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Highland Global Allocation Fund - HGLB STOCK NEWS

Welcome to our dedicated page for Highland Global Allocation Fund news (Ticker: HGLB), a resource for investors and traders seeking the latest updates and insights on Highland Global Allocation Fund stock.

The Highland Global Allocation Fund (NYSE: HGLB) is a diversified, closed-end management investment company managed by NexPoint Asset Management, L.P. The Fund's primary objective is to achieve long-term growth of capital and future income by investing in a diversified portfolio of U.S. and foreign equity, debt, and money market securities. It also invests in senior loans to domestic and foreign corporations, partnerships, and other entities operating across various industries and geographic regions.

In March 2019, the Fund's Board of Trustees approved a Level Distribution Policy under which it makes monthly distributions at a fixed but adjustable rate, recalculated annually based on the average net asset value (NAV) per share from the final five trading days of the year. The Fund recently declared monthly distributions of $0.084 per share for July through September 2023, and $0.081 per share for January through June 2024. Shareholders can reinvest distributions through the Fund's Dividend Reinvestment Plan or opt to receive cash.

The Fund aims to maintain a stable level of distributions and may adjust the distribution amount based on market conditions and portfolio performance. However, there is no guarantee of success, and distributions may include a return of capital, which does not necessarily reflect the Fund's investment performance.

The Highland Global Allocation Fund is committed to providing transparency to its investors by issuing notices with detailed information about the amount and composition of each distribution. The Fund's performance, risks, fees, and expenses are detailed in its prospectus, which investors are encouraged to read carefully before investing.

About NexPoint Asset Management, L.P.

NexPoint Asset Management, L.P. is an SEC-registered investment adviser offering a range of investment products, including mutual funds, closed-end funds, and an exchange-traded fund.

Rhea-AI Summary

Highland Global Allocation Fund (NYSE: HGLB) announced monthly distributions of $0.081 per share for July through September 2024. The annual distribution rate is set at 8.5% of the average NAV per share from the final five trading days of 2023. The distribution dates are as follows: Ex-Dates on July 23, August 22, and September 20; Record Dates on July 24, August 23, and September 23; Payable Dates on July 31, August 30, and September 30, 2024. These distributions reflect the Fund’s commitment to providing consistent returns to its shareholders.

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Rhea-AI Summary
Highland Global Allocation Fund (HGLB) declares monthly distributions of $0.081 per share for April through June 2024, based on a level distribution policy. The annual distribution rate is set at 8.5% of the average NAV per share for the final five trading days of 2023.
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Highland Global Allocation Fund (NYSE: HGLB) announced the declaration of monthly distributions of $0.081 per share, payable on specific dates. The annual distribution rate has been reset to 8.5% of the average NAV per share for the final five trading days of 2023. Distributions of $0.081 per month have been declared for January through March 2024.
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Highland Global Allocation Fund (NYSE: HGLB) announces monthly distributions of $0.084 per share, with an annual distribution rate of 8.5%. Distributions declared for October through December 2023.
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FAQ

What is the primary objective of the Highland Global Allocation Fund?

The primary objective is to achieve long-term growth of capital and future income by investing in a diversified portfolio of U.S. and foreign equity, debt, and money market securities.

What is the Level Distribution Policy?

It is a policy under which the Fund makes monthly distributions at a fixed rate, recalculated annually based on the average NAV per share from the final five trading days of the year.

How can shareholders receive their distributions?

Shareholders can reinvest distributions through the Fund's Dividend Reinvestment Plan or opt to receive cash by contacting AST, their financial adviser, or their brokerage firm.

Does the Fund issue notices regarding distributions?

Yes, the Fund issues notices with detailed information about the amount and composition of each distribution.

Who manages the Highland Global Allocation Fund?

The Fund is managed by NexPoint Asset Management, L.P., an SEC-registered investment adviser.

What types of investments does the Fund make?

The Fund invests in U.S. and foreign equity, debt, money market securities, and senior loans to various entities.

Can the distribution amount be adjusted?

Yes, the distribution amount can be adjusted based on market conditions and portfolio performance.

What happens if there is a return of capital?

A return of capital occurs when some of the money invested by shareholders is paid back to them. It does not necessarily reflect investment performance and should not be confused with yield or income.

Where can I find more information about the Fund?

More information can be found in the Fund's prospectus, available by calling 1-866-745-0264 or visiting www.nexpointassetmgmt.com.

What should investors consider before investing?

Investors should consider the investment objectives, risks, fees, and expenses of the Highland Global Allocation Fund, as detailed in its prospectus.

Highland Global Allocation Fund

NYSE:HGLB

HGLB Rankings

HGLB Stock Data

174.81M
22.86M
24.32%
40.86%
0.04%
United States of America
Dallas