NexPoint Real Estate Finance, Inc. Announces Quarterly and Special Dividends

Rhea-AI Summary

NexPoint Real Estate Finance, Inc. (NYSE:NREF) announced a quarterly regular dividend of $0.50 per share and a special dividend of $0.185 per share, effective March 31, 2023, for stockholders of record on March 15, 2023. The Company has approximately $0.74 of undistributed income per share from 2022, which it plans to distribute ratably throughout 2023, pending board approval. This strategic dividend declaration reflects NREF's commitment to providing returns to its shareholders while managing its income effectively.

Positive

• Quarterly regular dividend of $0.50 per share enhances shareholder income.
• Special dividend of $0.185 per share adds further value to shareholders.
• Undistributed income of $0.74 per share indicates strong financial management and potential future dividends.

Negative

• None.

DALLAS, Feb. 23, 2023 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. ("NREF" or the "Company") (NYSE: NREF) announced today that its board of directors has declared a quarterly regular dividend of $0.50 per share of NREF common stock. The Company also announced that its board of directors has declared a special dividend of $0.185 per share of NREF common stock. The Company has undistributed income from 2022 that totals approximately $0.74 per common share and intends to distribute it ratably over 2023, subject to board approval. The regular and special dividends will be payable on March 31, 2023, to stockholders of record on March 15, 2023. 

About NexPoint Real Estate Finance, Inc.

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-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties and common stock investments, as well as multifamily commercial mortgage-backed securities securitizations, multifamily structured credit risk notes and mortgage-backed securities. More information about the Company is available at http://nref.nexpoint.com.

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," "estimate," "expect," "intend," "may," "should" and similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, the Company's intent to distribute undistributed income from 2022 ratably over 2023 subject to board approval. They are not guarantees of future results and forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement as well as those described in greater detail in our filings with the Securities and Exchange Commission (the "SEC"), particularly those described in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers should not place undue reliance on any forward-looking statements and are encouraged to review NREF's other filings with the SEC for a more complete discussion of risks and other factors that could affect any forward-looking statement. 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

Investor Relations
Kristen Thomas
IR@nexpoint.com

Media Relations
Prosek Partners for NexPoint
pro-nexpoint@prosek.com

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SOURCE NexPoint Real Estate Finance, Inc.

FAQ

What are the dividend amounts for NREF in 2023?

NexPoint Real Estate Finance, Inc. announced a quarterly dividend of $0.50 per share and a special dividend of $0.185 per share.

When will the dividends for NREF be paid?

The dividends will be payable on March 31, 2023, to stockholders of record on March 15, 2023.

How much undistributed income does NREF have?

NREF has approximately $0.74 of undistributed income per share from 2022.

Will NREF continue to distribute dividends throughout 2023?

NREF intends to distribute its undistributed income ratably over 2023, subject to board approval.