Company: NREF
Filing Date: 2025-03-14
Form Type: 424B5
Source: 0001437749-25-007771
Chunk: 50

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-14
Form: 424B5
Chunk 50
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| o | responding to investors’ inquiries concerning monthly statements, distribution rates, tax information, annual reports, redemption rights and procedures, our financial status and the markets in which we have invested; |

| o | assisting investors with redemptions; and |

| o | providing other services requested by investors from time to time and maintaining the technology necessary to service investors. |

Also, NexPoint Securities may enter into referral agreements with third-party broker-dealers and reallow a portion of its dealer manager fee to such referring broker-dealers.

In addition to reallowing all or a portion of the dealer manager fee to participating broker-dealers as a non-accountable marketing allowance, the dealer manager fee will also be used for certain costs included in FINRA’s 10.0% cap, such as the cost of the following activities:

| ● | travel and entertainment expenses; |

| ● | compensation of our dealer manager’s employees in connection with wholesaling activities, including but not limited to their travel expenses, meals and lodging; |

| ● | expenses incurred in coordinating broker-dealer seminars and meetings; |

| ● | wholesaling expense reimbursements paid by NexPoint Securities or its affiliates to other entities; |

| ● | the national and regional sales conferences of the participating broker-dealers; |

| ● | training and education meetings for registered representatives of our participating broker-dealers; and |

| ● | permissible forms of non-cash compensation to registered representatives of the participating broker-dealers, such as logo apparel items and gifts that do not exceed an aggregate value of $100 per annum per registered representative and that are not pre-conditioned on achievement of a sales target (including, but not limited to, seasonal gifts). |

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.

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Sales of Series B Preferred Stock

We will not pay any selling commissions in connection with the sale of shares of Series B 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 B Preferred Stock otherwise made to a client of an investment advisor through such advisor. The amount of selling commissions payable with respect to the