Highland Global Allocation Fund Announces Monthly Distributions of $0.084 per Share

Dallas-based Highland Global Allocation Fund (NYSE:HGLB) has declared monthly distributions of $0.084 per share, payable on specific dates in October, November, and December 2023. The Fund’s level distribution policy ensures a stable distribution rate equal to 8.5% of the average net asset value (NAV) per share.

Under the Level Distribution Policy, the Fund resets the annual distribution rate based on the average NAV per share reported for the final five trading days of the previous year. For the fourth quarter of 2023, the Fund will distribute $0.084 per month. The distribution dates are as follows: October 31, 2023; November 30, 2023; and December 29, 2023.

The Level Distribution Policy aims to provide consistent monthly distributions to shareholders. However, the Fund’s ability to maintain stable distributions depends on various factors, including market conditions and performance. Shareholders have the option to reinvest distributions or receive cash by contacting AST, their financial adviser, or brokerage firm.

The Fund may distribute less than the entire net investment income earned in a particular period and may also distribute accumulated undistributed income to maintain a stable distribution amount. Additionally, the Fund intends to distribute realized net long-term capital gains, if any, no more than once every twelve months.

It’s important to note that returns of capital do not reflect the Fund’s investment performance and should not be confused with yield or income. The Fund may sell portfolio securities at less opportune times to meet the distribution amount, and changes to the Level Distribution Policy may impact the market price of the Fund’s shares.

Detailed information regarding the distribution amounts and composition will be provided to shareholders with each distribution. The Fund will issue a Form 1099-DIV for each calendar year to inform shareholders about reporting distributions for federal income tax purposes.

The Highland Global Allocation Fund, managed by NexPoint Asset Management, L.P., is a closed-end fund offering a range of investment options. Investors are advised to carefully review the Fund’s prospectus and consider the investment objectives, risks, charges, and expenses before making any investment decisions.

For more information about the Highland Global Allocation Fund, please visit www.nexpointassetmgmt.com/global-allocation-fund.

Contact:
Investor Relations
Kristen Thomas
IR@nexpoint.com

Media Relations
Prosek Partners for NexPoint
Pro-nexpoint@prosek.com