Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 117

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 117
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 (defined below), the holders of the outstanding capital shares of NXDT, voting as a single class, will elect the trustees. There is no cumulative voting in the election of trustees. Consequently, other than the Preferred Shares Trustees, the holders of a majority of the outstanding capital shares can elect all of the trustees then standing for election, and the holders of the remaining capital shares will not be able to elect any trustees. Trustees will be elected by the affirmative vote of a plurality of all of the shares of beneficial interest present or represented by proxy at a meeting at which a quorum is present. For so long as the rules of any national securities exchange on which any of NXDT’s equity securities are listed requires holders of the Series A Preferred Shares to have such voting rights, whenever dividends on the Series A Preferred Shares shall be in arrears for six or more quarterly periods, whether or not such quarterly periods shall be consecutive, and sufficient assets will not have been deposited with the dividend disbursing agent for payment of such accumulated dividends and distributions, holders of the outstanding Series A Preferred Shares, voting separately as one class (to the exclusion of the holders of all other securities and classes of capital shares of NXDT, except for any other series of outstanding preferred shares for which a like entitlement has arisen, with which the holders of the outstanding Series A Preferred Shares will vote together as one class for this purpose), will be entitled to elect two of NXDT’s trustees (the “Preferred Shares Trustees”).

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With respect to matters other than the election of trustees, (i) the affirmative vote of a majority of NXDT’s shares of beneficial interest present in person or represented by proxy and entitled to vote thereon, at a meeting where the holders of a majority of NXDT’s shares of beneficial interest entitled to vote on the matter are present in person or represented by proxy (an “NXDT Quorum”), will be the act of the shareholders with respect to such matters, and (ii) where a separate vote of one or more classes or series of shares of beneficial interest is required on any matter, the affirmative vote of a majority of the shares of beneficial interest of such class or series present in person or represented by proxy at a meeting where an NXDT Quorum is present will be the act of the shareholders of such class or series with respect to such matter, in each case subject to any provisions of the NXDT Declaration or a resolution of the NXDT Board specifying a greater or lesser requirement with respect