Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 199

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 199
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: (i) the Trustees or NHT; (ii) the continuing status of NHT as a “mutual fund trust” under the Tax Act; (iii) the continuing status of NHT as a “real estate investment trust” for U.S. federal income tax purposes; or (iv) the distribution of Units; (b) amendments to increase the 6.2% ownership limit to a maximum of 9.8%; (c) amendments which, in the opinion of the Trustees, provide additional protection for the Unitholders; (d) amendments to address any conflicts or inconsistencies in the Declaration of Trust or to make minor corrections which are, in the opinion of the Trustees, necessary or desirable and not prejudicial to the Unitholders; (e) amendments which, in the opinion of the Trustees, are necessary or desirable to address any conflicts or inconsistencies between the disclosure in the Prospectus (as defined in the Declaration of Trust) and the Declaration of Trust; (f) amendments of a minor or clerical nature or to correct typographical mistakes, ambiguities or manifest omissions or errors, which amendments, in the opinion of the Trustees, are necessary or desirable and not prejudicial to the Unitholders; (g) amendments which, in the opinion of the Trustees, are necessary or desirable: (i) to ensure continuing compliance with IFRS; or (ii) to ensure the Units are classified as equity for purposes of IFRS; (h) amendments which, in the opinion of the Trustees, are necessary or desirable for NHT to qualify for a particular status under, or as a result of changes in, taxation or other laws, or the interpretation of such laws, including to qualify for the definition of “real estate investment trust” in the Tax Act or to qualify for the definition of “real estate investment trust” in the Code or to otherwise prevent NHT or any of its subsidiaries from becoming subject to SIFT Tax; and (i) for any purpose (except one in respect of which a Unitholder vote is specifically otherwise required) which, in the opinion of the Trustees, is not prejudicial to Unitholders and is necessary or desirable. |     | The NXDT Declaration may be amended (except as to limitations of personal liability of the shareholders and trustees, indemnification of trustees, officers and employees, certain provisions related to the shareholders’ voting rights, the procedures for winding up NXDT, the procedures for amending the NXDT Declaration, the approval thresholds for