Company: NXDT
Filing Date: 2025-01-30
Form Type: 424B5
Source: 0001437749-25-002263
Chunk: 51

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-30
Form: 424B5
Chunk 51
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 the Series B Cash Dividend Period to which such dividend payment date relates, up to but not including, the redemption date.

Company Notice of Redemption

If the Company elects to redeem Series B Preferred Shares pursuant to an optional redemption or in connection with a Change of Control, the Company will deliver a written notice of redemption to all of the holders of record of Series B Preferred Shares to be redeemed. We will mail to you, if you are a record holder of the Series B Preferred Shares, a notice of redemption no fewer than seven days before the redemption date. We will send the notice to your address shown on our share transfer books. A failure to give notice of redemption or any defect in the notice or in its mailing will not affect the validity of the redemption of any Series B Preferred Shares except as to the holder to whom notice was defective or not given; provided, that notice given to the last address of record will be deemed to be valid notice. Each notice will state the following:

| ● | the redemption date; |

| ● | the redemption price on a per share basis; |

| ● | the CUSIP number(s) of the Series B Preferred Shares to be redeemed; |

| ● | that dividends on the Series B Preferred Shares to be redeemed will cease to accrue on such redemption date; |

| ● | if a redemption at our option, that the Series B Preferred Shares are being redeemed pursuant to our option; |

| ● | if a redemption in connection with a Change of Control, that the Series B Preferred Shares are being redeemed pursuant to our option in connection with the occurrence of a Change of Control and a brief description of the transaction or transactions constituting such Change of Control; and |

| ● | any conditions to the redemption. |

Rights Following Conversion or Redemption

If we (i) have received a notice of conversion and (ii) have given irrevocable instructions to issue such common shares, then from and after the conversion date, those Series B Preferred Shares will be treated as no longer being outstanding, no further dividends will accrue and all other rights of the holders of those Series B Preferred Shares will terminate. The holders of those Series B Preferred Shares will retain their right to receive common shares at the conversion rate for their shares and an amount equal to all accrued but unpaid cash dividends, if any, to but not including the conversion date, without interest.

If we (i) have given or received a notice of redemption, (ii) (1) if the Series B Preferred Shares will be redeemed