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 January through March 2025. The distributions are part of the Fund's level distribution policy, with the annual distribution rate reset to 8.5% of the average NAV per share, calculated based on the final five trading days of 2024.
The distributions will be payable on January 31, February 28, and March 31, 2025, with corresponding ex-dates and record dates of January 24, February 21, and March 24, 2025, respectively.
Highland Global Allocation Fund (NYSE: HGLB) ha annunciato distribuzioni mensili di $0,088 per azione per i mesi di gennaio a marzo del 2025. Le distribuzioni fanno parte della politica di distribuzione del Fondo, con il tasso di distribuzione annuo fissato a 8,5% del NAV medio per azione, calcolato sulla base degli ultimi cinque giorni di negoziazione del 2024.
Le distribuzioni saranno pagabili il 31 gennaio, il 28 febbraio e il 31 marzo 2025, con le rispettive date ex e date di registrazione del 24 gennaio, 21 febbraio e 24 marzo 2025.
Highland Global Allocation Fund (NYSE: HGLB) ha anunciado distribuciones mensuales de $0.088 por acción para enero a marzo de 2025. Las distribuciones son parte de la política de distribución del Fondo, con la tasa de distribución anual reajustada al 8.5% del NAV promedio por acción, calculado en función de los últimos cinco días de negociación de 2024.
Las distribuciones se pagarán el 31 de enero, el 28 de febrero y el 31 de marzo de 2025, con las respectivas fechas ex y fechas de corte del 24 de enero, 21 de febrero y 24 de marzo de 2025.
하이랜드 글로벌 할당 펀드 (NYSE: HGLB)는 2025년 1월부터 3월까지 주당 $0.088의 월별 분배를 발표했습니다. 이 분배는 펀드의 고정 분배 정책의 일환으로, 연간 분배율이 2024년 마지막 5일의 거래일을 기준으로 한 주당 평균 NAV의 8.5%로 설정됩니다.
분배금은 2025년 1월 31일, 2월 28일, 3월 31일에 지급되며, 해당 ex-dates와 record dates는 각각 2025년 1월 24일, 2월 21일, 3월 24일입니다.
Highland Global Allocation Fund (NYSE: HGLB) a annoncé des distributions mensuelles de 0,088 $ par action pour la période de janvier à mars 2025. Ces distributions s'inscrivent dans la politique de distribution stable du Fonds, avec un taux de distribution annuel réajusté à 8,5% de la valeur nette d'inventaire (NAV) moyenne par action, calculé sur la base des cinq derniers jours de négociation de 2024.
Les distributions seront payables le 31 janvier, le 28 février et le 31 mars 2025, avec les dates ex et les dates d'enregistrement correspondantes du 24 janvier, 21 février et 24 mars 2025, respectivement.
Highland Global Allocation Fund (NYSE: HGLB) hat monatliche Ausschüttungen von $0,088 pro Aktie für die Monate Januar bis März 2025 angekündigt. Die Ausschüttungen sind Teil der Politik des Fonds zur gleichmäßigen Verteilung, wobei der jährliche Ausschütterat auf 8,5% des durchschnittlichen NAV pro Aktie festgelegt wird, basierend auf den letzten fünf Handelstagen des Jahres 2024.
Die Ausschüttungen werden am 31. Januar, 28. Februar und 31. März 2025 ausgezahlt, mit den entsprechenden Ex- und Stichtagen am 24. Januar, 21. Februar und 24. März 2025.
- Consistent monthly dividend distribution of $0.088 per share
- Clear distribution policy tied to 8.5% of NAV
- Scheduled distributions for Q1 2025 providing income visibility
- None.
Insights
The declaration of monthly distributions at
For investors seeking regular income, the Fund's commitment to monthly distributions through Q1 2025 offers predictable cash flows. However, it's important to understand that the distribution rate being tied to NAV means future payments could fluctuate based on the Fund's performance and market conditions. The predetermined payment schedule with consistent ex-date, record date and payable date alignment each month demonstrates strong operational efficiency and helps investors with income planning.
The
The systematic approach to distribution calculations, based on the year-end NAV average, provides transparency and reduces uncertainty about the Fund's income generation methodology. This structured distribution policy helps investors better assess the Fund's fit within their income-generating portfolio components, though they should monitor NAV sustainability to ensure distributions aren't eroding the capital base.
The following dates apply to the distributions declared:
Ex-Date | Record Date | Payable Date |
January 24, 2025 | January 24, 2025 | January 31, 2025 |
February 21, 2025 | February 21, 2025 | February 28, 2025 |
March 24, 2025 | March 24, 2025 | March 31, 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 Q1 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. It is the adviser to a suite of registered funds, including open-end mutual funds, closed-end funds, and an exchange-traded fund. 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 Griffith
IR@nexpoint.com
Media Relations
Prosek Partners for NexPoint
Pro-nexpoint@prosek.com
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SOURCE Highland Global Allocation Fund
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