DALLAS, Dec. 2, 2019 /PRNewswire/ -- NexPoint
Strategic Opportunities Fund (NYSE: NHF) ("NHF" or the "Fund")
today announced its regular monthly dividend on its common stock
of $0.20 per share.
The dividend will be payable on December 31,
2019 to shareholders of record at the close of business
December 23, 2019.
The Fund is a closed-end fund managed by NexPoint Advisors, L.P.
The Fund invests primarily in below investment grade debt, equity
securities, and real estate, and has the ability to hedge risk.
Total operating expenses as of the most recent fund annual
report are 2.14%. For most recent month-end
performance, please visit www.nexpointadvisors.com/fund or call
About the NexPoint Strategic Opportunities Fund (NHF)
The NexPoint Strategic Opportunities Fund (NYSE:NHF) ("NHF") is
a closed-end fund managed by NexPoint Advisors, L.P. For more
information visit www.nexpointadvisors.com/fund.
About NexPoint Advisors, L.P.
NexPoint Advisors, L.P. ("NexPoint Advisors") is an
SEC-registered adviser on the NexPoint alternative investment
platform ("NexPoint"). NexPoint Advisors serves as the adviser to a
suite of funds and investment vehicles, including a closed-end
fund, interval fund, business development company ("BDC"), and
various real estate vehicles. For more information visit
Investors should consider the investment objectives,
risks, charges and expenses of the NexPoint Strategic Opportunities
Fund carefully before investing. This and other information can be
found in the Fund's prospectus, which may be obtained by calling
1-866-351-4440 or visiting www.nexpointadvisors.com/fund/.
Please read the prospectus carefully before you invest.
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.
No assurance can be given that the Fund will achieve its
Closed-End Fund Risk. The Fund is a
closed-end investment company designed primarily for long-term
investors and not as a trading vehicle. No assurance can be given
that a shareholder will be able to sell his or her shares on the
NYSE when he or she chooses to do so, and no assurance can be given
as to the price at which any such sale may be effected.
Credit Risk. Investments rated below
investment grade are commonly referred to as high-yield, high risk
or "junk debt." They are regarded as predominantly speculative with
respect to the issuing company's continuing ability to meet
principal and/or interest payments. Non-payment of scheduled
interest and/or principal would result in a reduction of income to
the Fund, a reduction in the value of the asset experiencing
non-payment and a potential decrease in NAV of the Fund.
Interest Rate Risk. Interest rate risk is
the risk that debt securities, and the Fund's net assets, may
decline in value because of changes in interest rates. Generally,
fixed rate debt securities will decrease in value when interest
rates rise and increase in value when interest rates
Leverage Risk. The Fund uses leverage
through borrowings from notes and a credit facility, and may also
use leverage through the issuances of preferred shares. The use of
leverage magnifies both the favorable and unfavorable effects of
price movements in the investments made by the Fund. Insofar as the
Fund employs leverage in its investment operations, the Fund will
be subject to substantial risks of loss.
Industry Concentration Risk. The Fund must
invest at least 25% of the value of its total assets at the time of
purchase in securities of issuers conducting their principal
business activities in the real estate industry. The Fund may be
subject to greater market fluctuations than a fund that does not
concentrate its investments in a particular industry. Financial,
economic, business, and other developments affecting issuers in the
real estate industry will have a greater effect on the Fund, and if
securities of the real estate industry fall out of favor, the Fund
could underperform, or its NAV may be more volatile than, funds
that have greater industry diversification.
Illiquidity of Investments Risk. The
investments made by the Fund may be illiquid, and consequently the
Fund may not be able to sell such investments at prices that
reflect the Investment Adviser's assessment of their value or the
amount originally paid for such investments by the Fund.
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SOURCE NexPoint Advisors, L.P.