DALLAS, April 24, 2020 /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 10% of its stock in open-market
transactions over a one-year period.
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,
2021.
By purchasing Fund shares, which are currently trading at a
discount to the Fund's net asset value ("NAV"), 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,
and compliance with all applicable laws and regulations.
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 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 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
mediarelations@nexpointadvisors.com
1-972-419-6272
View original content to download
multimedia:http://www.prnewswire.com/news-releases/nexpoint-strategic-opportunities-fund-announces-repurchase-program-301047132.html
SOURCE NexPoint Advisors, L.P.