Company: NREF
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001437749-25-033056
Chunk: 154

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-04
Form: 424B5
Chunk 154
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 investors should consult their tax advisors regarding the application and effect of state and local income and other tax laws on an investment in our stock.

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PLAN OF DISTRIBUTION</div>

We may sell the securities offered by this prospectus in any one or more of the following ways from time to time:

| • | directly to investors, including through a specific bidding, auction or other process; |

| • | to investors through agents; |

| • | directly to agents; |

| • | to or through underwriters, brokers or dealers; |

| • | to the public through underwriting syndicates led by one or more managing underwriters; |

| • | to one or more underwriters acting alone for resale to investors or to the public; |

| • | through a combination of any such methods of sale; or |

| • | any other method permitted pursuant to applicable law. |

We may also sell the securities offered by this prospectus in “at the market offerings” within the meaning of Rule 415(a)(4) under the Securities Act, to or through a market maker or into an existing trading market, on an exchange or otherwise.

The accompanying prospectus supplement will set forth the terms of the offering and the method of distribution and will identify any firms acting as underwriters, dealers or agents in connection with the offering, including:

| • | the name or names of any underwriters, dealers or agents; |

| • | the purchase price of the securities and the proceeds to us from the sale; |

| • | any over-allotment options under which the underwriters may purchase additional securities from us; |

| • | any underwriting discounts and other items constituting compensation to underwriters, dealers or agents; |

| • | any public offering price; |

| • | any discounts or concessions allowed or reallowed or paid to dealers; or |

| • | any securities exchange or market on which the securities offered in the prospectus supplement may be listed. |

Only those underwriters identified in such prospectus supplement are deemed to be underwriters in connection with the securities offered in the prospectus supplement. Any underwritten offering may be on a best efforts or a firm commitment basis.

The distribution of the securities may be effected from time to time in one or more transactions at a fixed price or prices, which may be changed, at varying prices determined at the time of sale, or at prices determined as the applicable prospectus supplement specifies. The securities may be sold through a rights offering,