Company: NREF
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001437749-25-033056
Chunk: 66

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-04
Form: 424B5
Chunk 66
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 all broker-dealer recommendations made to retail customers in their states. The impact of Reg BI and state fiduciary standards on participating broker-dealers cannot be determined at this time, as little administrative or case law exists under Reg BI and state fiduciary standards and the full scope of their applicability is uncertain and subject to evolving regulatory guidance.

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Minimum Purchase Requirements

For your initial investment in shares of Series C Preferred Stock, you must invest at least $5,000, but purchases of less than $5,000 may be made in the sole discretion of our dealer manager. In order to satisfy the minimum purchase requirement for retirement plans, unless otherwise prohibited by state law, spouses may jointly contribute funds from their separate IRAs. You should note that an investment in shares of Series C Preferred Stock will not, in itself, create a retirement plan and that, in order to create a retirement plan, you must comply with all applicable provisions of the Code.

Selling Restrictions

No action has been taken in any jurisdiction (except in the United States) that would permit a public offering of shares of Series C Preferred Stock, or the possession, circulation or distribution of this prospectus supplement, the accompanying prospectus or any other material relating to us or the Series C Preferred Stock where action for that purpose is required. Accordingly, the Series C Preferred Stock may not be offered or sold, directly or indirectly, and neither this prospectus supplement, the accompanying prospectus, nor any other offering material or advertisements in connection with Series C Preferred Stock may be distributed or published, in or from any non-U.S. jurisdiction except in compliance with any applicable rules and regulations of any such non-U.S. jurisdiction.

Liquidity of Prior Vehicles

FINRA Rule 2310(b)(3)(D) requires that we disclose the liquidity of prior direct participation programs or REITs sponsored by our Sponsor, in which disclosed in the offering materials was a date or time period at which the program might be liquidated, and whether the prior program(s) in fact liquidated on or around that date and time or during the time period. In addition to us, our Sponsor has previously sponsored the following other direct participation programs or REITs: NexPoint Diversified Real Estate Trust, Inc., NexPoint Capital, Inc., NexPoint Multifamily Capital Trust, Inc., VineBrook Homes Trust, Inc., and NexPoint Homes Trust, Inc.

NexPoint Diversified Real Estate Trust, Inc. is