NREF - NexPoint Real Estate Finance: A New 8.50% mREIT Preferred Stock IPO

Introduction

NexPoint Real Estate Finance (NREF) is a mortgage REIT whose initial public offering on the NYSE was launched at the end of January this year. Now, only 6 months later, the company is also launching its first preferred stock IPO.

The New Issue

Before we submerge into our brief analysis, here is a link to the 424B4 Filing by NexPoint Real Estate Finance, Inc - the prospectus.

Source: SEC.gov

For a total of 2.3M shares issued, the total gross proceeds to the company are $57.5M. You can find some relevant information about the new

Read more ...