Company: NREF
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001437749-25-033056
Chunk: 85

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-04
Form: 424B5
Chunk 85
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 by our Board, of $25.00 per share, subject to appropriate adjustment in relation to any recapitalizations, stock dividends, stock splits, stock combination, reclassifications or other similar events which affect the Series B Preferred Stock (the “liquidation preference”), plus an amount equal to all accrued and unpaid dividends to, but not including, the date of payment, pari passu with the holders of shares of our Series A Preferred Stock and any other class or series of our capital stock ranking on parity with the Series B Preferred Stock as to the liquidation preference and/or accrued but unpaid dividends they are entitled to receive. |

| • | Redemption Provisions. The shares of our Series B Preferred Stock are not redeemable by the holders thereof prior to the first day of the month following the date of original issuance. On the first day of the month following the date of original issuance, subject to certain redemption limits, holders will have the right to require us to redeem shares of Series B Preferred Stock at a redemption price equal to the liquidation preference less a redemption fee calculated thereon, plus an amount equal to all accrued and unpaid cash dividends to, but not including, the date of redemption. The redemption fee will be equal to: |

| • | Beginning on the first day of the month following the date of original issuance of the shares to be redeemed: 12% of the liquidation preference |

| • | Beginning on the first day of the month following the first anniversary of the date of original issuance of the shares to be redeemed: 9% of the liquidation preference |

| • | Beginning on the first day of the month following the second anniversary of the date of original issuance of the shares to be redeemed: 6% of the liquidation preference |

| • | Beginning on the first day of the month following the third anniversary of the date of original issuance of the shares to be redeemed: 3% of the liquidation preference |

| • | Beginning on the first day of the month following the fourth anniversary of the date of original issuance of the shares to be redeemed: 0% of the liquidation preference. |

In addition, subject to certain restrictions, we will redeem upon notice from the holder shares of Series B Preferred Stock, beginning on the first day of the month following the first anniversary of the date of original issuance of such shares, held by a natural person upon his or her death or upon his or her suffering a qualifying disability, including shares held through a revocable grantor trust, or an IRA