NexPoint Capital Announces $8.41 NAV Effective January 2, 2020
January 3, 2020
Effective January 2, 2020, the board of directors (the “Board”) of NexPoint Capital, Inc. (the “Company”) approved the determination of the Company’s net asset value per share and the price at which the Company issues shares under its distribution reinvestment plan (the “DRP”) at $8.41 per share. As previously disclosed by the Company, the price at which shares are issued under the DRP is determined by the Board or a committee thereof, in its sole discretion, and is (i) not less than the net asset value per share determined in good faith by the Board or a committee thereof, in its sole discretion, immediately prior to the payment of the distribution (the “NAV Per Share”) and (ii) not more than 2.5% greater than the NAV Per Share as of such date.
Effective November 27, 2019, the Board approved the NAV at $8.29 per share. Effective October 30, 2019, the Board approved the NAV at $8.45 per share. Effective October 2, 2019, the Board approved a $8.58 NAV per share. Effective August 28, 2019, the Board approved a $8.42 NAV per share. Effective July 31, 2019, the Board approved a $8.61 NAV per share.
NexPoint Capital, Inc. is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). As of September 30, 2019, the Company had total assets of $133.87 million. As of September 30, 2019, the Company’s investments consisted of senior secured loans, unsecured loans, bonds, asset-backed securities, mortgage-backed securities, common stocks, LLC interests, preferred stocks, a closed-end mutual fund, a total return swap (“TRS”) and rights and warrants, which may be purchased for a fraction of the price of the underlying securities.
Source: SEC
