Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 202

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 202
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 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.

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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 or into another entity, the consolidation or merger of another entity with or into New NXDT, New NXDT’s conversion into a new form of organization, a change of New NXDT’s jurisdiction of organization, a statutory stock exchange by New NXDT or a sale, lease, transfer or conveyance of all or substantially all of New NXDT’s property or business will not be deemed to constitute a liquidation, dissolution, termination, cancellation or winding-up of New NXDT’s affairs.

Conversion at Option