Company: NREF
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001437749-25-033056
Chunk: 63

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-04
Form: 424B5
Chunk 63
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, which is available from your registered representative and which will be delivered to the escrow agent. In connection with a DRS Settlement subscription, you should pay the full purchase price of the shares of Series C Preferred Stock to the escrow agent as set forth in the subscription agreement. Investors purchasing shares of Series C Preferred Stock through DTC Settlement will coordinate with their registered representatives to pay the full purchase price for their shares by the settlement date, and such payments will not be held in escrow. Subscribers may not withdraw funds from the escrow account. Subscriptions will be effective upon our acceptance, and we reserve the right to reject any subscription in whole or in part for any reason or no reason.

We have the sole right to:

| ● | determine and change the number and timing of closings, including the right to change the number and timing of closings after communicating the anticipated closing timing to participating broker-dealers; |

| ● | limit the total amount of Series C Preferred Stock sold by all participating broker-dealers per closing; |

| ● | limit the total amount of Series C Preferred Stock sold by any one participating broker-dealer per closing; and |

| ● | limit the total number of shares of Series C Preferred Stock sold by any one participating broker-dealer. |

Irrespective of whether you purchase shares of Series C Preferred Stock using DTC Settlement or DRS Settlement, by accepting such shares you will be deemed to have accepted the terms of our charter.

Subject to compliance with Rule 15c2-4 of the Exchange Act, in connection with purchases using DRS Settlement, investors may either wire funds to the escrow agent or deliver a check as set forth in the subscription agreement. Wires must be received at least 2 business days in advance, and checks must be received at least 5 business days in advance, of the applicable closing date, in each case unless otherwise provided by the dealer manager and the Company. Any subscription payments received by the escrow agent will be deposited into the Company’s special non-interest bearing escrow account until such time as we have accepted or rejected the subscription and will be held in trust for your benefit, pending our acceptance of your subscription. Subscriptions will be effective upon our acceptance, and we reserve the right to reject any subscription in whole or in part. If rejected, all funds shall be returned to the rejected subscriber within ten business days from the date of rejection. If accepted, the funds will be transferred to the Company on the next closing date. You will receive a confirmation