NexPoint Capital Inc. will begin a cash tender offer to repurchase up to 2.5%, or 213,213, of its outstanding common shares.
The offer will expire at 5 p.m. ET on June 30, unless extended. The company will buy the stock for 90% of the offering price per share as of June 30 in cash, plus any unpaid dividends accrued through the expiration date, less any applicable withholding taxes and without interest.
The company is conducting the offer to provide liquidity to shareholders.
The company will use proceeds from sales under its distribution reinvestment plan to pay for shares tendered. The company may also use cash on hand, cash available from borrowings and cash from liquidation of investments to repurchase shares.
DST Systems Inc. is the tender agent.