Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thu, April 25, 8:34 PM
This Slide: #6 of 620 |
Slide #6. NexPoint Real Estate Finance, Inc. — Preferred Stock Offering
Company:
NexPoint Real Estate Finance, Inc. (NYSE:NREF)
Date announced:
11/2/2023
Shares Offered:
16,000,000
Date of Pricing:
11/2/2023
Price Per Share:
$25.00
Preferred Stock Offering Details:
NexPoint Real Estate Finance, Inc. (NYSE: NREF) ("NREF" or the "Company") announced today the launch of a continuous public offering of up to 16,000,000 shares of its new designated 9.0% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock") at a price to the public of $25.00 per share, for gross proceeds of $400 million.1
NexPoint Real Estate Finance is a holding company. Through its subsidiaries, Co. is a commercial mortgage real estate investment trust. Co. is focused on originating, structuring and investing in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties and common stock investments, as well as multifamily commercial mortgage-backed securities securitizations (CMBS securitizations), multifamily structured credit risk notes and mortgage-backed securities, or its target assets. Co.'s portfolio includes senior pooled mortgage loans backed by single family rental properties and the junior most bonds of multifamily CMBS securitizations.
Preferred: NREF.PRA
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Hold (2.50 out of 4) 12nd percentile
(ranked lower than approx. 88% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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