NexPoint Capital, Inc. 8-K

What Happened
NexPoint Capital filed a Form 8-K (filed Feb 18, 2026) reporting that, as of January 31, 2025, its net asset value (NAV) per share — and the price used to issue shares under its distribution reinvestment plan (DRP) — was determined to be $4.43. The valuation was performed under the Adviser’s policies and procedures and in accordance with Rule 2a‑5 under the Investment Company Act of 1940.

Key Details

• NAV per share (and DRP issuance price determined): $4.43 as of January 31, 2025.
• DRP pricing policy: Adviser determines DRP issue price in its sole discretion; price will be no less than the NAV determined in good faith and no more than 2.5% above that NAV.
• Valuation framework: Determination made pursuant to the Adviser’s valuation policies approved by the Company’s Board and consistent with Rule 2a‑5.
• Filing contains customary forward‑looking statements and notes the Company is not obligated to update them.

Why It Matters
This 8-K informs investors how shares issued under NexPoint’s DRP were priced for the relevant distribution date and confirms the NAV used for that pricing. For shareholders participating in dividend reinvestment, the filing clarifies that issued shares will be priced at or up to 2.5% above the NAV determined by the Adviser, which affects the number of shares received and potential dilution. The mention of Rule 2a‑5 indicates the valuation followed established SEC-related procedures.