NexPoint Capital, Inc. 8-K

What Happened

• NexPoint Capital, Inc. filed a Form 8-K on March 11, 2026 announcing that, as of February 28, 2026, the Company's net asset value (NAV) per share and the price used to issue shares under its distribution reinvestment plan (DRP) was determined to be $4.40 per share.
• The NAV and DRP price were set in accordance with valuation policies and procedures established by the Company’s investment adviser and approved by the Board, pursuant to Rule 2a-5 under the Investment Company Act of 1940.

Key Details

• NAV and DRP issue price: $4.40 per share (as of Feb 28, 2026).
• Price determination: set by the Adviser in its sole discretion, not less than the Adviser’s good-faith NAV determination and not more than 2.5% above that NAV.
• Governance: valuation policies/procedures approved by the Board and applied under Rule 2a-5.
• Filing includes the Company’s standard forward-looking statements disclaimer.

Why It Matters

• For investors, the NAV per share directly affects the value used when dividends are reinvested through the DRP and provides a current per-share valuation reference.
• The Adviser’s discretion and the 2.5% cap mean issued DRP shares can trade at a small premium to NAV but no more than 2.5% above the good-faith NAV.
• The disclosure confirms the Company is following Rule 2a-5 valuation procedures and provides transparency about how DRP prices are set.