NexPoint Real Estate Finance, Inc.
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 27, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8.
- Subsequent Events
Dividends Declared
The Board declared a dividend to Series B Preferred stockholders of $0.1875 per share on January 15, 2025, paid on March 5, 2025, to Series B Preferred stockholders of record as of February 25, 2025.
The Board declared a dividend to Series B Preferred stockholders of $0.1875 per share on February 19, 2025 to be paid on April 7, 2025, to Series B Preferred stockholders of record as of March 25, 2025.
The Board declared the first regular quarterly dividend of 2025 to common stockholders of $0.50 per share on February 24, 2025, to be paid on March 31, 2025, to common stockholders of record on March 14, 2025.
The Board declared a dividend to Series A Preferred stockholders of $0.53125 per share on February 24, 2025, to be paid on April 25, 2025, to Series A Preferred stockholders of record on April 15, 2025.
Series B Preferred
As of February 28, 2025, since December 31, 2024, the Company has issued an additional 1,151,129 shares of Series B Preferred Stock for net proceeds of $25.9 million.
Alewife Assignment Agreement
On January 2, 2025, OP IV and OSL entered into an Assignment and Assumption and Co-Lender Agreement, pursuant to which OP IV assigned $7.5 million interest in the Alewife Loan to OSL for cash and increased OSL's allocation of the right to fund to up to 10.32% of the Alewife Loan.
IQHQ Series E Funding
On January 2, 2025, the Company funded $10.0 million of the IQHQ Subscription Agreement, and converted $10.0 million of paid in kind interest on the original IQHQ Promissory Note into IQHQ Series E Preferred Stock.
CMBS I/O Strip Purchase
On January 16, 2025, the Company purchased a CMBS I/O strip for $5.9 million.
Series B Preferred Redemptions
On January 15, 2025, January 31, 2025, February 13, 2025, March 3, 2025 and March 17, 2025, the Company redeemed a total of 12,466 shares of the Series B Preferred Stock for $0.3 million, which is the share price of $25.00 per share subject to a redemption fee of 12% or 9% for the March 17, 2025 redemption plus any accrued but unpaid dividends.
NexBank Extension
On February 13, 2025, the Company extended the maturity date of the NexBank loan to April 27, 2026.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.