Company: NREF
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001437749-25-033056
Chunk: 50

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-04
Form: 424B5
Chunk 50
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 for our debts and other liabilities, a liquidation preference equal to the Stated Value of $25.00 per share, subject to appropriate adjustment in relation to any recapitalizations, stock dividends, stock splits, stock combinations, reclassifications or other similar events which affect the Series C Preferred Stock, plus an amount equal to accrued but unpaid cash dividends thereon, if any, to but not including the date of payment, pari passu with the holders of shares of our Series A Preferred Stock, our Series B Preferred Stock and any other class or series of our capital stock ranking on parity with the Series C Preferred Stock as to the liquidation preference and/or accrued but unpaid dividends they are entitled to receive.

If the assets of the Company legally available for distribution to stockholders are insufficient to pay in full the liquidating distributions on all outstanding shares of Series C Preferred Stock and the corresponding amounts payable on all outstanding shares of any class or series of Parity Stock, then all assets distributed to the holders of the Series C Preferred Stock and any class or series of Parity Stock will be distributed pro rata so that the amount of assets distributed per share of Series C Preferred Stock and such class or series of Parity Stock will in all cases bear to each other the same ratio that the liquidating distributions per share on the Series C Preferred Stock and such class or series of Parity Stock bear to each other.

After payment of the full amount of the liquidating distributions to which they are entitled, the holders of shares of our Series C Preferred Stock will have no right or claim to any of our remaining assets. Our consolidation or merger with or into another entity, the consolidation or merger of another entity with or into us, a statutory share exchange by us or a sale, lease, transfer or conveyance of all or substantially all of our property or business will not be deemed to constitute a liquidation, dissolution or winding-up of our affairs.

Voting Rights

Holders of our Series C Preferred Stock have no voting rights, except as set forth in the Articles Supplementary establishing the Series C Preferred Stock.

So long as any shares of Series C Preferred Stock remain outstanding, we will not:

| ● | authorize or create, or increase the authorized or issued amount of, any class or series of our capital stock expressly designated as ranking senior to the Series C Preferred Stock as to distribution rights and rights upon our liquidation, dissolution or winding up, or reclassify any authorized shares of our capital stock into any such shares, or create, authorize or issue any obligations