Company: NREF
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001437749-25-033056
Chunk: 58

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-04
Form: 424B5
Chunk 58
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including, but not limited to, seasonal gifts). FINRA has proposed increasing this $100 limit, and the permissible amount may be adjusted by FINRA from time to time. |

If the selling commissions and dealer manager fees reallowed to participating broker-dealers are insufficient to cover these costs, then we or our affiliates will pay such costs. However, in no event will such costs together with selling commissions, dealer manager fees and permissible forms of non-cash compensation, and all other forms of underwriting compensation, exceed FINRA’s 10.0% cap.

Sales of Series C Preferred Stock

We will not pay any selling commissions in connection with the sale of shares of Series C Preferred Stock to investors whose contracts for investment advisory and related brokerage services include a fixed or “wrap” fee feature or sales of shares of Series C Preferred Stock otherwise made to a client of an investment advisor through such advisor. The amount of selling commissions payable with respect to the sale of their shares of Series C Preferred Stock may be reduced or eliminated (i) if the investor has engaged the services of a registered investment advisor or other financial advisor who will be paid compensation for investment advisory services or other financial or investment advice, or (ii) if the investor is investing through a bank trust account with respect to which the investor has delegated the decision-making authority for investments made through the account to a bank trust department. A dealer manager fee will still be charged in these fixed or “wrap” fee arrangements. The dealer manager reserves the right, in its sole discretion, to waive or reduce the dealer manager fee in connection with these sales or otherwise. In the event that an investor purchases shares of Series C Preferred Stock net of selling commissions and/or the dealer manager fee is waived or reduced, the net proceeds to us will not be affected, and each share of Series C Preferred Stock sold pursuant to this arrangement will have an initial Stated Value of $25.00. Further, such reductions will have no effect on the amount of any distributions to be received by the investor, nor on the amount of any redemption fees to be paid by the investor.

In the event our dealer manager enters into a participating broker-dealer agreement that provides for less than a 7.0% selling commission to be paid to the participating broker-dealer, we will reduce the public offering price per share of Series C Preferred Stock in this offering on sales made by such participating broker-dealer by an amount equal to the reduction in commissions paid to such participating broker-dealer as exemplified in the table below. Selling