Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 120

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 120
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80% of the NXDT Board approve by resolution a memorandum of understanding with the Principal Shareholder with respect to and substantially consistent with such transaction followed by an approval by shareholders consistent with the Voting Requirement, or (ii) the transaction is with any entity of which a majority of the outstanding shares of all classes and series of a shares normally entitled to vote in elections of directors is owned of record or beneficially by NXDT and its subsidiaries.

Other Matters

Holders of the NXDT Common Shares have no preference, conversion, exchange, sinking fund, redemption or appraisal rights and have no preemptive rights to subscribe for any securities of NXDT. Subject to the provisions of the NXDT Declaration regarding the restrictions on ownership and transfer of NXDT’s shares of beneficial interest, NXDT Common Shares will have equal distribution, liquidation and other rights.

The NXDT Declaration generally excludes The Corporation Trust Company or its successor from the meaning of the term trustees. The Corporation Trust Company is NXDT’s Delaware trustee and does not have any management responsibilities with respect to NXDT other than certain administrative matters required by the DSTA.

Advance Notice Bylaw Provisions

Pursuant to NXDT’s bylaws, shareholders may make nominations of individuals for election to the NXDT Board and propose business other than that which is stated in the notice of the meeting only in connection with annual meetings of shareholders, or a special meeting in lieu of an annual meeting. NXDT’s bylaws provide that, with respect to an annual meeting of NXDT’s shareholders, nominations of individuals for election to the NXDT Board and the proposal of other business to be considered by NXDT’s shareholders may be made only (a) pursuant to NXDT’s notice of the meeting, (b) by or at the direction of the NXDT Board or (c) by any shareholder of record who was a shareholder of record both at the time of giving the notice required by NXDT’s bylaws and at the time of the record date for the determination of shareholders entitled to notice of and to vote at such meeting, who has held beneficially and at risk at least $5,000 of NXDT’s shares continuously during such time and for at least one year prior to the date of such notice, and containing the information, certifications and other materials, and who complies with the other procedural requirements, specified in the advance notice provisions of NXDT’s bylaws.

With respect to special meetings of shareholders, only the business specified in NXDT’s notice of meeting may be brought before the meeting.