Company: NREF
Filing Date: 2025-03-14
Form Type: 424B5
Source: 0001437749-25-007770
Chunk: 33

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-14
Form: 424B5
Chunk 33
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 shares of common stock and shares of Series A Preferred Stock having an aggregate purchase price of $87.4 million may be issued and sold in connection with this “at the market” equity offering. The sales, if any, of shares of our common stock and/or our Series A Preferred Stock under the equity distribution agreements may be made in negotiated transactions, which may include block trades, or in transactions that are deemed to be “at the market offerings,” as defined in Rule 415 of the Securities Act, including, without limitation, sales made by means of ordinary brokers’ transactions on the NYSE, to or through a market maker at market prices prevailing at the time of sale, at prices relating to prevailing market prices or at negotiated prices based on prevailing market prices.

We may also sell some or all of the shares of our common stock and/or our Series A Preferred Stock to a sales agent as principal for its own account at a price agreed upon at the time of sale. If we sell shares of our common stock and/or our Series A Preferred Stock to a sales agent as principal, we will enter into a separate agreement setting forth the terms of such transaction, and we will describe the agreement in a separate prospectus supplement or pricing supplement.

We will report at least quarterly the aggregate number of shares of our common stock and Series A Preferred Stock sold through the sales agents under the equity distribution agreement, and the net proceeds to us from such sales and the compensation paid by us to the sales agents in connection with such sales.

In connection with the sale of our common stock and our Series A Preferred Stock on our behalf, each of the sales agents may be deemed an “underwriter” within the meaning of the Securities Act, and the compensation paid to the sales agents may be deemed to be underwriting discounts or commissions. We have agreed to indemnify each of the sales agents against specified liabilities, including liabilities under the Securities Act, or to contribute to payments that the sales agents may be required to make because of those liabilities.

The sales agents will not sell Series A Preferred Stock at a price higher than the Series A Maximum Price. “Series A Maximum Price” meant, through July 24, 2024, the product of (i) $25.00 plus any accrued and unpaid dividends per share to, but excluding, the date of sale and (ii) the sum of (A) 1.0 and (B) (x) the number of complete years until July 24, 2025 remaining at the date of sale multiplied by (