Company: NXDT
Filing Date: 2025-01-30
Form Type: 424B5
Source: 0001437749-25-002263
Chunk: 48

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-30
Form: 424B5
Chunk 48
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 thereof is set apart for payment, (i) no Series B Preferred Shares will be redeemed at the option of the Company unless all outstanding Series B Preferred Shares are simultaneously redeemed, and (ii) the Company will not purchase or otherwise acquire directly or indirectly for any consideration, nor will any monies be paid to or be made available for a sinking fund for the redemption of, any Series B Preferred Shares (except by conversion into or exchange for shares of, or options, warrants or rights to purchase or subscribe for Junior Shares); provided, however, that the foregoing will not prevent the redemption or purchase by the Company of Series B Preferred Shares pursuant to Article XII of the Declaration or otherwise in order to ensure that the Company remains qualified as a REIT for U.S. federal income tax purposes or the purchase or acquisition of Series B Preferred Shares pursuant to a purchase or exchange offer made on the same terms to all holders of Series B Preferred Shares.

If a redemption date for a redemption at the option of the Company falls after a dividend record date and prior to the corresponding dividend payment date, each holder of record of Series B Preferred Shares at the close of business on such dividend record date will be entitled to the dividend payable on such shares on the corresponding dividend payment date notwithstanding the redemption of such shares on or prior to such dividend payment date, and each holder of Series B Preferred Shares that will be redeemed at the option of the Company will be entitled to an amount equal to the dividends accruing after the end of the Series B Cash Dividend Period to which such dividend payment date relates, up to but not including, the redemption date.

Notwithstanding the foregoing, at any time the Company may redeem or purchase Series B Preferred Shares to ensure that it continues to meet the requirements for qualification as a REIT pursuant to Article XII of the Declaration. If the Company calls for redemption any Series B Preferred Shares pursuant to and in accordance with Article XII of the Declaration, then the redemption price will be an amount equal to the Stated Value per share, plus an amount equal to accrued but unpaid cash dividends on the Series B Preferred Shares, if any, to but not including the date of redemption, subject to any restrictions or limitations contained in Article XII of the Declaration. The Company will not be required to provide advanced notice to the holder of Series B Preferred Shares in the event such holder’s Series B Preferred Shares are redeemed in order for the Company to qualify or maintain the qualification of the Company as a REIT for U.S. federal income tax purposes.

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