DALLAS, Feb. 25, 2020 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. (NYSE: NREF) ("NREF") announced today the closing of the issuance of an additional 350,000 shares of its common stock pursuant to the partial exercise of the underwriters' option to purchase additional shares in connection with NREF's initial public offering. NREF has now sold an aggregate of 5,350,000 shares of common stock in the offering at a price to the public of $19.00 per share, resulting in net proceeds to NREF of approximately $94.8 million, after deducting underwriting discounts and commissions.
NREF's common stock began trading on the New York Stock Exchange on February 7, 2020, under the ticker symbol "NREF".
Raymond James & Associates, Inc., Keefe, Bruyette & Woods, Inc., A Stifel Company, and Robert W. Baird & Co. Incorporated acted as the book-running managers for the offering.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on February 6, 2020 and this offering was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained by contacting: Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716, telephone (800) 248-8863, email: prospectus@raymondjames.com; Keefe, Bruyette & Woods, Inc., A Stifel Company, 787 Seventh Avenue, 4th Floor, New York, NY 10019 (Attn: Capital Markets), telephone (800) 966-1559; or Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 East Wisconsin Avenue, Milwaukee, WI 53202, telephone (800) 792 2473, email at syndicate@rwbaird.com.
About NexPoint Real Estate Finance, Inc.
NexPoint Real Estate Finance, Inc. is a commercial real estate finance company that intends to elect to be treated as a real estate investment trust. NREF's strategy is to originate, structure and invest in first mortgage loans, mezzanine loans, preferred equity and alternative structured financings in commercial real estate properties, as well as multifamily commercial mortgage backed securities.
Contacts:
NexPoint Real Estate Finance, Inc.
Investor Relations
Jackie Graham, 972-628-4024
JGraham@nexpointadvisors.com
Media Inquiries: MediaRelations@nexpointadvisors.com
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SOURCE NexPoint Real Estate Finance, Inc.
DALLAS, March 16, 2020 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. (NYSE: NREF) ("NREF") announced today that its board of directors has declared a prorated quarterly dividend of $0.2198 per share of NREF common stock, payable on March 31, 2020 to stockholders of record on March 23, 2020. The prorated dividend is a result of the timing of NREF's Initial Public Offering. Going forward, NREF expects to declare dividends on a timeline consistent with other Real Estate Investment Trusts advised by affiliates of NexPoint Advisors, L.P.
About NexPoint Real Estate Finance, Inc.
NexPoint Real Estate Finance, Inc., is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NREF" primarily focused on originating, structuring and investing in first mortgage loans, mezzanine loans, preferred equity and alternative structured financings in commercial real estate properties, as well as multifamily commercial mortgage backed securities. More information about NREF is available at http://www.nexpointfinance.com.
Cautionary Notice Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expectations, assumptions and beliefs. Forward-looking statements can often be identified by words such as "anticipate", "expect," "intend," "may" and similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, statements regarding future NREF dividends. They are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. Factors that could cause actual results to differ materially include, among other things, changes to NREF's expected liquidity position and the risk factors set forth in NREF's registration statement on Form S-11. The statements made herein speak only as of the date of this press release and except as required by law, NREF does not undertake any obligation to publicly update or revise any forward-looking statements.
Contact:
Jackie Graham
Investor Relations
JGraham@nexpointadvisors.com
972-628-4024
Media inquiries: MediaRelations@nexpointadvisors.com
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SOURCE NexPoint Real Estate Finance, Inc.