Company: NREF
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001437749-25-033056
Chunk: 39

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-04
Form: 424B5
Chunk 39
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 the Capital Gains Amount that will be allocable to the holders of Series C Preferred Stock will be the amount that the total dividends (as determined for U.S. federal income tax purposes) paid or made available to the holders of the Series C Preferred Stock for the year bears to the Total Dividends. The Company may elect to retain and pay income tax on its net long-term capital gains. In such a case, the holders of Series C Preferred Stock would include in income their appropriate share of the Company’s undistributed long-term capital gains, as designated by the Company.

Holders of shares of our Series C Preferred Stock are not eligible to participate in any future distribution reinvestment plan for the Company’s common stock solely by virtue of their status as holders of Series C Preferred Stock.

Redemption at Option of Holders

Beginning on the first day of the month following the date of original issuance, holders will have the right to require the Company to redeem shares of Series C Preferred Stock at a redemption price equal to the Stated Value less a redemption fee calculated thereon, plus an amount equal to accrued but unpaid cash dividends thereon, if any, to but not including the date of redemption.

The redemption fee will be equal to:

• Beginning on the first day of the month following the date of original issuance of the shares to be redeemed: 12% of the Stated Value

• Beginning on the first day of the month following the first anniversary of the date of original issuance of the shares to be redeemed: 9% of the Stated Value

• Beginning on the first day of the month following the second anniversary of the date of original issuance of the shares to be redeemed: 6% of the Stated Value

• Beginning on the first day of the month following the third anniversary of the date of original issuance of the shares to be redeemed: 3% of the Stated Value

• Beginning on the first day of the month following the fourth anniversary of the date of original issuance of the shares to be redeemed: 0% of the Stated Value

If a redemption date for a redemption at the option of the holder falls after a dividend record date and prior to the corresponding dividend payment date, each holder of record of Series C Preferred Stock at the close of business on such dividend record date will be entitled to the dividend payable on such shares on the corresponding dividend payment date notwithstanding the redemption of such shares on or prior to such dividend payment date, and each holder of Series C Preferred Stock that will be redeemed at the