NexPoint Strategic Opportunities Fund (NYSE:NHF)
NexPoint Strategic Opportunities Fund (formerly 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. 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.
NexPoint Advisors is based in Dallas, Texas and is a registered investment adviser.
|Fund NAV (As of Jul 10, 2020)|
|Symbol||XNHFX (Class NHF)|
CLOSED-END FUND CONTACTS
NexPoint Real Estate Strategies Fund
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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.