Company: NXDT
Filing Date: 2025-06-12
Form Type: S-4
Source: 0001437749-25-020201
Chunk: 47

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-06-12
Form: S-4
Chunk 47
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 NXDT, refusing to give effect to such transfer on the books of Old NXDT or instituting proceedings to enjoin such transfer or other event; provided, however, that any transfer or attempted transfer or other event in violation of the Restrictions will automatically result in the transfer to the charitable trust described above, and, where applicable, such transfer (or other event) will be void ab initio as provided above irrespective of any action (or non-action) by the Board.                                                                                                                                                                                                                                                                                                                                      
 The Declaration of Trust requires that any person who acquires or attempts or intends to acquire beneficial ownership or constructive ownership of shares of beneficial ownership that will or may violate the Restrictions or any person who would have owned shares of Old NXDT that resulted in a Charitable Transfer will immediately give written notice to Old NXDT of such event or, in the case of such a proposed or attempted transaction, give at least 15 days’ prior written notice, and will provide to Old NXDT such other information as Old NXDT may request in order to determine the effect, if any, of such transfer on Old NXDT’s status as a REIT.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
 The Declaration of Trust also requires that, from the Initial Date and prior to the Restriction Termination Date, (a) every owner of five percent or more (or such lower percentage as required by the Code or the Treasury Regulations promulgated thereunder) in number or value of the outstanding shares of Old NXDT, within 30 days after the end of each taxable year, shall give written notice to Old NXDT stating the name and address of such owner, the number of shares of Old NXDT beneficially owned and a description of the manner in which such shares are held. Each such owner must provide to Old NXDT such additional information as Old NXDT may request in order to determine the effect, if any, of such beneficial ownership on Old NXDT’s status as a REIT and to ensure compliance with the aggregate share ownership limit and the common share ownership limit and the other restrictions set forth herein; and (b) each person who is a beneficial owner or constructive owner of shares of Old NXDT and each person (including the shareholder of record) who is holding shares of Old NXDT for a beneficial owner or constructive owner shall provide to Old NXDT such information as Old NXDT may request in good faith in order to determine Old NXDT’s status as a REIT and to comply with the requirements of any taxing authority or governmental authority or to determine such compliance