Company: NREF
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001437749-25-030192
Chunk: 13

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-10-01
Form: 424B5
Chunk 13
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The following description supplements the summary of the material provisions of the Series B Preferred Stock we may offer. This description is not complete and is subject to, and is qualified in its entirety by reference to, our charter, including the Articles Supplementary establishing the Series B Preferred Stock which were filed with the State Department of Assessments and Taxation of Maryland (the“SDAT”), and the SEC on Form 8-K on November 2, 2023 and Articles Supplementary establishing the additional shares of Series B Preferred Stock filed with the SDAT on October 1, 2025 and the SEC on Form 8-K on October 1, 2025, and our bylaws and applicable provisions of Maryland law. For a more complete description of certain provisions of Maryland law, our charter and our bylaws, see“Description of Capital Stock”beginning on page 4 of the Prospectus accompanying this Prospectus Supplement and the Prior Prospectus Supplement and“Certain Provisions of Maryland Law and our Charter and Bylaws”beginning on page 17 of the Prospectus accompanying this Prospectus Supplement and the Prior Prospectus Supplement.

General

We are currently authorized to issue up to 100,000,000 shares of preferred stock, par value $0.01 per share, in one or more classes or series, of which our Board previously classified 11,300,000 shares as Series A Preferred Stock. Our Board has additionally classified 17,200,000 shares of preferred stock as Series B Preferred Stock, of which 17,200,000 have been authorized for issuance. As of the date hereof, we have issued 13,717,142 shares of Series B Preferred Stock. Accordingly, 3,482,858 shares of Series B Preferred Stock may be issued and sold in connection with this offering. Each class or series of our preferred stock will have the designations, voting powers, preferences, conversion or other rights, qualifications, limitations, restrictions, terms and conditions of redemption, and other terms as Maryland law may permit and our Board may determine by adoption of applicable articles supplementary to our charter. Our Board may, without notice to or the consent of holders of Series B Preferred Stock, authorize the issuance and sale of additional shares of Series B Preferred Stock and authorize and issue additional shares of junior stock or parity stock from time to time.

There is no established public trading market for the offered shares of Series B Preferred Stock and we do not expect a market to develop. We do not intend to apply for a listing