8-K: NexPoint Capital Discloses May 2025 Net Asset Value and Distribution Reinvestment Plan Price

NexPoint Capital, Inc. has announced its Net Asset Value per share and the corresponding price for its Distribution Reinvestment Plan as $4.87 per share, effective May 31, 2025.

Summary

• As of May 31, 2025, NexPoint Capital, Inc.'s net asset value (NAV) per share was determined to be $4.87.
• The price at which shares are issued under the company's Distribution Reinvestment Plan (DRP) was also set at $4.87 per share for the same date.
• The DRP price is determined by the company's investment adviser in its sole discretion, ensuring it is not less than the NAV per share and not more than 2.5% greater than the NAV per share.
• This determination was made in accordance with valuation policies and procedures established by the Adviser and approved by the Board of Directors, pursuant to Rule 2a-5 under the Investment Company Act of 1940.

Sentiment

Score: 5

Explanation: The filing is a routine informational disclosure regarding the company's Net Asset Value per share and Distribution Reinvestment Plan price, without indicating any significant positive or negative operational or financial performance or unexpected events.

Risks

• The report contains forward-looking statements that are subject to inherent uncertainties in predicting future results and conditions, which could cause actual results to differ materially from projections.
• Factors that could cause actual results to differ are enumerated in the company's other filings with the Securities and Exchange Commission.

Future Outlook

The company's report includes standard forward-looking statements, indicating that future performance and operations are subject to inherent uncertainties and that actual results could differ materially from projections. The company undertakes no obligation to publicly update or revise these statements.

Management Comments

• Frank Waterhouse, Principal Financial Officer, Principal Accounting Officer and Treasurer, signed the report on behalf of NexPoint Capital, Inc.

Industry Context

This filing is a routine disclosure of Net Asset Value (NAV) for an investment company, which is a standard practice for entities like Business Development Companies (BDCs) or non-traded REITs to inform investors of their underlying asset value. The specific NAV determination reflects the company's internal valuation processes.

Stakeholder Impact

• Shareholders participating in the Distribution Reinvestment Plan (DRP) are directly impacted by the determined share price for reinvestment, which is based on the Net Asset Value per share.

Key Dates

Keywords

NexPoint Capital, Net Asset Value, NAV, Distribution Reinvestment Plan, DRP, Investment Company Act, SEC Filing, 8-K, Valuation