10 nor more than 40 days after the date of mailing of such notice. If New NXDT fails to send such notice to the Dividend Disbursing Agent or if New NXDT does not call such a special meeting, it may be called by any such holder on like notice. The record date for determining the holders entitled to notice of and to vote at such special meeting will be the close of business on the day on which such notice is mailed or such other date as the board of directors will determine. At any such special meeting and at each stockholder meeting held during a Voting Period for the purpose of electing directors, such holders of preferred stock, voting together as a class (to the exclusion of the holders of all other securities and classes of capital stock of New NXDT), will be entitled to elect the Preferred Stock Directors on a one-vote-per-share basis. At any such meeting, or adjournment thereof in the absence of a quorum, a majority of such holders present in person or by proxy will have the power to adjourn the meeting without notice, other than by an announcement at the meeting, to a date not more than 120 days after the original record date.

For purposes of determining any rights of the holders of New Preferred Stock to vote on any matter or the number of shares required to constitute a quorum, whether such right is created by the New NXDT Charter, by the other provisions of the New NXDT Charter or New NXDT Bylaws, by statute or otherwise, any New Preferred Stock which is not Outstanding will not be counted. “Outstanding” means, as of any date, preferred stock theretofore issued by New NXDT except:

(a) any such preferred stock theretofore cancelled by New NXDT or delivered to New NXDT for cancellation;

(b) any such preferred stock as to which a notice of redemption shall have been given and for whose payment at the redemption thereof Deposit Assets in the necessary amount are held by New NXDT in trust for, or have been irrevocably deposited with the relevant disbursing agent for payment to, the holder of such share pursuant to the New NXDT Charter with respect thereto; and

(c) any such preferred stock in exchange for or in lieu of which other stock been issued and delivered.

Notwithstanding the foregoing, for purposes of voting rights (including the determination of the number of shares required to constitute a quorum), any preferred stock as to which New NXDT or any subsidiary of