Highland Global Allocation Fund Unveils Consistent Distributions

Highland Global Allocation Fund Declares Steady Monthly Distributions

Highland Global Allocation Fund (NYSE: HGLB) has made headlines with its recent announcement regarding monthly distributions. The fund has declared a fixed distribution of $0.088 per share. This consistent distribution signals the fund's commitment to provide financial returns to its stockholders.

Distribution Details and Payment Schedule

As per the fund's distribution policy, this monthly amount will be paid out for the months ahead. Specifically, January distributions will align with the stated amount, with additional distributions planned for February and March. Such stability in distribution amounts is indicative of the fund's careful management and strategic planning efforts.

Key Dates for Upcoming Distributions

The upcoming distribution dates are organized as follows:

• **Ex-Date:** January 24, 2025
• **Record Date:** January 24, 2025
• **Payable Date:** January 31, 2025
• **Second Distribution Ex-Date:** February 21, 2025
• **Second Distribution Record Date:** February 21, 2025
• **Second Distribution Payable Date:** February 28, 2025
• **Third Distribution Ex-Date:** March 24, 2025
• **Third Distribution Record Date:** March 24, 2025
• **Third Distribution Payable Date:** March 31, 2025

Understanding the Level Distribution Policy

The fund adheres to a Level Distribution Policy, which was established by its Board of Trustees in March 2019. This policy allows for regular monthly distributions to shareholders at a consistent amount. These distributions are subject to an annual adjustment based on the average net asset value (NAV) calculated at the end of the previous year.

Such policies help assure investors that their returns will remain stable, although the actual achievement of this consistency relies on various financial market conditions. The fund observes carefully how fluctuations in the market can affect distribution performance.

Shareholder Distribution Options

Investors in the Highland Global Allocation Fund have options for handling their monthly distributions. They can either choose to reinvest these distributions into additional shares through the Dividend Reinvestment Plan or take cash payments. Shareholders opting for cash must contact their financial advisors or brokerage firms to make the necessary arrangements.

General Insights on Distribution Challenges

Maintaining a consistent level of distributions is not without challenges. The fund must navigate complexities such as market interest rates and overall market performance. In certain situations, the fund may choose to distribute less than the total amount of net investment income earned during a specific period.

In some months, distributions may include a return of capital, meaning that a portion of the distribution may be the funds that shareholders initially invested. This is essential information for investors, as it can affect their overall financial outlook and investment strategies.

Future Outlook for Shareholders

Looking ahead, shareholders should remain informed about potential changes to the fund's distribution policies. The Board retains the authority to adjust the Level Distribution Policy or even suspend distributions altogether. While such steps may arise from market conditions, they can also influence the market price of the fund’s shares.

About the Highland Global Allocation Fund

The Highland Global Allocation Fund is managed by NexPoint Asset Management, L.P. Its aim is to deliver solid, adjustable returns for its investors through strategized fund management. Investors are encouraged to engage in due diligence regarding their investment decisions.

Frequently Asked Questions

What is the monthly distribution amount declared by the fund?

The fund has declared a monthly distribution of $0.088 per share.

When are the key dates for the upcoming distributions?

Distributions are scheduled for January 31, February 28, and March 31, 2025.

What options do shareholders have for their distributions?

Shareholders can choose to reinvest distributions into additional shares or receive cash payouts.

How does the Level Distribution Policy affect distributions?

This policy ensures that distributions are made at a consistent rate but can be adjusted annually based on the average NAV.

Who manages the Highland Global Allocation Fund?

The fund is managed by NexPoint Asset Management, L.P.

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