DALLAS, Oct. 3, 2016 /PRNewswire/ -- NexPoint Credit
Strategies Fund (NYSE: NHF) ("NHF" or the "Fund") today announced
its regular monthly dividend on its common stock
of $.24 per share.
The dividend will be payable on October 31,
2016 to shareholders of record at the close of business
October 24, 2016.
The Fund is a closed-end fund managed by NexPoint Advisors, L.P.
(the "Manager"), an affiliated adviser of Highland Capital
Management, L.P. The Fund invests primarily in below investment
grade debt and equity and has the ability to hedge risk. The
Manager attempts to deliver consistent returns in excess of the Dow
Jones Credit Suisse Hedge Fund and the HFRX Global Hedge Fund
indices in a transparent, registered fund format consistent with
monthly dividends.
|
Total Returns as
of 09/30/16
|
1-year
|
3-year
|
5-year
|
Since
Inception
(6/29/06)
|
|
NexPoint Credit
Strategies Fund (NAV)
|
6.97%
|
15.04%
|
17.63%
|
3.67%
|
|
NexPoint Credit
Strategies Fund (Market Price)
|
11.64%
|
16.31%
|
17.36%
|
2.00%
|
|
|
|
|
|
|
Total Returns as
of 06/30/16
|
1-year
|
3-year
|
5-year
|
Since
Inception
(6/29/06)
|
|
NexPoint Credit
Strategies Fund (NAV)
|
-15.17%
|
14.46%
|
14.17%
|
3.06%
|
|
NexPoint Credit
Strategies Fund (Market Price)
|
-16.67%
|
13.17%
|
11.20%
|
1.31%
|
|
|
|
|
|
Total operating expenses as of the most recent fund annual
report are 2.14%. Performance data represents past performance,
which does not guarantee future results. Current performance may be
higher or lower than the figures shown. Investment return and
principal value will fluctuate with market conditions, and you may
have a gain or loss when you sell your shares. For most
recent month-end performance, please visit
www.nexpointadvisors.com or call
866-351-4440.
Investors should consider the investment objectives,
risks, charges, and expenses of the NexPoint Credit Strategies Fund
carefully before investing. This and other information can be found
in the Fund's prospectuses, which may be obtained by calling
1-866-351-4440 or
visiting www.nexpointadvisors.com.
Please read the prospectus carefully before you invest.
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
decline.
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.
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.
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.
About NexPoint Credit Strategies Fund
NexPoint Credit
Strategies Fund is a closed-end fund managed by NexPoint Advisors,
L.P. The Fund's investment objectives are to provide both current
income and capital appreciation. The Fund is invested primarily in
below investment grade debt and equity securities and has the
ability to hedge risk. The Manager attempts to deliver consistent
returns in excess of the Dow Jones Credit Suisse Hedge Fund and the
HFRX Global Hedge Fund indices in a transparent, registered fund
format consistent with monthly dividends. No assurance can be given
that the Fund will achieve its investment objectives.
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.
Media Contact: Lucy Bannon,
972-419-6272, lbannon@highlandcapital.com
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SOURCE NexPoint Advisors, L.P.