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Filing Details

Accession Number:: 0000899243-20-001268
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-01-15 19:11:51
Reporting Period:: 2020-01-13

Accepted Time:: 2020-01-15 19:11:51
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2020-01-13	10,000	$17.69	2,535,360	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2020-01-14	36,211	$17.51	2,499,149	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2020-01-15	525,189	$17.35	1,973,960	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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,771,460	Indirect	See Footnote
Common Stock	50,106	Indirect	By employee benefit plan
Common Stock	1,778,210	Indirect	See Footnote
Common Stock	14,701	Direct

Footnotes

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. These sales were for cash management at a Highland Capital Management, L.P. ("HCMLP") related account. Such sales do not reflect the portfolio manager's long-term view of the investment.
These shares are held by 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.
These shares are held by The Dugaboy Investment Trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
Includes shares acquired under the issuer's dividend reinvestment plan.
These shares are held pursuant to an employee benefit plan.
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.
These shares are held directly by Mr. Dondero.
The price in Column 4 is a weighted average price. The actual sales price for these transactions ranged from $17.62 to $17.73. 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.
The price in Column 4 is a weighted average price. The actual sales price for these transactions ranged from $17.49 to $17.52. 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.
The price in Column 4 is a weighted average price. The actual sales price for these transactions ranged from $17.32 to $17.46. 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.