Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 878

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 878
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 number of authorized Series A Preferred Units shall be 16,000,000. The Series A Preferred Units have been created and are issued in conjunction with the issuance and sale of Series A Preferred Stock (defined below) by the Company, and as such, the Series A Preferred Units are intended to have designations, preferences and other rights and terms that are substantially the same as those of the Series A Preferred Stock, all such that the economic interests of the Series A Preferred Units and the Series A Preferred Stock are substantially identical, and the provisions, terms and conditions of the Series A Preferred Units and this shall be interpreted in a fashion consistent with this intent

Section 2. . Capitalized terms used herein and not otherwise defined shall have the meanings given to such terms in the Agreement. The following defined terms used in this shall have the meanings specified below:

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” means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with of the Agreement. As of the date hereof, the Preferred Units of the Partnership are the Series A Preferred Units.

<div align='center'>Annex B-1

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” shall have the meaning provided in the Charter.

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Section 3. . The Series A Preferred Units have no stated maturity and will not be subject to any sinking fund or mandatory redemption.

Section 4. . The Series A Preferred Units will, with respect to distribution rights and rights upon liquidation, dissolution or winding up of the Partnership, rank (a) senior to all classes or series of Common Units of the Partnership and any class or series of Preferred Units expressly designated as ranking junior to the Series A Preferred Units as to distribution rights and rights upon liquidation, dissolution or winding up of the Partnership (the “”); (b) on a parity with any other class or series of Preferred Units issued by the Partnership expressly designated as ranking on a parity with the Series A Preferred Units as to distribution rights and rights upon liquidation, dissolution or winding up of the Partnership (the “”); and (c) junior to any class or series of Preferred