A family of neodymium complexes featuring a redox‐active ligand in three different oxidation states has been synthesized, including the iminoquinone (L0) derivative, (dippiq)2NdI3 (1‐iq), the iminosemiquinone (L1−) compound, (dippisq)2NdI(THF) (1‐isq), and the amidophenolate (L2−) [K(THF)2][(dippap)2Nd(THF)2] (1‐ap) and [K(18‐crown‐6)][(dippap)2Nd(THF)2] (1‐ap crown) species. Full spectroscopic and structural characterization of each derivative established the +3 neodymium oxidation state with redox chemistry occurring at the ligand rather than the neodymium center. Oxidation with elemental chalcogens showed the reversible nature of the ligand‐mediated reduction process, forming the iminosemiquinone metallocycles, [K(18‐crown‐6)][(dippisq)2Nd(S5)] (2‐isq crown) and [K(18‐crown‐6)(THF)][(dippisq)2Nd(Se5)] (3‐isq crown), which are characterized to contain a 6‐membered twist‐boat ring.