Filing Details
- Accession Number:
- 0000899243-20-009892
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-04-01 18:49:15
- Reporting Period:
- 2020-03-30
- Accepted Time:
- 2020-04-01 18:49:15
- 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 | 2020-03-30 | 198,419 | $8.04 | 1,008,596 | No | 4 | S | Indirect | See Footnote |
Common Stock | Disposition | 2020-03-30 | 5,820 | $8.04 | 1,002,776 | 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 |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock | 1,825,377 | Indirect | See Footnote |
Common Stock | 2,071,229 | Indirect | See Footnote |
Common Stock | 50,106 | Indirect | By employee benefit plan |
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. The sales reported herein were for cash management purposes and do not reflect the portfolio manager's long-term view of the investment.
- These shares are held by Highland Capital Management, L.P. ("HCMLP") both directly and indirectly through advised accounts. Effective January 2020 as a result of the change of control of HCMLP, Mr. Dondero no longer serves as the President or sole director of Strand Advisors, Inc., HCMLP's general partner, and consequently, no longer has direct or indirect voting or investment control to such shares. Accordingly, Mr. Dondero will no longer report beneficial ownership of shares held by HCMLP on a going forward basis.
- 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.
- This total amount of shares includes shares of the issuer loaned by an entity referenced in Footnote 5 to this Form 4 to an entity referenced in Footnote 2 to this Form 4.
- These shares are held by The Dugaboy Investment Trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
- These shares are held pursuant to an employee benefit plan.
- These shares are held directly by Mr. Dondero.