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
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SOURCE NexPoint Real Estate Finance, Inc.