NexPoint Capital Launches Tender Offer for Shareholders
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NexPoint Capital Begins Tender Offer for Its Common Stock
NexPoint Capital, Inc. (the "Company"), a publicly registered business development company expertly managed by NexPoint Advisors, L.P., is set to kick off a voluntary tender offer aimed at going after up to 2.5% of its outstanding common shares. This offer is designed to provide shareholders an opportunity to sell their shares and engage directly with the Company's changing financial landscape.
Understanding the Tender Offer
The tender offer will initiate on a forthcoming date soon, aiming to allow shareholders to decide whether they want to liquidate some or all their investment. Each share will be purchased based on its net asset value ("NAV"), ensuring that shareholders receive a fair and favorable price. Specifically, the purchase price will not be less than the NAV determined by the Investment Adviser, and it will not exceed 2.5% above that NAV for shares on the repurchase date.
What Does This Mean for Shareholders?
This tender offer serves as a strategic movement by NexPoint Capital to enhance liquidity for its shareholders. By enabling them to sell their shares at a competitive price, the Company showcases its commitment to maintaining shareholder value.
Acquiring Information on the Tender Offer
To ensure transparency, the Company has filed comprehensive tender offer documents with the Securities and Exchange Commission ("SEC"). These documents detail the offer procedures and criteria. Shareholders interested in more information can request additional copies at no cost by calling the Company's Tender Agent at 1-844-485-9167.
Key Aspects of the Tender Offer Documents
The tender offer documents will provide essential insights into the operation of the tender offer, the rationale behind it, and potential benefits for shareholders. Reviewing these documents is crucial for stakeholders to make informed decisions regarding their investments.
About the Company and Its Advisors
NexPoint Capital, Inc. operates as a non-traded business development company that focuses on providing benefits to its shareholders through calculated financial strategies. The firm is managed by NexPoint Advisors, L.P., a registered investment adviser with expertise in various alternative investment vehicles.
Services Offered by NexPoint Advisors
NexPoint Advisors offers an extensive range of investment options, including closed-end funds, interval funds, and comprehensive investment management strategies tailored for both individual and institutional clients.
Reach Out for More Information
Shareholders or interested parties wanting to learn more about this tender offer or the company's future plans are encouraged to utilize the provided contact points. Whether for inquiries about the tender offer or requests for information, the Company’s dedicated team is available to assist.
Frequently Asked Questions
What is the purpose of the tender offer?
The tender offer allows shareholders the opportunity to sell a portion of their shares at a fair price, thereby providing liquidity and reinforcing shareholder value.
When will the tender offer commence?
The tender offer will begin shortly, with the exact date announced in connection with the Company’s communications to shareholders.
How can I access the tender offer documents?
Shareholders can access the tender offer documents free of charge by contacting the Company's Tender Agent or by visiting the SEC’s website.
Who manages NexPoint Capital, Inc.?
NexPoint Capital is managed by NexPoint Advisors, L.P., a registered investment adviser that specializes in various investment vehicles.
Who can I contact for more information?
For more detailed information about the tender offer, shareholders can reach out to the Tender Agent, DST Systems, Inc., at 1-844-485-9167.
About The Author
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