James David Dondero is a well-renowned business person. He is well known for being the co-founder of the Highland Capital Management. The Capital Management organization was formed in 1993. The group is mainly focused on public equity, structured investments, distressed investment funds and fixed income. The company portfolio is estimated to be worth about $2.44 billion, based on the recent findings from the SEC filings.
According to the recent SEC filings, Highland Capital Management stepped up their game in the New York Stock Exchange (Nexpoint Credit Strategies Fund). The organization has now accumulated a total of 793,036 shares, of which 5percent comprises of the outstanding Common Stock. On the other hand, the co-founder James Dondero is among the major shareholders of the Nexpoint Credit Strategies. James Dondero owns a sum that amounts to 3.01 million shares, of which regarding percentage, the amount totals to 18.8 percent of the company’s total worth.
During the end of the third quarter of the year, Highlands was able to purchase 20,286 new shares in Nexpoint. The total amount of new shares purchased amounted to a lump sum of $11.68 million. As a result, Highland capital management is the largest shareholder in Nexpoint. As for Nexpoint Credit Strategies Fund, the management task is well catered for by the Nexpoint Advisors.
Nexpoint Credit Strategies Fund is a very suitable example of a closed-end fund. The fund was sub-divided into two individual companies. The two different trade businesses that emerged were Nexpoint Residential Trust Incorporation and Nexpoint Credit Strategies Fund. The fund is mainly aimed at seeking capital and income appreciation. So as to achieve their goal, they invest equity as well as below investment grade debts. The portfolio of Nexpoint Credit’s is quite remarkable. The company is gauged to be worth around $600 million. Also, the company’s net assets are calculated to be worth approximately $382 million.
In comparison with other close-end funds, the Nexpoint Credit is entirely different. The difference occurs due to the attempts of trying to exceed the resurrection of the HFR Global Hedge Fund Indexes as well as CS Hedge Fund. Over the years, the fund has accumulated various holdings. Most of the holdings are under James Dondero’s name or Highland Capital.
Though the fund had experienced a slight downfall, it is now backing on track. The fund is up and running very well. In fact, Nexpoint had decided to offer a $2.4 per share regarding dividends on a monthly basis. The Dividends are only applicable to the shareholders.