NexPoint Strategic Opportunities Fund (NHF)

Fund Update | July 2020

A Special Meeting of Shareholders will be held on August 28, 2020 to consider a proposal to convert the fund to a diversified REIT. Read the press release and proxy statement for details and voting information →

Fund Overview

NexPoint Strategic Opportunities Fund (NYSE:NHF) is a closed-end fund managed by NexPoint Advisors, L.P. that seeks to provide both current income and capital appreciation. The fund invests primarily in below-investment-grade debt, equity securities, and real estate, and has the ability to hedge risk. The fund’s 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.

NHF

Ticker

$17.42

NAV

6/26/06

Inception

Portfolio Manager

James Dondero | Founder, NexPoint
James Dondero is the founder of NexPoint. In addition to overseeing the group’s business and investment activities, Mr. Dondero serves as the portfolio manager of the NexPoint Strategic Opportunities Fund (NYSE:NHF). He is also an officer and director at NexPoint’s publicly traded REITs…

Contact Information

Shareholder Services
NexPoint Strategic Opportunities Fund
(866) 351-4440

Sales Consultants
NexPoint Sales Desk (Main)
(877) 665-1287

NHF Midyear Update and Outlook

An update on the fund and the current portfolio, an overview of 2020 thus far, and an outlook for the remainder of the year (and beyond)

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Recent Press Releases

July 10, 2020 in NHF, PRESS RELEASE

NexPoint Strategic Opportunities Fund Files Definitive Proxy Statement for Proposal to Convert Fund to Diversified REIT

Special Meeting of Shareholders Scheduled for August 28, 2020 Fund's Board and Independent Trustees Recommend Shareholders Vote "FOR" Proposal   DALLAS, July 10, 2020 -- NexPoint Strategic Opportunities Fund (NYSE: NHF) ("NHF"…
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June 19, 2020 in NHF, PRESS RELEASE

NexPoint Strategic Opportunities Fund Announces Proposal to Convert Fund to Diversified REIT

Business Change Intended to Increase Shareholder Value, Address Trading Discount, Offer Greater Liquidity and Income Potential Fund's Board and Independent Trustees Unanimously Approve Proposal, Recommend Shareholders Vote "FOR" Business Change…
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June 2, 2020 in NHF, PRESS RELEASE

NexPoint Strategic Opportunities Fund Declares Regular Monthly Dividend

DALLAS, June 1, 2020 /PRNewswire/ -- NexPoint Strategic Opportunities Fund (NYSE: NHF) ("NHF" or the "Fund") today announced its regular monthly dividend on its common stock of $0.10 per share. The dividend will be payable…
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May 14, 2020 in NHF, PRESS RELEASE

NexPoint Strategic Opportunities Fund Declares Regular Monthly Dividend

The following contains a revised Record Date for the May 29, 2020 dividend payment.   DALLAS, May 14, 2020 /PRNewswire/ -- NexPoint Strategic Opportunities Fund (NYSE: NHF) ("NHF" or the "Fund") today announced its…
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April 24, 2020 in NHF, PRESS RELEASE

NexPoint Strategic Opportunities Fund Announces Repurchase Program

DALLAS, April 24, 2020  -- Board Approves Open-market Repurchases of up to 10% of Fund's Stock Over One-year Period NexPoint Advisors, L.P. ("NexPoint") announced today that the Board of Trustees (the…
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April 2, 2020 in Closed-End Funds, Dividends, NHF, NYSE, PRESS RELEASE

NexPoint Strategic Opportunities Fund Declares Regular Monthly Dividend, Announces Dividend Changes

DALLAS, April 2, 2020 -- NexPoint Strategic Opportunities Fund (NYSE: NHF) ("NHF" or the "Fund") today announced its regular monthly dividend on its common stock of $0.10 per share. The dividend will be payable on April…
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Update on Claymore Holdings LLC v. Credit Suisse AG Case | June 12, 2020

Update on the Claymore Holdings LLC v. Credit Suisse AG Case Related to the NexPoint Strategic Opportunities Fund as of June 12, 2020

The following provides additional information on the order from the Texas Supreme Court (the “Court”) in the Claymore Holdings LLC (“Claymore”) case against Credit Suisse, AG, Cayman Islands Branch, and Credit Suisse Securities (USA), LLC (“Credit Suisse”).

Claymore is the Highland Capital Management and NexPoint affiliate (together “Highland”) that pursued the collective claims on behalf of the Highland Income Fund (NYSE:HFRO) and the NexPoint Strategic Opportunities Fund (NYSE:NHF) (together the “Funds”).

The Texas Supreme Court (the “Court”) release an order on April 24, 2020. A party may file a motion for rehearing with the Court within a 15-day window following the issuance of an order or request an extension to move for rehearing.

Claymore requested an extension from the Court to move for rehearing, which has been granted.

On June 12, 2020, Claymore filed a motion for rehearing. Once a motion for rehearing has been filed, the Court has 90 days to respond with a decision on whether or not it will grant a rehearing.

No award amount has been recorded in the Funds’ net asset values at this time.

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