Highland Global Allocation Fund Declares Monthly Distributions of $0.088 Per Share
Highland Global Allocation Fund (NYSE: HGLB) has announced monthly distributions of $0.088 per share for April through June 2025. The Fund's level distribution policy has been reset to an annual distribution rate of 8.5% of the average NAV per share, calculated based on the final five trading days of 2024.
The distributions will be payable on the following dates:
- April: Ex-Date and Record Date - April 23, 2025; Payable Date - April 30, 2025
- May: Ex-Date and Record Date - May 23, 2025; Payable Date - May 30, 2025
- June: Ex-Date and Record Date - June 23, 2025; Payable Date - June 30, 2025
Highland Global Allocation Fund (NYSE: HGLB) ha annunciato distribuzioni mensili di $0.088 per azione per il periodo da aprile a giugno 2025. La politica di distribuzione a livello del Fondo è stata ripristinata a un tasso di distribuzione annuale del 8,5% del NAV medio per azione, calcolato sulla base degli ultimi cinque giorni di negoziazione del 2024.
Le distribuzioni saranno pagabili nelle seguenti date:
- Aprile: Data Ex e Data di Registrazione - 23 aprile 2025; Data di Pagamento - 30 aprile 2025
- Maggio: Data Ex e Data di Registrazione - 23 maggio 2025; Data di Pagamento - 30 maggio 2025
- Giugno: Data Ex e Data di Registrazione - 23 giugno 2025; Data di Pagamento - 30 giugno 2025
Highland Global Allocation Fund (NYSE: HGLB) ha anunciado distribuciones mensuales de $0.088 por acción para abril a junio de 2025. La política de distribución del Fondo se ha restablecido a una tasa de distribución anual del 8.5% del NAV promedio por acción, calculado en base a los últimos cinco días de negociación de 2024.
Las distribuciones se pagarán en las siguientes fechas:
- Abril: Fecha Ex y Fecha de Registro - 23 de abril de 2025; Fecha de Pago - 30 de abril de 2025
- Mayo: Fecha Ex y Fecha de Registro - 23 de mayo de 2025; Fecha de Pago - 30 de mayo de 2025
- Junio: Fecha Ex y Fecha de Registro - 23 de junio de 2025; Fecha de Pago - 30 de junio de 2025
하이랜드 글로벌 할당 펀드 (NYSE: HGLB)는 2025년 4월부터 6월까지 주당 $0.088의 월 배당금을 발표했습니다. 펀드의 배당 정책은 2024년 마지막 5 거래일을 기준으로 주당 평균 NAV의 8.5%로 연간 배당률이 재설정되었습니다.
배당금은 다음 날짜에 지급됩니다:
- 4월: Ex-Date 및 기록일 - 2025년 4월 23일; 지급일 - 2025년 4월 30일
- 5월: Ex-Date 및 기록일 - 2025년 5월 23일; 지급일 - 2025년 5월 30일
- 6월: Ex-Date 및 기록일 - 2025년 6월 23일; 지급일 - 2025년 6월 30일
Highland Global Allocation Fund (NYSE: HGLB) a annoncé des distributions mensuelles de 0,088 $ par action pour la période d'avril à juin 2025. La politique de distribution du Fonds a été réinitialisée à un taux de distribution annuel de 8,5% de la NAV moyenne par action, calculée sur la base des cinq derniers jours de négociation de 2024.
Les distributions seront payables aux dates suivantes :
- Avril : Date Ex et Date d'Enregistrement - 23 avril 2025 ; Date de Paiement - 30 avril 2025
- Mai : Date Ex et Date d'Enregistrement - 23 mai 2025 ; Date de Paiement - 30 mai 2025
- Juin : Date Ex et Date d'Enregistrement - 23 juin 2025 ; Date de Paiement - 30 juin 2025
Highland Global Allocation Fund (NYSE: HGLB) hat monatliche Ausschüttungen von 0,088 $ pro Aktie für April bis Juni 2025 angekündigt. Die Ausschüttungspolitik des Fonds wurde auf eine jährliche Ausschüttungsquote von 8,5% des durchschnittlichen NAV pro Aktie zurückgesetzt, basierend auf den letzten fünf Handelstagen des Jahres 2024.
Die Ausschüttungen werden an folgenden Terminen ausgezahlt:
- April: Ex-Datum und Record-Datum - 23. April 2025; Auszahlungstermin - 30. April 2025
- Mai: Ex-Datum und Record-Datum - 23. Mai 2025; Auszahlungstermin - 30. Mai 2025
- Juni: Ex-Datum und Record-Datum - 23. Juni 2025; Auszahlungstermin - 30. Juni 2025
- Consistent monthly distribution schedule established for Q2 2025
- Substantial 8.5% annual distribution rate based on NAV
- None.
The following dates apply to the distributions declared:
Ex-Date | Record Date | Payable Date |
April 23, 2025 | April 23, 2025 | April 30, 2025 |
May 23, 2025 | May 23, 2025 | May 30, 2025 |
June 23, 2025 | June 23, 2025 | June 30, 2025 |
About the Level Distribution Policy
In March 2019, the Fund's Board of Trustees (the "Board") approved a level distribution policy (the "Level Distribution Policy") under which the Fund makes monthly distributions to stockholders at a constant and fixed (but not guaranteed) rate that will reset annually to a rate calculated based on the average of the Fund's NAV per share (the "Distribution Amount"), as reported for the final five trading days of the month preceding the announcement of distributions. The Distribution Amount applicable to Q2 2025 was reset based upon the results of the distribution rate calculation. The Distribution Amount applicable for future periods may be reset based upon the results of the distribution rate calculation.
There can be no guarantee that the Level Distribution Policy will be successful in its goals. The Fund's ability to maintain a stable level of distributions to shareholders will depend on a number of factors, including changes in the financial market, market interest rates, and performance of overall equity and fixed-income markets. As portfolio and market conditions change, the ability of the Fund to continue to make distributions in accordance with the Level Distribution Policy may be affected.
Shareholders have the option of reinvesting distributions in additional common shares through the Fund's Dividend Reinvestment Plan, or electing to receive cash by contacting AST, their financial adviser or their brokerage firm. Shareholders who wish to receive their distribution in cash must opt out of the Fund's Dividend Reinvestment Plan. For further information, shareholders should carefully read the description of the Dividend Reinvestment Plan in the prospectus.
The Board may amend the Level Distribution Policy, the Distribution Amount or distribution intervals, or the Fund may cease distributions entirely, at any time, without prior notice to shareholders. The announcement of, amendment to, or later termination of this Level Distribution Policy may have an adverse effect on the market price of the Fund's shares of common stock.
The Fund may at times, in its discretion, pay out less than the entire amount of net investment income earned in any particular period and may at times pay out such accumulated undistributed income in addition to net investment income earned in other periods in order to permit the Fund to maintain a stable level of distributions. As a result, the dividend paid by the Fund to shareholders for any particular period may be more or less than the amount of net investment income earned by the Fund during such period. The Fund intends to distribute all realized net long-term capital gains, if any, no more than once every twelve months.
To the extent that sufficient investment income is not available on a monthly basis, the Fund's distributions may consist of return of capital in order to maintain the distribution amount. A return of capital occurs when some or all of the money that shareholders invested in the Fund is paid back to them. A return of capital does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income.' Any such returns of capital will decrease the Fund's total assets and, therefore, could have the effect of increasing the Fund's expense ratio. In addition, the Level Distribution Policy may require the Fund to sell its portfolio securities at a less than opportune time to meet the distribution amount.
Shareholders should not make any conclusions about the Fund's investment performance from the amount of the Fund's distributions or the Fund's Level Distribution Policy. With each distribution that does not consist solely of net investment income, the Fund will issue a notice to shareholders that will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions for tax reporting purposes will depend upon the Fund's investment experience during its full fiscal year and may be subject to changes based on tax regulations. The Fund will send individual shareholders a Form 1099-DIV for each calendar year that will tell them how to report these distributions for federal income tax purposes. Please consult your tax advisor about any tax implications applicable to you in light of your particular circumstances.
About the Highland Global Allocation Fund
The Highland Global Allocation Fund ("HGLB") (NYSE: HGLB) is a closed-end fund managed by NexPoint Asset Management, L.P. For more information visit www.nexpointassetmgmt.com/global-allocation-fund.
About NexPoint Asset Management, L.P.
NexPoint Asset Management, L.P. is an SEC-registered investment adviser on the NexPoint investment platform. It is the adviser to a suite of registered open-end and close-end funds. For more information visit nexpointassetmgmt.com.
The distribution may include a return of capital. Please refer to the 19(a)-1 Source of Distribution Notice on the NexPoint Funds website for Section 19 notices that provide estimated amounts and sources of the fund's distributions, which should not be relied upon for tax reporting purposes.
No assurance can be given that the Fund will achieve its investment objectives.
Shares of closed-end investment companies frequently trade at a discount to net asset value. The price of the Fund's shares is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at, below or above net asset value. Past performance does not guarantee future results.
Investors should consider the investment objectives, risks, charges and expenses of the Highland Global Allocation Fund carefully before investing. This and other information can be found in the Fund's prospectus, which may be obtained by calling 1-866-745-0264 or visiting www.nexpointassetmgmt.com. Please read the prospectus carefully before you invest.
CONTACTS
Investor Relations
Kristen Thomas
IR@nexpoint.com
Media Relations
comms@nexpoint.com
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SOURCE Highland Global Allocation Fund