Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1915

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1915
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) | Where no application is made to a court under Subsection 7.23(i) within the period set out in that subsection, a dissenting offeree is deemed to have elected to transfer his Units to the offeror on the same terms that the offeror acquired the Units from the offerees who accepted the take-over bid. |

| (k) | An application under Subsections 7.23(h) or 7.23(i) shall be made to a court having jurisdiction in the place where the Trust has its registered office. |

| (l) | A dissenting offeree is not required to give security for costs in an application made under Subsections 7.23(h) or 7.23(i). |

| (m) | On an application under Subsections 7.23(h) or 7.23(i): |

| (A) | all dissenting offerees referred to in Subparagraph 7.23(b)(iii)(B) whose Units have not been acquired by the offeror shall be joined as parties and shall be bound by the decision of the court; and |

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| (B) | the offeror shall notify each affected dissenting offeree of the date, place and consequences of the application and of his right to appear and be heard in person or by counsel. |

| (n) | On an application to a court under Subsections 7.23(h) or 7.23(i) the court may determine whether any other person is a dissenting offeree who should be joined as a party, and the court shall then fix a fair value for the Units of all dissenting offerees. |

| (o) | A court may in its discretion appoint one or more appraisers to assist the court to fix a fair value for the Units of a dissenting offeree. |

| (p) | The final order of the court shall be made against the offeror in favour of each dissenting offeree and for the amount for his Units as fixed by the court. |

| (q) | In connection with proceedings under this Section 7.23, a court may make any order it thinks fit and, without limiting the generality of the foregoing, it may: |

| (A) | fix the amount of money or other consideration that is required to be held in trust under Subsection 7.23(f); |

|