Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1274

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1274
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 in .

“Series D Accrued Regular Distributions” has the meaning set forth in .

“Series D Articles Supplementary” means the Articles Supplementary of NexPoint Storage Partners, Inc., filed with the SDAT on December 8, 2022, designating the terms, rights and preferences of the Series D Preferred Stock.

“Series D Cash Distribution” has the meaning set forth in .

“Series D Distribution Payment Date” has the meaning set forth in .

“Series D Distribution Rate” means a rate expressed as a percentage per annum of the Series D Liquidation Amount payable in Series D Cash Distributions or Series D Non-Cash Distributions as set forth below.

First Issuance Date - 1st Anniversary 7.0% 1.5%

1st Anniversary - 2nd Anniversary 7.5% 1.0%

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2nd Anniversary - 6th Anniversary 8.5% 0.0%

6th Anniversary - 7th Anniversary 9.5% 0.0%

7th Anniversary - Thereafter 10.5% 0.0%

“Series D First Issuance Date” means the date that the first Series D Preferred Unit is issued.

“Series D First Repurchase Date” has the meaning set forth in the definition of “Series D Make-Whole Amount” herein.

“Series D Liquidation Amount” means $1,000.00 per Series D Preferred Unit, subject to adjustment in the event of a Unit Event, distribution (other than Series D Accrued Distributions), or other proportionate reduction or increase to the Series D Preferred Unit.

“Series D Liquidation Preference” has the meaning set forth in .

“Series D Make-Whole Amount” means, with respect to any redemption of any Series D Preferred Unit as of any Series D Redemption Date prior to the third anniversary of the Series D First Issuance Date (the “Series D First Repurchase Date”), an amount equal to (a) the present value (calculated as provided below) as of such Series D Redemption Date of the sum of (i) the remaining distributions that would accrue on such Series D Preferred Unit being redeemed from such Series D Redemption Date to the applicable Series D First Repurchase Date (including, for the avoidance of doubt, any distributions that would accrue from the Series D Distribution Payment Date immediately prior to the applicable Series D First Repurchase Date through the applicable Series D First Repurchase