DALLAS, Aug. 1, 2018 /PRNewswire/ -- NexPoint
Strategic Opportunities 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 August 31,
2018 to shareholders of record at the close of business
August 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, equity securities and real estate 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 07/31/18
|
1-year
|
3-year
|
5-year
|
10-year
|
Since
Inception
(6/29/06)
|
NexPoint Strategic
Opportunities Fund (NAV)
|
17.36%
|
6.30%
|
15.28%
|
7.55%
|
5.29%
|
NexPoint Strategic
Opportunities Fund (Market Price)
|
18.07%
|
8.45%
|
15.65%
|
8.22%
|
4.06%
|
|
|
|
|
|
|
Total Returns as
of 06/30/18
|
1-year
|
3-year
|
5-year
|
10-year
|
Since
Inception
(6/29/06)
|
NexPoint Strategic
Opportunities Fund (NAV)
|
13.63%
|
4.71%
|
15.21%
|
7.07%
|
5.17%
|
NexPoint Strategic
Opportunities Fund (Market Price)
|
16.06%
|
4.60%
|
14.76%
|
6.72%
|
3.80%
|
|
|
|
|
|
|
Total operating expenses as of the most recent fund annual
report are 2.21%. 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.
About NexPoint Strategic Opportunities
Fund
NexPoint Strategic Opportunities Fund (formerly
known as 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, equity
securities and real estate and has the ability to hedge risk. The
Fund's investment adviser 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.
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.
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.
MEDIA CONTACT
Lucy Bannon
lbannon@highlandcapital.com
+1 (972) 419-6272
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SOURCE NexPoint Advisors, L.P.