DALLAS, Sept. 25, 2020 /PRNewswire/ -- Highland
Capital Management Fund Advisors, L.P. ("HCMFA") today announced
recent updates to the portfolio management team for the Highland
Income Fund (NYSE: HFRO) ("HFRO" or the "Fund"), effective
September 22, 2020. Joseph Sowin joins the portfolio management team
for the Fund. With this appointment, Mr. Sowin will oversee the
Fund's investment activities alongside current portfolio manager
James Dondero.
Jon Poglitsch will no longer
serve as portfolio manager following his resignation from the firm
to pursue other opportunities. Prior to his departure, Mr.
Poglitsch worked with Mr. Dondero and other members of the
investment team, including Mr. Sowin, to ensure a seamless
transition.
Mr. Sowin joined Highland in 2010. In addition to his role as a
portfolio manager for the Fund, Mr. Sowin serves as the co-chief
investment officer for the Highland Capital Management investment
platform ("Highland"), overseeing investment activities including
relationship management, credit and equity research, trading, and
risk management. He previously served as head of global equity
trading and continues to manage the firm's trading operations as
co-CIO with a focus on driving information flow across investment
teams and with the firm's counterparties.
Over his 10-year career at Highland, Mr. Sowin has been involved
in investment operations and portfolio management activities for a
range of investment vehicles and strategies. He has also served on
various committees that support the Highland's investment
operations, including the pricing, research, and brokerage
committees, and has led working groups to evaluate and optimize
resource allocation.
With experience operating across the investment platform and the
ability to bring together Highland's diverse skillsets to promote
idea generation, Mr. Sowin is a valuable addition to the Fund's
portfolio management team.
About the Highland Income Fund
The Highland Income Fund (NYSE: HFRO) is a closed-end fund
managed by Highland Capital Management Fund Advisors, L.P., an
adviser on the Highland Capital Management alternative investment
platform. Launched in 2000, HFRO aims to provide a high level of
current income, consistent with preservation of capital. For more
information visit www.highlandfunds.com/income-fund.
Shares of closed-end investment companies frequently trade
at a discount to NAV. 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.
About Highland Capital Management Fund Advisors, L.P.
Highland Capital Management Fund Advisors, L.P. ("HCMFA") is an
investment adviser on Highland Capital Management's
multibillion-dollar global alternative investment platform. HCMFA
is the adviser to a suite of registered funds, including open-end
mutual funds, closed-end funds, and an exchange-traded fund
("ETF"). Covering a range of asset classes and strategies, the
funds draw on Highland's investment capabilities, which include
high-yield credit, public equities, real estate, private equity and
special situations, structured credit, and sector- and
region-specific verticals built around specialized teams. For more
information visit www.highlandfunds.com.
Before investing in the Fund, you should carefully
consider the Fund's investment objectives, risks, charges, and
expenses. For a copy of a prospectus or summary prospectus, which
contains this and other information, please visit our website
at www.highlandfunds.com or call 1-800-357-9167.
Please read the fund prospectus carefully before
investing.
Media Contact
Lucy
Bannon
1-972-419-6272
lbannon@highlandcapital.com
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SOURCE Highland Capital Management Fund Advisors, L.P.