Company: NXDT
Filing Date: 2025-06-12
Form Type: S-4
Source: 0001437749-25-020201
Chunk: 112

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-06-12
Form: S-4
Chunk 112
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 New Series B Preferred Stock will first be credited against the earliest accrued but unpaid dividends and distributions due with respect to such shares which remain payable. Accrued but unpaid dividends and distributions on New Series B Preferred Stock will accumulate as of the Series B Dividend Payment Date on which they first become payable or on the date of redemption, as the case may be.

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Liquidation Preference

Upon any voluntary or involuntary liquidation, dissolution, termination, cancellation or winding up of the affairs of New NXDT, the holders of shares of New Series B Preferred Stock then outstanding will be entitled to be paid, or have New NXDT declare and set apart for payment, out of the assets of New NXDT legally available for distribution to its stockholders, after payment of or provision for payment of New NXDT’s debts and other liabilities, the Series B Stated Value per share, plus an amount equal to any accrued and unpaid cash dividends on the New Series B Preferred Stock (whether or not authorized or declared) thereon to but not including the date of payment or the date the amount for payment is set apart, before any distribution or payment of assets is made to holders of stock ranking junior to the New Series B Preferred Stock as to the distribution of assets upon liquidation.

If the assets of New NXDT legally available for distribution to stockholders are insufficient to permit the payment in full to such holders of shares of New Series B Preferred Stock of the Series B Stated Value per share, plus an amount equal to any accrued and unpaid cash dividends on the New Series B Preferred Stock (whether or not authorized or declared) thereon to but not including the date of payment or the date the amount for payment is set apart, and the corresponding amounts payable on all outstanding shares of any class or series of stock ranking on a parity with the New Series B Preferred Stock as to the distribution of assets upon liquidation, then all assets distributed to the holders of the New Series B Preferred Stock and any class or series of stock ranking on a parity with the New Series B Preferred Stock as to the distribution of assets upon liquidation, including the New Series A Preferred Stock, shall be distributed ratably in proportion to the respective preferential liquidation amounts to which they are entitled.

After payment of the full amount of the liquidating distributions to which they are entitled, the holders of shares of New Series B Preferred Stock will have no right or claim to any of New NXDT’s remaining assets. New NXDT’s consolidation or merger with