DALLAS, Jan. 3, 2018 /PRNewswire/ -- NexPoint Credit
Strategies Fund (NYSE: NHF) ("NHF" or the "Fund") today announced
its regular monthly dividend on its common stock
of $.20 per share.
The dividend will be payable on Jan 31,
2018 to shareholders of record at the close of business
Jan 23, 2018.
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 12/31/17
|
1-year
|
3-year
|
5-year
|
10-year
|
Since
Inception
(6/29/06)
|
NexPoint Credit
Strategies Fund (NAV)
|
17.34%
|
5.02%
|
19.01%
|
5.25%
|
5.25%
|
NexPoint Credit
Strategies Fund (Market Price)
|
27.31%
|
10.01%
|
20.76%
|
6.18%
|
4.43%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Returns as
of 09/30/17
|
1-year
|
3-year
|
5-year
|
10-year
|
Since
Inception
(6/29/06)
|
NexPoint Credit
Strategies Fund (NAV)
|
16.11%
|
5.01%
|
17.52%
|
3.97%
|
4.55%
|
NexPoint Credit
Strategies Fund (Market Price)
|
19.37%
|
8.36%
|
17.39%
|
3.79%
|
3.45%
|
|
|
|
|
|
|
Total operating expenses as of the most recent fund
semi-annual report are 2.16%. 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
1-866-351-4440.
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 prospectus, 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.
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.
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.
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.
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.
CONTACTS
Fund Information: 1-866-351-4440
Highland Media Relations: 1-972-419-6272
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SOURCE NexPoint Advisors, L.P.