Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 192

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 192
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specifying the amount of accumulated dividends and distributions to be included therein); (E) the place or places where the certificate(s) for such shares (properly endorsed or assigned for transfer, if the board of directors or its delegatee so require and the Series A Notice of Redemption so states), if any, are to be surrendered for payment in respect of such redemption; (F) that dividends and distributions on the shares to be redeemed will cease to accrue on such redemption date; (G) the provisions of Section 6 of Exhibit A to the New NXDT Charter under which such redemption is made; and (H) any conditions precedent to such redemption. If fewer than all shares of New Series A Preferred Stock held by any holder are to be redeemed, the Series A Notice of Redemption mailed or delivered electronically to such holder also will specify the number or percentage of shares to be redeemed from such holder. No defect in the Series A Notice of Redemption or the mailing thereof will affect the validity of the redemption proceedings, except as required by applicable law.

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If New NXDT will give a Series A Notice of Redemption, then by the close of business on the business day preceding the redemption date specified in the Series A Notice of Redemption (so long as any conditions precedent to such redemption have been met) or, if the Dividend Disbursing Agent so agrees, another date not later than the redemption date, New NXDT will (A) deposit with the Dividend Disbursing Agent Deposit Assets that will mature (if such assets constitute debt securities or time deposits) on or prior to such redemption date having an initial combined value sufficient to effect the redemption of the New Series A Preferred Stock to be redeemed and (B) give the Dividend Disbursing Agent irrevocable instructions and authority to pay the Series A Redemption Price to the holders of the New Series A Preferred Stock called for redemption on the redemption date. New NXDT may direct the Dividend Disbursing Agent with respect to the investment of any Deposit Assets so deposited provided that the proceeds of any such investment will be available at the opening of business on such redemption date. Upon the date of such deposit (unless New NXDT defaults in making payment of the Series A Redemption Price), all rights of the holders of the New Preferred Stock so called for redemption will cease and terminate except the right of the holders thereof to receive the Series A Redemption Price thereof and such shares will no longer be deemed Outstanding for any purpose. New NX