DALLAS, Oct. 25, 2019 /PRNewswire/ -- NexPoint Advisors,
L.P. ("NexPoint") announced today that the Board of Trustees (the
"Board") of the NexPoint Strategic Opportunities Fund (NYSE:NHF)
("NHF" or the "Fund") approved a repurchase program pursuant to
which the Fund may repurchase up to $25
million of the Fund's shares over a period of six
months.
The program allows for the Fund to repurchase shares, if trading
at a discount, in open market transactions until the conclusion of
the repurchase period on April 24,
2020.
By purchasing Fund shares, which are currently trading at a
discount to the Fund's net asset value, NexPoint seeks to enhance
value for NHF shareholders.
The total repurchase amount and the timing of repurchases will
be subject to the Fund's available cash, after consideration of
reserves necessary for anticipated fund expenses and contingencies.
The Fund may sell portfolio securities in order to generate cash.
There is no assurance that the Fund will repurchase shares in any
amount.
About the NexPoint Strategic Opportunities Fund
The NexPoint Strategic Opportunities Fund (NYSE:NHF) (the
"Fund") is a closed-end fund managed by NexPoint Advisors, L.P.
("NexPoint"). The Fund seeks to provide both current income and
capital appreciation. For more information visit
www.nexpointadvisors.com/fund/.
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.
About NexPoint Advisors, L.P.
NexPoint Advisors, L.P. ("NexPoint") is a registered investment
adviser to a suite of funds and investment offerings, including a
closed-end fund, a business development company, an interval fund,
and various real estate vehicles. NexPoint is part of a
multibillion-dollar global alternative investment platform. For
more information visit www.nexpointadvisors.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.nexpointadvisors.com or call 1-866-351-4440. Please
read the fund prospectus carefully before investing.
Media Contact
Lucy Bannon
lbannon@highlandcapital.com
1-972-419-6272
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SOURCE NexPoint Advisors, L.P.