Company: NREF
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001437749-25-033056
Chunk: 20

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-04
Form: 424B5
Chunk 20
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 shares of our common stock for any of your shares of Series C Preferred Stock) are subordinate, as to distributions and amounts payable upon liquidation, to all of our existing and future debt and liabilities and those of our subsidiaries. Our future debt may include restrictions on our ability to pay dividends to preferred stockholders and common stockholders in the event of a default under the debt facilities or under other circumstances.

In addition, our charter currently authorizes the issuance of up to 600,000,000 shares of capital stock, of which 500,000,000 shares are designated as common stock and 100,000,000 shares of preferred stock in one or more classes or series. Of the shares designated as preferred stock, 11,300,000 have been classified as Series A Preferred Stock, 17,200,000 have been classified as Series B Preferred Stock and 8,000,000 have been classified as Series C Preferred Stock. Subject to limitations prescribed by Maryland law and our charter, our Board is authorized to issue, from our authorized but unissued shares of capital stock, common stock and preferred stock in such classes or series as our Board may determine and to establish from time to time the number of shares to be included in any such class or series. We may issue shares of common stock and additional shares of Series C Preferred Stock as well as shares of Series A Preferred Stock, Series B Preferred Stock or other shares of preferred stock on parity with the Series C Preferred Stock without the consent of the holders of shares of Series C Preferred Stock or our common stock. Our Board may elect to, among other things, sell additional shares in future public offerings and issue equity interests in private offerings, or issue shares to sellers of investments or properties we directly or indirectly acquire instead of, or in addition to, cash consideration. The issuance of additional shares of Series C Preferred Stock, shares of Series A Preferred Stock, Series B Preferred Stock or other shares of preferred stock on parity with or senior to the Series A Preferred Stock, the Series B Preferred Stock and the Series C Preferred Stock would dilute the interests of the holders of Series C Preferred Stock, and any issuance of preferred stock on a parity with or senior to the Series C Preferred Stock or equity or debt securities convertible into preferred stock with a distribution preference over the Series C Preferred Stock or additional indebtedness, could affect our ability to pay dividends on, redeem or pay the Stated Value on the Series C Preferred Stock. Similarly, the issuance of additional shares of common stock or convertible or exchangeable securities