NexPoint Capital Announces $6.49 NAV
October 19, 2021 | James Sprow | Blue Vault
Effective October 18, 2021, the board of directors of NexPoint Capital, Inc. 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 $6.49 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 and (ii) not more than 2.5% greater than the NAV Per Share as of such date.
The September 22, 2021, NAV per share was announced at $6.55. The NAV as of January 21, 2021, was $6.13. Since Q3 2020 the BDC has been paying quarterly distributions at the rate of $0.09 per share or $0.36 annually. Based upon the last offering price of $10.75 per share, this represents a distribution yield of 3.35%.
NexPoint Capital, Inc. is a non-traded business development company (“BDC”) that seeks to provide investors access to the unique opportunities offered by the historic changes to our nation’s healthcare economy as a result of significant demographic and governmental changes.
Primarily through debt investments in middle market companies (annual revenue between $50 million and $2.5 billion) and larger private healthcare companies, NexPoint Capital provides investors an opportunity to invest in the growing American healthcare economy through a professionally managed alternative investment vehicle.
Sources: SEC, NexPoint Capital website
