NexPoint Real Estate Finance (NREF) Announces 2M Share Public Offering

NexPoint Real Estate Finance, Inc. (NYSE: NREF) ("NREF" or the "Company") announced today it has commenced an underwritten public offering of 2,000,000 shares of its common stock.

The Company expects to grant the underwriters an option to purchase up to an additional 300,000 shares of its common stock in connection with the offering.

The Company intends to contribute the net proceeds from the offering to its operating partnership, NexPoint Real Estate Finance Operating Partnership, L.P. (the "OP"), in exchange for common limited partnership units in the OP. The OP intends to use the net proceeds from this offering to repay debt outstanding under the Company's master repurchase agreements and to make investments that fit within the Company's investment strategy. During the remainder of 2021, the Company intends to acquire life science and self-storage preferred investments and a multifamily commercial mortgage-backed security.

Raymond James, Keefe, Bruyette & Woods, A Stifel Company, and Baird are acting as the book-running managers for the offering.

The Company is making this offering pursuant to a shelf registration statement that was declared effective by the Securities and Exchange Commission (the "SEC") on March 31, 2021. This offering will be made solely by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained, when available, by visiting EDGAR on the SEC's website at www.sec.gov or from Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716, telephone (800) 248-8863, email: [email protected]; Keefe, Bruyette & Woods, A Stifel Company 787 Seventh Avenue, Fourth Floor, New York, NY 10019 (Attn: Capital Markets), telephone (800) 966-1559, email: [email protected]; or Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 East Wisconsin Avenue, Milwaukee, WI 53202, telephone (800) 792 2473, email: [email protected].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the shares, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

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