Company: NREF
Filing Date: 2025-03-14
Form Type: 424B5
Source: 0001437749-25-007771
Chunk: 42

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-14
Form: 424B5
Chunk 42
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 such dividend payment date, and each holder of Series B Preferred Stock that will be redeemed at the option of the Company in connection with a Change of Control will be entitled to an amount equal to the dividends accruing after the end of the Series B Cash Dividend Period to which such dividend payment date relates, up to but not including, the redemption date.

<div align='center'>S-26</div>

Company Notice of Redemption

If the Company elects to redeem Series B Preferred Stock pursuant to an optional redemption or in connection with a Change of Control, the Company will deliver a written notice of redemption to all, but not less than all, of the holders of record of shares of Series B Preferred Stock to be redeemed. We will mail to you, if you are a record holder of the Series B Preferred Stock, a notice of redemption no fewer than seven days before the redemption date. We will send the notice to your address shown on our stock transfer books. A failure to give notice of redemption or any defect in the notice or in its mailing will not affect the validity of the redemption of any Series B Preferred Stock except as to the holder to whom notice was defective or not given; provided, that notice given to the last address of record will be deemed to be valid notice. Each notice will state the following:

• the redemption date;

• the redemption price on a per share basis;

• the CUSIP number(s) of the shares of Series B Preferred Stock to be redeemed;

• that dividends on the shares of Series B Preferred Stock to be redeemed will cease to accrue on such redemption date;

• if a redemption at our option, that the Series B Preferred Stock is being redeemed pursuant to our option;

• if a redemption in connection with a Change of Control, that the Series B Preferred Stock is being redeemed pursuant to our option in connection with the occurrence of a Change of Control and a brief description of the transaction or transactions constituting such Change of Control; and

• any conditions to the redemption.

Rights Following Redemption

If we (i) have given or received a notice of redemption, (ii) (1) if the shares of Series B Preferred Stock will be redeemed in cash, have set apart sufficient funds for the redemption in trust for the benefit of the holders of the Series B Preferred Stock called for redemption or (2) if the shares of Series B Preferred Stock will be redeemed with shares of common stock, the Redemption and Paying Agent has been instructed in writing that the shares of Series B Preferred Stock will be redeemed