Please review the forms and documents regarding NexPoint Opportunistic Credit Fund by clicking the links below. Download Adobe Reader for free here.
Fund Literature
Fact Sheet
Education Guide
Highland Code of Ethics
SEC Filings
Class A Prospectus
Class C Prospectus
Class Z Prospectus
Class A SAI
Class C SAI
Class Z SAI
Highland Opportunistic Credit Fund Form N-14 Proxy Prospectus
Highland Opportunistic Credit Fund Form N-14 SAI
| Share Class | Type | Ex-Date | Payable Date | Record Date | Amount |
| Class A | Income Dividend | 1/31/2017 | 1/31/2017 | 1/31/2017 | 0.03378292 |
| Class A | Income Dividend | 12/30/2016 | 12/30/2016 | 12/30/2016 | 0.066203515 |
| Class A | Income Dividend | 11/30/2016 | 11/30/2016 | 11/30/2016 | 0.032191045 |
| Class A | Income Dividend | 10/31/2016 | 10/31/2016 | 10/31/2016 | 0.028463456 |
| Class A | Income Dividend | 9/30/2016 | 9/30/2016 | 9/30/2016 | 0.03224875 |
| Class A | Income Dividend | 8/31/2016 | 8/31/2016 | 8/31/2016 | 0.03210466 |
| Class A | Income Dividend | 7/29/2016 | 7/29/2016 | 7/29/2016 | 0.031291387 |
| Class A | Income Dividend | 6/30/2016 | 6/30/2016 | 6/30/2016 | 0.033705909 |
| Class A | Income Dividend | 5/31/2016 | 5/31/2016 | 5/31/2016 | 0.037903878 |
| Class A | Income Dividend | 4/29/2016 | 4/29/2016 | 4/29/2016 | 0.046323632 |
| Class A | Income Dividend | 3/31/2016 | 3/31/2016 | 3/31/2016 | 0.043645759 |
| Class A | Income Dividend | 2/29/2016 | 2/29/2016 | 2/29/2016 | 0.041665933 |
| Share Class | Type | Ex-Date | Payable Date | Record Date | Amount |
| Class C | Income Dividend | 1/31/2017 | 1/31/2017 | 1/31/2017 | 0.03199476 |
| Class C | Income Dividend | 12/30/2016 | 12/30/2016 | 12/30/2016 | 0.064337626 |
| Class C | Income Dividend | 11/30/2016 | 11/30/2016 | 11/30/2016 | 0.030692035 |
| Class C | Income Dividend | 10/31/2016 | 10/31/2016 | 10/31/2016 | 0.026897441 |
| Class C | Income Dividend | 9/30/2016 | 9/30/2016 | 9/30/2016 | 0.030804667 |
| Class C | Income Dividend | 8/31/2016 | 8/31/2016 | 8/31/2016 | 0.030637198 |
| Class C | Income Dividend | 7/29/2016 | 7/29/2016 | 7/29/2016 | 0.029828871 |
| Class C | Income Dividend | 6/30/2016 | 6/30/2016 | 6/30/2016 | 0.031781299 |
| Class C | Income Dividend | 5/31/2016 | 5/31/2016 | 5/31/2016 | 0.036531278 |
| Class C | Income Dividend | 4/29/2016 | 4/29/2016 | 4/29/2016 | 0.04514102 |
| Class C | Income Dividend | 3/31/2016 | 3/31/2016 | 3/31/2016 | 0.043823309 |
| Class C | Income Dividend | 2/29/2016 | 2/29/2016 | 2/29/2016 | 0.040552973 |
| Share Class | Type | Ex-Date | Payable Date | Record Date | Amount |
| Class Z | Income Dividend | 1/31/2017 | 1/31/2017 | 1/31/2017 | 0.034848103 |
| Class Z | Income Dividend | 12/30/2016 | 12/30/2016 | 12/30/2016 | 0.067032734 |
| Class Z | Income Dividend | 11/30/2016 | 11/30/2016 | 11/30/2016 | 0.033153223 |
| Class Z | Income Dividend | 10/31/2016 | 10/31/2016 | 10/31/2016 | 0.029477568 |
| Class Z | Income Dividend | 9/30/2016 | 9/30/2016 | 9/30/2016 | 0.033180359 |
| Class Z | Income Dividend | 8/31/2016 | 8/31/2016 | 8/31/2016 | 0.033050877 |
| Class Z | Income Dividend | 7/29/2016 | 7/29/2016 | 7/29/2016 | 0.032229716 |
| Class Z | Income Dividend | 6/30/2016 | 6/30/2016 | 6/30/2016 | 0.034498403 |
| Class Z | Income Dividend | 5/31/2016 | 5/31/2016 | 5/31/2016 | 0.038766371 |
| Class Z | Income Dividend | 4/29/2016 | 4/29/2016 | 4/29/2016 | 0.047035685 |
| Class Z | Income Dividend | 3/31/2016 | 3/31/2016 | 3/31/2016 | 0.045709878 |
| Class Z | Income Dividend | 2/29/2016 | 2/29/2016 | 2/29/2016 | 0.042339264 |
*For a complete list of distributions, please contact the Sales Team at 877-665-1287
Ex-Date: Date on which a stock begins trading without the benefit of the dividend. Typically, a stock’s price moves up by the dollar amount of the dividend as the ex-dividend date approaches, then falls by the amount of the dividend after that date.
Payable Date: Date on which a declared stock dividend or a bond interest payment is scheduled to be paid.
Record Date: Date on which a shareholder must officially own shares in order to be entitled to a dividend. After the date of record, the stock is said to be ex-dividend.
Income Dividend: Payout to shareholders of interest, dividends, or other income received by the Fund, net of operating expenses. By law, all such income must be distributed to shareholders, who may choose to take the money in cash or reinvest it in more shares of the Fund.
Short-Term Capital Gain: The profit realized from the sale of securities held for less than one year.
Long-Term Capital Gain: Gain on the sale of a security where the holding period was 12 months or more and the profit was subject to the long-term capital gains tax.
*Effective February 21, 2017, the Highland Opportunistic Credit Fund, a publicly offered open-end fund, (the “Predecessor Fund”) was reorganized into the NexPoint Opportunistic Credit Fund (the “Fund”). The Class Z performance information shown for periods prior to February 21, 2017, but after June 30, 2014, is that of the Predecessor Fund. Effective July 1, 2014, the Highland Special Situations Fund, a privately-offered closed-end fund, (the “Special Situations Fund”) was reorganized into the Predecessor Fund. The Class Z performance information shown for periods prior to July 1, 2014 is that of the Special Situations Fund. The returns of the Class A and Class C Shares would have substantially similar returns as Class Z because the classes are invested in the same portfolio of securities and the annual returns would differ only to the extent that classes have different expenses. The Predecessor Fund was managed by an affiliate of the Adviser with the same investment objective and substantially similar investment strategies as the Fund and the Special Situations Fund was managed by an affiliate of the Adviser with the same investment objective and substantially similar investment strategies as the Predecessor Fund.
Mr. Dondero, a current portfolio manager of the Fund, also managed the Predecessor Fund since its prior reorganization on July 1, 2014, and the Special Situations Fund since its inception on May 18, 2005. Mr. Parker, a current portfolio manager of the Fund, also managed the Predecessor Fund since June 15, 2015.
Before investing in the Fund, you should carefully consider the Fund’s investment objectives, risks, charges and expenses. For a copy of a prospectus which contains this and other information, please visit our website at www.nexpointoc.com or call 1-877-665-1287. Please read the fund prospectus carefully before investing. Check with your investment professional to determine which funds are available for sale within their firm. Not all funds are available for sale at all firms.
