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The Highland Global Allocation Fund (NYSE: HGLB) is a diversified, closed-end management investment company managed by NexPoint Asset Management, L.P. The Fund's primary objective is to achieve long-term growth of capital and future income by investing in a diversified portfolio of U.S. and foreign equity, debt, and money market securities. It also invests in senior loans to domestic and foreign corporations, partnerships, and other entities operating across various industries and geographic regions.
In March 2019, the Fund's Board of Trustees approved a Level Distribution Policy under which it makes monthly distributions at a fixed but adjustable rate, recalculated annually based on the average net asset value (NAV) per share from the final five trading days of the year. The Fund recently declared monthly distributions of $0.084 per share for July through September 2023, and $0.081 per share for January through June 2024. Shareholders can reinvest distributions through the Fund's Dividend Reinvestment Plan or opt to receive cash.
The Fund aims to maintain a stable level of distributions and may adjust the distribution amount based on market conditions and portfolio performance. However, there is no guarantee of success, and distributions may include a return of capital, which does not necessarily reflect the Fund's investment performance.
The Highland Global Allocation Fund is committed to providing transparency to its investors by issuing notices with detailed information about the amount and composition of each distribution. The Fund's performance, risks, fees, and expenses are detailed in its prospectus, which investors are encouraged to read carefully before investing.
About NexPoint Asset Management, L.P.
NexPoint Asset Management, L.P. is an SEC-registered investment adviser offering a range of investment products, including mutual funds, closed-end funds, and an exchange-traded fund.
Highland Global Allocation Fund (NYSE: HGLB) has declared monthly distributions of $0.081 per share for October through December 2024. This declaration aligns with the Fund's level distribution policy, which has reset the annual distribution rate to 8.5% of the average NAV per share, based on the final five trading days of 2023. The distributions will be payable on October 31, November 29, and December 31, 2024, with corresponding ex-dates and record dates set for each month.
Highland Global Allocation Fund (NYSE: HGLB) announced monthly distributions of $0.081 per share for July through September 2024. The annual distribution rate is set at 8.5% of the average NAV per share from the final five trading days of 2023. The distribution dates are as follows: Ex-Dates on July 23, August 22, and September 20; Record Dates on July 24, August 23, and September 23; Payable Dates on July 31, August 30, and September 30, 2024. These distributions reflect the Fund’s commitment to providing consistent returns to its shareholders.
The Highland Global Allocation Fund (NYSE: HGLB) announced monthly distributions of $0.084 per share for April to June 2023, setting an annual distribution rate at 8.5% of the average net asset value (NAV) from late 2022. The Fund's level distribution policy allows for monthly distributions, subject to market conditions impacting investment income. Key distribution dates include April 20, May 22, and June 22, 2023. Shareholders can choose between cash payments or reinvesting distributions. Changes to the distribution policy may affect share prices, and future distributions may consist of returns on capital, potentially impacting total assets.
Highland Global Allocation Fund (NYSE: HGLB) has declared monthly distributions of $0.084 per share for January through March 2023, resetting the annual distribution rate to 8.5% of the average net asset value (NAV) per share. Key distribution dates include: Ex-Dates (January 20, February 20, March 23) and Payable Dates (January 31, February 28, March 31). The Fund's level distribution policy may require amendments based on market conditions, which could impact share prices. Shareholders can choose between cash distributions or reinvesting through a Dividend Reinvestment Plan.
The Highland Global Allocation Fund (NYSE: HGLB) announced monthly distributions of $0.081 per share for October, November, and December 2022. This distribution rate corresponds to an annual rate of 8.5% based on the Fund's net asset value (NAV) from late December 2021. Shareholders can choose to receive cash or reinvest through the Dividend Reinvestment Plan. The Fund's distribution policy may be amended or discontinued without notice, and distributions might include a return of capital, impacting total assets.
Highland Global Allocation Fund (NYSE: HGLB) announced monthly distributions of $0.081 per share for July through September 2022, equating to an annual distribution rate of 8.5% based on the average net asset value (NAV) of the Fund. The distribution schedule includes payments on July 29, August 31, and September 30, with respective ex-dates of July 21, August 23, and September 22. The Fund operates under a Level Distribution Policy, allowing for monthly distributions that may involve returns of capital. Shareholders can reinvest distributions or opt for cash.
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