Highland Global Allocation Fund Declares Monthly Distributions of $0.088 Per Share
Highland Global Allocation Fund (NYSE: HGLB) has declared monthly distributions of $0.088 per share for July through September 2025. The distribution amount is based on the Fund's level distribution policy, which has been reset to 8.5% of the average NAV per share, calculated using the final five trading days of 2024.
The distributions will be paid on July 31, August 29, and September 30, 2025, with corresponding ex-dates and record dates set for July 24, August 22, and September 23, 2025, respectively.
Highland Global Allocation Fund (NYSE: HGLB) ha dichiarato distribuzioni mensili di 0,088 $ per azione per i mesi di luglio, agosto e settembre 2025. L'importo della distribuzione si basa sulla politica di distribuzione a livello del Fondo, che è stata aggiornata al 8,5% del valore patrimoniale netto medio per azione, calcolato utilizzando gli ultimi cinque giorni di negoziazione del 2024.
Le distribuzioni saranno pagate il 31 luglio, il 29 agosto e il 30 settembre 2025, con relative date ex-dividendo e date di registrazione fissate rispettivamente per il 24 luglio, il 22 agosto e il 23 settembre 2025.
Highland Global Allocation Fund (NYSE: HGLB) ha declarado distribuciones mensuales de
Las distribuciones se pagarán el 31 de julio, 29 de agosto y 30 de septiembre de 2025, con fechas ex-dividendo y fechas de registro correspondientes establecidas para el 24 de julio, 22 de agosto y 23 de septiembre de 2025, respectivamente.
Highland Global Allocation Fund (NYSE: HGLB)는 2025년 7월부터 9월까지 주당 0.088달러의 월간 배당금을 선언했습니다. 배당금 금액은 2024년 마지막 5거래일을 기준으로 계산된 주당 평균 순자산가치(NAV)의 8.5%로 재설정된 펀드의 수준 배당 정책에 근거합니다.
배당금은 2025년 7월 31일, 8월 29일, 9월 30일에 지급되며, 각각 7월 24일, 8월 22일, 9월 23일에 배당락일과 명의개서일이 설정됩니다.
Highland Global Allocation Fund (NYSE : HGLB) a déclaré des distributions mensuelles de 0,088 $ par action pour les mois de juillet à septembre 2025. Le montant de la distribution est basé sur la politique de distribution stable du Fonds, qui a été réajustée à 8,5% de la valeur liquidative moyenne par action, calculée sur les cinq derniers jours de bourse de 2024.
Les distributions seront versées les 31 juillet, 29 août et 30 septembre 2025, avec des dates ex-dividende et des dates de détention correspondantes fixées respectivement aux 24 juillet, 22 août et 23 septembre 2025.
Highland Global Allocation Fund (NYSE: HGLB) hat monatliche Ausschüttungen von 0,088 $ pro Aktie für Juli bis September 2025 angekündigt. Die Ausschüttung basiert auf der Level-Distribution-Politik des Fonds, die auf 8,5% des durchschnittlichen Nettoinventarwerts (NAV) pro Aktie neu festgelegt wurde, berechnet anhand der letzten fünf Handelstage des Jahres 2024.
Die Ausschüttungen werden am 31. Juli, 29. August und 30. September 2025 ausgezahlt, mit entsprechenden Ex-Dividenden- und Stichtagen am 24. Juli, 22. August und 23. September 2025.
- Monthly distribution of $0.088 per share maintained
- Distribution policy set at 8.5% of average NAV
- None.
The following dates apply to the distributions declared:
Ex-Date | Record Date | Payable Date |
July 24, 2025 | July 24, 2025 | July 31, 2025 |
August 22, 2025 | August 22, 2025 | August 29, 2025 |
September 23, 2025 | September 23, 2025 | September 30, 2025 |
About the Level Distribution Policy
In March 2019, the Fund's Board of Trustees (the "Board") approved a level distribution policy (the "Level Distribution Policy") under which the Fund makes monthly distributions to stockholders at a constant and fixed (but not guaranteed) rate that will reset annually to a rate calculated based on the average of the Fund's NAV per share (the "Distribution Amount"), as reported for the final five trading days of the month preceding the announcement of distributions. The Distribution Amount applicable to Q3 2025 was reset based upon the results of the distribution rate calculation. The Distribution Amount applicable for future periods may be reset based upon the results of the distribution rate calculation.
There can be no guarantee that the Level Distribution Policy will be successful in its goals. The Fund's ability to maintain a stable level of distributions to shareholders will depend on a number of factors, including changes in the financial market, market interest rates, and performance of overall equity and fixed-income markets. As portfolio and market conditions change, the ability of the Fund to continue to make distributions in accordance with the Level Distribution Policy may be affected.
Shareholders have the option of reinvesting distributions in additional common shares through the Fund's Dividend Reinvestment Plan, or electing to receive cash by contacting AST, their financial adviser or their brokerage firm. Shareholders who wish to receive their distribution in cash must opt out of the Fund's Dividend Reinvestment Plan. For further information, shareholders should carefully read the description of the Dividend Reinvestment Plan in the prospectus.
The Board may amend the Level Distribution Policy, the Distribution Amount or distribution intervals, or the Fund may cease distributions entirely, at any time, without prior notice to shareholders. The announcement of, amendment to, or later termination of this Level Distribution Policy may have an adverse effect on the market price of the Fund's shares of common stock.
The Fund may at times, in its discretion, pay out less than the entire amount of net investment income earned in any particular period and may at times pay out such accumulated undistributed income in addition to net investment income earned in other periods in order to permit the Fund to maintain a stable level of distributions. As a result, the dividend paid by the Fund to shareholders for any particular period may be more or less than the amount of net investment income earned by the Fund during such period. The Fund intends to distribute all realized net long-term capital gains, if any, no more than once every twelve months.
To the extent that sufficient investment income is not available on a monthly basis, the Fund's distributions may consist of return of capital in order to maintain the distribution amount. A return of capital occurs when some or all of the money that shareholders invested in the Fund is paid back to them. A return of capital does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income.' Any such returns of capital will decrease the Fund's total assets and, therefore, could have the effect of increasing the Fund's expense ratio. In addition, the Level Distribution Policy may require the Fund to sell its portfolio securities at a less than opportune time to meet the distribution amount.
Shareholders should not make any conclusions about the Fund's investment performance from the amount of the Fund's distributions or the Fund's Level Distribution Policy. With each distribution that does not consist solely of net investment income, the Fund will issue a notice to shareholders that will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions for tax reporting purposes will depend upon the Fund's investment experience during its full fiscal year and may be subject to changes based on tax regulations. The Fund will send individual shareholders a Form 1099-DIV for each calendar year that will tell them how to report these distributions for federal income tax purposes. Please consult your tax advisor about any tax implications applicable to you in light of your particular circumstances.
About the Highland Global Allocation Fund
The Highland Global Allocation Fund ("HGLB") (NYSE: HGLB) is a closed-end fund managed by NexPoint Asset Management, L.P. For more information visit www.nexpointassetmgmt.com/global-allocation-fund.
About NexPoint Asset Management, L.P.
NexPoint Asset Management, L.P. is an SEC-registered investment adviser. It is the adviser to a suite of registered open-end funds and closed-end funds. For more information visit nexpointassetmgmt.com.
The distribution may include a return of capital. Please refer to the 19(a)-1 Source of Distribution Notice on the NexPoint Funds website for Section 19 notices that provide estimated amounts and sources of the fund's distributions, which should not be relied upon for tax reporting purposes.
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 Highland Global Allocation Fund carefully before investing. This and other information can be found in the Fund's prospectus, which may be obtained by calling 1-866-745-0264 or visiting www.nexpointassetmgmt.com. Please read the prospectus carefully before you invest.
CONTACTS
Investor Relations
Kristen Thomas
IR@nexpoint.com
Media Relations
Prosek Partners for NexPoint
Pro-nexpoint@prosek.com
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SOURCE Highland Global Allocation Fund
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