NREF - NexPoint Real Estate Finance Inc. Announces $10.0 Million Stock Repurchase Program
DALLAS, March 9, 2020 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. (NYSE: NREF) ("NREF") announced today that its Board of Directors has authorized the repurchase of up to $10.0 million of its common stock. This authorization expires on March 9, 2022. NREF may utilize various methods to effect the repurchases, and the timing and extent of the repurchases will depend upon several factors, including market and business conditions, regulatory requirements and other corporate considerations, including whether NREF's common stock is trading at a significant discount to book value per share. Repurchases under this program may be discontinued at any time.
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.
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 repurchases of NREF's common stock. 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, the timing and amount of repurchases of NREF's common stock, if any, changes to NREF's expected liquidity position, the possibility that the repurchase program may be suspended or discontinued at any time 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.
Contacts:
NexPoint Real Estate Finance, Inc.
Investor Relations
Jackie Graham, 972-628-4024
jgraham@nexpointadvisors.com
Media Inquiries: MediaRelations@nexpointadvisors.com
SOURCE NexPoint Real Estate Finance, Inc.