NexPoint Capital BDC Maintains $0.09 Distribution as NAV Falls to $4.30

NexPoint Capital Inc., a publicly registered nontraded business development company sponsored and advised by NexPoint Advisors L.P., declared a $0.09 per share cash distribution for common shareholders even as the company’s net asset value has declined steadily since year-end 2025.

Shareholders of record as of March 31, 2026, are eligible for the payout, which was scheduled to be distributed today, April 13, 2026.

As of March 31, the company’s NAV per share was $4.30.

The $4.30 NAV per share represented a 1.1% decline from $4.35 on March 23, which itself was a 1.1% decline from $4.40 as of Feb. 28. Over that roughly five-week span, the company’s NAV declined approximately 2.27%.

At the end of January, the BDC’s NAV per share stood at $4.43, already down from $4.60 at year-end 2025, per prior AltsWire coverage.

The declining NAV directly impacts the BDC’s distribution reinvestment plan, or DRIP. Under the current policies approved by the board and the investment adviser, the price for shares issued via the DRIP is set at the discretion of the adviser, the price for shares issued through the DRIP must be no less than the current NAV per share and no more than 2.5% above it.

For the current period, the DRIP issuance price has been set at $4.30 per share, matching the latest NAV.

The valuation was conducted in accordance with Rule 2a-5 under the Investment Company Act of 1940, which governs how investment advisers determine fair value in good faith.

In February 2026, the company launched a tender offer to repurchase up to 1% of its outstanding common stock and provide a limited “exit ramp” or liquidity for shareholders. That repurchase was tied to the $4.43 NAV per share.

NexPoint Capital remains heavily focused on healthcare-related investments. This strategy is designed to capitalize on demographic shifts – targeting an aging population that requires specialized medical facilities and senior housing – and often features longer lease terms and recession-resistant tenants compared to traditional retail or office space.

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