Company: NREF
Filing Date: 2025-03-14
Form Type: 424B5
Source: 0001437749-25-007771
Chunk: 88

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-14
Form: 424B5
Chunk 88
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 warrants. You should read the applicable warrant certificate, the applicable warrant agreement and any applicable prospectus supplement in their entirety.

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General

The prospectus supplement relating to any warrants that we may offer will contain the specific terms of the warrants. These terms may include the following:

| • | the title of the warrants; |

| • | the price or prices at which the warrants will be issued; |

| • | the designation, amount and terms of the securities for which the warrants are exercisable; |

| • | the designation and terms of the other securities, if any, with which the warrants are to be issued and the number of warrants issued with each other security; |

| • | the aggregate number of warrants offered; |

| • | any provisions for adjustment of the number or amount of securities receivable upon exercise of the warrants or the exercise price of the warrants; |

| • | the price or prices at which the securities purchasable upon exercise of the warrants may be purchased; |

| • | any provisions providing for changes to or adjustments in the exercise price; |

| • | if applicable, the date on and after which the warrants and the securities purchasable upon exercise of the warrants will be separately transferable; |

| • | a discussion of any material U.S. federal income tax considerations applicable to the holding and/or exercise of the warrants; |

| • | the date on which the right to exercise the warrants will commence, and the date on which the right will expire; |

| • | the maximum or minimum number of warrants that may be exercised at any time; |

| • | if the warrants are subject to redemption or call, the material terms thereof; |

| • | information with respect to book-entry procedures, if any; and |

| • | any other terms of the warrants, including terms, procedures and limitations relating to the exchange and exercise of the warrants. |

Exercise of Warrants

Each warrant will entitle the holder of the warrant to purchase for cash the amount of common stock or preferred stock at the exercise price stated or determinable in the applicable prospectus supplement for the warrants. Warrants may be exercised at any time up to the close of business on the expiration date shown in the applicable prospectus supplement, unless otherwise specified in such prospectus supplement.

After the close of business on the expiration date, unexercised warrants will become void. Warrants may be exercised as described in the applicable prospectus supplement. When the warrant holder makes