NexPoint Capital Reports Higher Net Asset Value Heading Into May
The Dallas-based investment company’s per-share value climbed to $4.40 by the end of April, reflecting a modest gain from its prior month-end mark.
May 22, 2026
NexPoint Capital, Inc. has updated investors on the value of its common stock, reporting that its net asset value per share reached $4.40 as of April 30, 2026. The figure also represents the price at which the company issues new shares through its distribution reinvestment plan, known as the DRP.
The April 30 valuation marks an increase from the $4.30 per-share figure the company reported for the end of the first quarter NexPoint Capital Declares Cash Distribution, Reports Updated NAV, reflecting a gain of roughly 2.3 percent over the month of April.
How the Valuation Was Determined
The NAV was calculated using policies and procedures developed by the company’s investment adviser and approved by the board of directors. The process follows the framework set forth under Rule 2a-5 of the Investment Company Act of 1940, which establishes how registered investment companies must determine fair value for their portfolio holdings.
Pricing Mechanics for the Reinvestment Plan
The price at which shares are issued under the DRP is set by the adviser at its sole discretion, subject to a defined floor:
- The issuance price cannot fall below the most recent NAV per share determined immediately before a distribution payment.
- Unlike the company’s previous disclosure on this topic, the current update did not reiterate the prior cap that limited the issuance price to no more than 2.5 percent above NAV — describing only the lower-bound condition.
Company Background
NexPoint Capital is a Delaware-incorporated, non-traded entity headquartered in Dallas, Texas. Its common stock is not listed on any securities exchange, and the company does not currently have any securities registered under Section 12(b) of the Securities Exchange Act.
