InPoint board rejects West 4 Capital's mini-tender at $7.65/share, 53.6% below NAV

InPoint Commercial Real Estate Income, Inc.

West 4 Capital LP offers to buy up to 375,000 InPoint Class P common shares at $7.65 each.
Board unanimously recommends rejection; price is ~53.6% below Sept. 30, 2024 NAV of $16.4883.
Stockholders who tender lose future distributions (current annual rate $1.25/share).
No director or executive officer intends to tender shares in the West 4 offer.
Company notes its share redemption plan is suspended; urges individual stockholder evaluation.

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