Company: NREF
Filing Date: 2025-03-14
Form Type: 424B5
Source: 0001437749-25-007771
Chunk: 79

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-14
Form: 424B5
Chunk 79
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 our common stock, based on the closing price per share of our common stock for the single trading day prior to the date of redemption. Any such redemption may be made conditional on such factors as may be determined by our board of directors and as set forth in the notice of redemption.

| • | Voting Rights. Holders of Series B Preferred Stock generally have no voting rights. The authorization or creation of, or increase in the number of shares of stock ranking senior to the Series B Preferred Stock as to distribution rights and rights upon our liquidation, dissolution or winding up cannot be made without the affirmative vote of holders of at least two-thirds of the outstanding shares of Series A Preferred Stock, Series B Preferred Stock and all other classes or series of our preferred stock upon which like voting rights have been conferred and are exercisable, voting together as a single class. In addition, we may not amend, alter or repeal the provisions of our charter (including the articles supplementary establishing the Series B Preferred Stock), whether by merger, consolidation, conversion or otherwise, in each case in such a way that would materially and adversely affect any right, preference, privilege or voting power of the Series B Preferred Stock or the holders thereof without the affirmative vote of the holders of at least two-thirds of the outstanding shares of Series B Preferred Stock at the time (voting as a separate class). |

| • | Preemptive Rights. Holders of our Series B Preferred Stock have no preemptive rights to subscribe for any securities of the Company. |

| • | Change of Control. Upon certain changes of control (as defined in the terms of the Series B Preferred Stock) the Company will have the right (but not the obligation) to redeem all or some portion of outstanding shares of Series B Preferred Stock, on a date specified by the Company no later than 120 days after the first date on which such change of control occurred, in cash at a redemption price equal to 100% of the liquidation preference, plus an amount equal to accrued but unpaid cash dividends thereon, if any, to but not including the date of redemption. Any such redemption may be made conditional on such factors as may be determined by the Board and as set forth in the notice of redemption. |

For additional information regarding our Series B Preferred Stock, see the Prospectus Supplement filed with the SEC on November 2, 2023. See “Where You Can Find More Information.”

Power to Increase or Decrease Authorized Shares of Stock, Reclassify Unissued Shares of Stock and Issue Additional Shares