Company: NREF
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001437749-25-033056
Chunk: 52

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-04
Form: 424B5
Chunk 52
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, including our Series A Preferred Stock and Series B Preferred Stock, are entitled to vote together as a single class on any matter, such holders of the Series C Preferred Stock and the shares of the other class or series of our Parity Stock, including the Series A Preferred Stock and Series B Preferred Stock, will have one vote for each $25.00 of liquidation preference or Stated Value, as applicable.

Liquidity Events

The purchase of shares of our Series C Preferred Stock is intended to be a long term investment. There is currently no public trading market for shares of our Series C Preferred Stock, and one may never exist. As a result, our shares of Series C Preferred Stock should be considered as having only limited liquidity and may be illiquid. If you sell your stock, any such sales may be made at a loss.

Exchange Listing

We do not plan on making an application to list the shares of our Series C Preferred Stock on the NYSE, the NYSE Texas any other national securities exchange or any other nationally recognized trading system.

Restrictions on Ownership and Transfer

For information regarding restrictions on ownership and transfer of the Series C Preferred Stock, see “Description of Capital Stock—Restrictions on Ownership and Transfer” in the accompanying prospectus.

The Articles Supplementary establishing the Series C Preferred Stock provide that the ownership and transfer limitations described in “Description of Capital Stock-Restrictions on Ownership and Transfer” in the accompanying prospectus apply to ownership and transfer of shares of Series C Preferred Stock pursuant to Article VII of our charter, under which, among other things, shares of Series C Preferred Stock owned by a stockholder in excess of an ownership limit will be transferred to a charitable trust and may be purchased by us under certain circumstances. Our Board may, in its sole discretion, exempt a person from an ownership limit, as described in “Description of Capital Stock—Restrictions on Ownership and Transfer” in the accompanying prospectus.

Ownership limits also apply to shares of our common stock. See “Description of Capital Stock—Restrictions on Ownership and Transfer” in the accompanying prospectus. Notwithstanding any other provision of the Series C Preferred Stock, no holder of shares of the Series C Preferred Stock is entitled to receive shares of our common stock upon the redemption of the holder’s Series C Preferred Stock to the extent that receipt of our common stock would cause such holder or any other person to exceed the ownership limits contained in our charter.

Preemptive Rights

No holders of Series C Preferred Stock will, as the holders thereof, have any