Company: NREF
Filing Date: 2025-03-14
Form Type: 424B5
Source: 0001437749-25-007770
Chunk: 1

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-14
Form: 424B5
Chunk 1
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 of common stock and shares of Series A Preferred Stock having an aggregate purchase price of $87.4 million may be issued and sold pursuant to the 2023 Registration Statement. From and after the date hereof, our common stock and Series A Preferred Stock will be offered, issued and sold pursuant to the 2023 Registration Statement. No further sales will be made under the 2022 Registration Statement. No other changes have been made to the ATM Program.

Shares of our common stock and shares of our Series A Preferred Stock are listed on the New York Stock Exchange, or the NYSE, under the symbol “NREF” and “NREF-PRA,” respectively. On March 13, 2025, the last reported sale price of our common stock and Series A Preferred Stock on the NYSE was $16.13 per share and $23.26 per share, respectively.

Sales of shares of our common stock or our Series A Preferred Stock, if any, under this prospectus supplement and the accompanying prospectus may be made in transactions that are deemed to be “at the market” offerings, as defined in Rule 415 under the Securities Act of 1933, as amended, or the Securities Act, including, without limitation, sales made by means of ordinary brokers’ transactions on the NYSE, to or through a market maker at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices based on prevailing market prices. The sales agents are not required, individually or collectively, to sell any specific number of shares or dollar amount of our common stock or our Series A Preferred Stock, but each sales agent will use commercially reasonable efforts consistent with its normal trading and sales practices to sell shares of our common stock and Series A Preferred Stock on terms mutually agreeable to the sales agent and us. We also may sell shares of our common stock or Series A Preferred Stock to a sales agent as principal for its own account at a price agreed upon at the time of sale. If we sell shares of our common stock or our Series A Preferred Stock to a sales agent as principal, we will enter into a separate agreement setting forth the terms of such transaction, and we will describe any such agreement in a separate prospectus supplement or pricing supplement. See “Plan of Distribution” included in this prospectus supplement.

Each sales agent will be entitled to compensation that will not exceed, but may be lower than, 1.5% of the gross sales price per share for any shares of our common stock and our