Company: NREF
Filing Date: 2025-03-14
Form Type: 424B5
Source: 0001437749-25-007771
Chunk: 39

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-14
Form: 424B5
Chunk 39
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 the option of the Company unless all outstanding shares of Series B Preferred Stock are simultaneously redeemed, and (ii) the Company will not purchase or otherwise acquire directly or indirectly for any consideration, nor will any monies be paid to or be made available for a sinking fund for the redemption of, any shares of Series B Preferred Stock (except by conversion into or exchange for shares of, or options, warrants or rights to purchase or subscribe for shares of, Junior Stock); provided, however, that the foregoing will not prevent the redemption or purchase by the Company of shares of Series B Preferred Stock pursuant to Article VII of the charter or otherwise in order to ensure that the Company remains qualified as a REIT for U.S. federal income tax purposes or the purchase or acquisition of shares of Series B Preferred Stock pursuant to a purchase or exchange offer made on the same terms to all holders of Series B Preferred Stock.

If a redemption date for a redemption at the option of the Company falls after a dividend record date and prior to the corresponding dividend payment date, each holder of record of Series B Preferred Stock at the close of business on such dividend record date will be entitled to the dividend payable on such shares on the corresponding dividend payment date notwithstanding the redemption of such shares on or prior to such dividend payment date, and each holder of Series B Preferred Stock that will be redeemed at the option of the Company will be entitled to an amount equal to the dividends accruing after the end of the Series B Cash Dividend Period to which such dividend payment date relates, up to but not including, the redemption date.

Notwithstanding the foregoing, the Company may redeem or purchase shares of Series B Preferred Stock at any time to ensure that it continues to meet the requirements for qualification as a REIT pursuant to Article VII of its charter. If the Company calls for redemption of any shares of Series B Preferred Stock pursuant to and in accordance with Article VII of the charter, then the redemption price will be an amount equal to the liquidation preference per share, plus an amount equal to accrued but unpaid cash dividends on the Series B Preferred Stock, if any, to but not including the date of redemption, subject to any restrictions or limitations contained in Article VII of the charter. The Company will not be required to provide advanced notice to the holder of Series B Preferred Stock in the event such holder’s Series B Preferred Stock is redeemed in order for the Company to qualify or maintain the qualification of the Company as a REIT for U.S. federal income tax purposes.

Subject to applicable law and the limitation on purchases