DALLAS, May 17, 2024
/PRNewswire/ -- NexPoint Capital, Inc. (the "Company"), a
non-traded publicly registered business development company
sponsored and managed by NexPoint Advisors, L.P., today announced
that it will commence a voluntary tender offer on or about
May 17, 2024 (the "Tender Offer") for
up to 2.5% of its outstanding common stock ("Shares").
The purchase price of each Share will be (i) not less than the
net asset value ("NAV") per Share of the Company's common stock
("NAV Per Share") (as determined in good faith by the board of
directors of the Company or a committee thereof, in its sole
discretion) next calculated following the Expiration Date (as
defined in the Offer to Purchase) (the date of repurchase) and (ii)
not more than 2.5% greater than the NAV Per Share as of such date,
plus any unpaid dividends accrued through the expiration date of
the Tender Offer.
This announcement is not a recommendation, an offer to purchase
or a solicitation of an offer to sell Shares of the Company. The
Company has filed with the Securities and Exchange Commission
("SEC") a tender offer statement on Schedule TO and related
exhibits, including an offer to purchase, a related letter of
transmittal, and other related documents (the "Tender Offer
Documents"). The Tender Offer Documents will be sent by mail to
holders of the Shares. Shareholders of the Company may obtain
additional copies of the Tender Offer Documents for the Company,
without charge, by contacting the Tender Agent for the Tender
Offer, DST Systems, Inc., at 1-844-485-9167. Shareholders can also
obtain the Tender Offer Documents free of charge on the SEC's
website at www.sec.gov. Shareholders should read these documents
and related exhibits, as the documents contain important
information about the Company's Tender Offer.
Tender Offer Questions and Additional Information
Any questions regarding the Tender Offer can be directed to the
Company's Tender Agent, DST Systems, Inc.,
at 1-844-485-9167. The Company's NAV Per Share,
$5.30 as of April 18, 2024, (the last Board-approved NAV), as
well as other information, including information about management
and the healthcare-focused investment strategy, are available
at www.nexpoint.com. The information on or accessible through
www.nexpoint.com is not incorporated by reference herein.
About NexPoint Capital, Inc.
NexPoint Capital, Inc. is a non-traded, publicly registered
business development company sponsored and managed by NexPoint
Advisors, L.P.
About NexPoint Advisors, L.P.
NexPoint Advisors, L.P. ("NexPoint Advisors") is an
SEC-registered adviser on the NexPoint alternative investment
platform ("NexPoint"). NexPoint Advisors serves as the adviser to a
suite of funds and investment vehicles, including a closed-end
fund, interval fund, business development company ("BDC"), and
various real estate vehicles. For more information visit
www.nexpoint.com.
Except for the historical information and discussions
contained herein, statements contained in this news release
constitute forward-looking statements. These statements may involve
a number of risks, uncertainties, and other factors that could
cause actual results to differ materially, including the
performance of financial markets, the investment performance of
NexPoint Advisors' sponsored investment products, general economic
conditions, future acquisitions, competitive conditions, and
government regulations, including changes in tax laws. Readers
should carefully consider such factors. Further, such
forward-looking statements speak only on the date at which such
statements are made. NexPoint Advisors undertakes no obligation to
update any forward-looking statements to reflect events or
circumstances after the date of such statement.
This material has been distributed for informational purposes
only and should not be considered as investment advice or a
recommendation of any particular security, strategy, or investment
product. Neither the Company, nor the Company's Board of Directors,
nor NexPoint Advisors makes any recommendation as to whether to
tender or not to tender any Shares in the Tender Offer. No part of
this material may be reproduced in any form, or referred to in any
other publication, without express written permission.
Contact Information for Tender Offer:
Financial Advisors: (855) 498-1580
Shareholders: (844) 485-9167
Media Relations: Pro-nexpoint@prosek.com
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SOURCE NexPoint Capital, Inc.