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Texas  + Finance  | 
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NexPoint Fund’s Shareholders Approve REIT Status

Shareholders in Dallas-based NexPoint Strategic Opportunities Fund (NHF), a closed-end fund managed by NexPoint Advisors, approved the proposal to covert the fund from a registered investment company to a REIT. They also voted to amend certain fundamental investment restrictions as part of the business change proposal.

The change to a REIT structure is expected to reduce the fund’s historic discount to net asset value, according to an SEC filing. The business change is also expected to increase NHF’s access to the real estate expertise of NexPoint Advisors and its affiliates.

“We are pleased that shareholders recognized the opportunities in both the REIT structure and the real estate investment landscape,” said James Dondero, president of NexPoint Advisors and the fund’s portfolio manager. “We are grateful for the support of the proposal and look forward to delivering value through this transition.”

NHF will become the fourth publicly traded REIT on the NexPoint platform.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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