Company: NXDT
Filing Date: 2025-01-30
Form Type: 424B5
Source: 0001437749-25-002263
Chunk: 42

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-30
Form: 424B5
Chunk 42
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 holder may revoke its notice with respect to such Series B Preferred Shares by delivering, prior to the applicable conversion date, a written notice of revocation to the Company or through the procedures of DTC.

Redemption at Option of Holders

Beginning on the first day of the month following the date of original issuance, holders will have the right to require the Company to redeem the Series B Preferred Shares at a redemption price equal to the Stated Value less a redemption fee calculated thereon, plus an amount equal to accrued but unpaid cash dividends thereon, if any, to but not including the date of redemption.

The redemption fee will be equal to:

| ● | Beginning on the first day of the month following the date of original issuance of the shares to be redeemed: 12% of the Stated Value |

| ● | Beginning on the first day of the month following the first anniversary of the date of original issuance of the shares to be redeemed: 9% of the Stated Value |

| ● | Beginning on the first day of the month following the second anniversary of the date of original issuance of the shares to be redeemed: 6% of the Stated Value |

| ● | Beginning on the first day of the month following the third anniversary of the date of original issuance of the shares to be redeemed: 3% of the Stated Value |

| ● | Beginning on the first day of the month following the fourth anniversary of the date of original issuance of the shares to be redeemed: 0% of the Stated Value |

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If a redemption date for a redemption at the option of the holder falls after a dividend record date and prior to the corresponding dividend payment date, each holder of record of Series B Preferred Shares at the close of business on such dividend record date will be entitled to the dividend payable on such shares on the corresponding dividend payment date notwithstanding the redemption of such shares on or prior to such dividend payment date, and each holder of Series B Preferred Shares that will be redeemed at the option of the holder will be entitled to an amount equal to the dividends accruing after the end of the Series B Cash Dividend Period to which such dividend payment date relates, up to but not including, the redemption date.

If a holder of Series B Preferred Shares causes the Company to redeem such Series B Preferred Shares pursuant to a redemption at their option, for so long as our common shares are listed or admitted to trading on the NYSE or another national securities exchange or automated quotation system,