Filing Details

Accession Number:
0000899243-20-009360
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-03-24 18:16:54
Reporting Period:
2020-03-20
Accepted Time:
2020-03-24 18:16:54
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1356115 Nexpoint Strategic Opportunities Fund ?NHF? () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1228922 D James Dondero 300 Crescent Court, Suite 700
Dallas TX 75201
See Remarks No Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2020-03-20 60,633 $8.36 1,885,377 No 4 S Indirect See Footnote
Common Stock Disposition 2020-03-20 50,000 $8.64 2,071,229 No 4 S Indirect See Footnote
Common Stock Disposition 2020-03-20 58,000 $8.56 1,750,098 No 4 S Indirect See Footnote
Common Stock Disposition 2020-03-23 100,000 $7.50 1,650,098 No 4 S Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 50,106 Indirect By employee benefit plan
Common Stock 14,701 Direct
Footnotes
  1. The Reporting Person's sale of NexPoint Strategic Opportunities Fund ("NHF") common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934; therefore, no disgorgement was owed. The sales reported herein were for cash management purposes and do not reflect the portfolio manager's long-term view of the investment.
  2. These shares are held by certain managed accounts ultimately advised by Mr. Dondero (collectively, the "Highland Accounts"). Mr. Dondero may be deemed to have an indirect beneficial owner of shares held by the Highland Accounts. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
  3. These shares are held by The Dugaboy Investment Trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
  4. The price in Column 4 is a weighted average price. The actual sales price for these transactions ranged from $8.27 to $8.56. The Reporting Person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
  5. These shares are held pursuant to an employee benefit plan.
  6. These shares are held by Highland Capital Management, L.P. ("HCMLP") both directly and indirectly through advised accounts. Mr. Dondero is sole member of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMLP. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
  7. These shares are held directly by Mr. Dondero.