Company: NXDT
Filing Date: 2025-06-12
Form Type: S-4
Source: 0001437749-25-020201
Chunk: 27

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-06-12
Form: S-4
Chunk 27
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 of Stockholders

Pursuant to the New NXDT Bylaws, a meeting of stockholders for the election of directors and the transaction of any business will be held annually on a date and at the time and place set by New NXDT’s board of directors. The chairman of the board of directors, chief executive officer, president or the board of directors may call a special meeting of stockholders. Subject to the provisions of the New NXDT Bylaws and the terms of any class or series of preferred stock, a special meeting of stockholders to act on any matter that may properly be brought before a meeting of stockholders must also be called by the secretary upon the written request of the stockholders entitled to cast a majority of all the votes entitled to be cast on such matter at the meeting and containing the information required by the New NXDT Bylaws. New NXDT’s secretary will inform the requesting stockholders of the reasonably estimated cost of preparing and delivering the notice of meeting (including New NXDT’s proxy materials), and the requesting stockholder must pay such estimated cost before the secretary is required to prepare and deliver the notice of the special meeting.

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Amendments to the New NXDT Charter and the New NXDT Bylaws

Except for those amendments permitted to be made without stockholder approval under the MGCL or the New NXDT Charter and subject to the terms of any class or series of preferred stock, the New NXDT Charter generally may be amended only if the amendment is first declared advisable by the board of directors and thereafter approved by the affirmative vote of stockholders entitled to cast a majority of all of the votes entitled to be cast on the matter. However, amendments to the provisions in the New NXDT Charter relating to the removal of directors and to the sentence in the New NXDT Charter relating to the vote required to approve such amendments must first be declared advisable by the board of directors and thereafter be approved by the affirmative vote of stockholders entitled to cast at least two-thirds of all of the votes entitled to be cast on the matter.

The New NXDT Bylaws may be altered, amended or repealed, in whole or in part, and new bylaws may be adopted by (1) the board of directors or (2) the stockholders with the affirmative vote of a majority of the votes entitled to be cast on the matter by stockholders entitled to vote generally in the election of directors.

Transactions Outside the Ordinary Course of Business

Under the MGCL, a Maryland corporation generally may