Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 195

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 195
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 liquidation, dissolution, termination, cancellation or winding up of New NXDT.

If, upon any liquidation, dissolution, termination, cancellation or winding up of the affairs of New NXDT, whether voluntary or involuntary, the assets of New NXDT available for distribution among the holders of all Outstanding New Series A Preferred Stock, and any other Outstanding class or series of preferred stock ranking on a parity with the New Series A Preferred Stock as to payment upon liquidation, including the New Series B Preferred Stock, will be insufficient to permit the payment in full to such holders of New Series A Preferred Stock of the Series A Liquidation Preference plus accumulated and unpaid dividends and distributions and the amounts due upon liquidation with respect to such other preferred stock, then such available assets will be distributed among the holders of shares of New Series A Preferred Stock and such other preferred stock ratably in proportion to the respective preferential liquidation amounts to which they are entitled. Unless and until the Series A Liquidation Preference plus accumulated and unpaid dividends and distributions has been paid in full to the holders of New Series A Preferred Stock, no dividends or distributions will be made to holders of the New Common Stock or any other stock of New NXDT ranking junior to the New Series A Preferred Stock as to liquidation.

Redemption

The New Series A Preferred Stock will not be subject to mandatory redemption. New NXDT may at any time upon Series A Notice of Redemption (defined below) redeem the New Series A Preferred Stock in whole or in part at a price equal to $25.00 per share plus accumulated but unpaid dividends and distributions (whether or not earned or declared by New NXDT) through, but not including, the date of redemption (the “Series A Redemption Price”), which notice will specify a redemption date of not fewer than 30 days nor more than 90 days after the date of such notice.

If New NXDT determines to redeem shares of New Series A Preferred Stock, it will mail a written notice of redemption (“Series A Notice of Redemption”) with respect to such redemption by first class mail, postage prepaid, to each holder of the stock to be redeemed at such holder’s address as the same appears on the share register of New NXDT on the close of business on such date as the board of directors or its delegatee may determine, which date will not be earlier than the second business day prior to the date upon which such Series A Notice of Redemption is mailed or delivered electronically to the holders of New Series A Preferred Stock. Each such Series A Notice of Redemption