NexPoint Real Estate Finance, Inc. Announces Appointment of Independent Director

Rhea-AI Summary

NexPoint Real Estate Finance, Inc. (NREF) announced the appointment of Catherine Wood as an independent director, effective July 27, 2020. The company’s chairman, James Dondero, expressed enthusiasm for Ms. Wood's unique background and fresh perspective, which is expected to enhance the board's effectiveness. Wood is the CEO and CIO of ARK Investment Management, with previous experience at AllianceBernstein and Tupelo Capital Management. NREF operates as a publicly traded REIT focused on commercial real estate financing.

Positive

• Catherine Wood's appointment brings a fresh perspective to the board.
• Wood's extensive experience in investment management could benefit NREF's strategic direction.

Negative

• None.

DALLAS, July 28, 2020 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. ("NREF" or the "Company") (NYSE: NREF) announced today the appointment of Catherine Wood as an independent director to the Company's board of directors effective July 27, 2020.

"We are very excited to welcome Ms. Wood to our board.  We believe Ms. Wood brings a fresh perspective to the board and a unique background that complements the current directors," said Chairman and Chief Executive Officer, James Dondero.

Ms. Wood is Chief Executive Officer and Chief Investment Officer of ARK Investment Management LLC ("ARK"), a registered investment adviser, which she founded in January 2014.  Prior to ARK, Cathie spent 12 years at AllianceBernstein as Chief Investment Officer of Global Thematic Strategies.  Ms. Wood joined Alliance from Tupelo Capital Management, a hedge fund she co-founded.  Prior to her tenure at Tupelo Capital, she worked for 18 years at Jennison Associates LLC as Chief Economic Officer and several other positions.  She started her career in Los Angeles at The Capital Group as an Assistant Economist.  Ms. Wood received her Bachelor of Science, summa cum laude, in Finance and Economics from the University of Southern California.  

About NREF

NexPoint Real Estate Finance, Inc., is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NREF" primarily focused on originating, structuring and investing 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.  More information about NREF is available at http://www.nexpointfinance.com.

Contact: 
Jackie Graham
Investor Relations
972-628-4024
JGraham@nexpointadvisors.com

Media Inquiries
MediaRelations@nexpointadvisors.com

 

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SOURCE NexPoint Real Estate Finance, Inc.

FAQ

Who has NexPoint Real Estate Finance appointed to its board of directors?

NexPoint Real Estate Finance has appointed Catherine Wood as an independent director.

When did Catherine Wood join the NexPoint board?

Catherine Wood joined the NexPoint board on July 27, 2020.

What experience does Catherine Wood bring to NexPoint?

Catherine Wood is the CEO and CIO of ARK Investment Management and has over 30 years of experience in investment management.

Why is Catherine Wood's appointment significant for NREF?

Her unique background and investment strategy experience are expected to enhance NREF's board dynamics and strategic direction.