NexPoint Credit Strategies Fund (NYSE: NHF) ("NHF") announced today that
the Securities and Exchange Commission (the “SEC”) has completed its
review and declared effective the Form 10 registration statement filed
by NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT"). The Form 10
contains an information statement that prior to the distribution date
will be sent to all shareholders of NHF entitled to receive shares of
common stock of NXRT in the spin-off. The information statement provides
additional details about NXRT and the spin-off. A copy of the
preliminary information statement can be found on NXRT’s website, www.nexpointliving.com,
under the Investor Relations tab.
Additionally, NHF announced today that NXRT’s management team intends to
make a series of presentations to the investment community in
anticipation of the spin-off. The slides that NXRT’s management will use
in connection with these presentations can be found on NXRT’s website, www.nexpointliving.com,
under the Investor Relations tab. NXRT will also file the presentation
with the SEC on Form 8-K.
About NexPoint Credit Strategies Fund
NHF is a closed-end fund managed by NexPoint Advisors, L.P. NHF’s
investment objectives are to provide both current income and capital
appreciation. NHF is invested primarily in below investment grade debt
and equity securities and has the ability to hedge risk. The manager
attempts to exceed the return of the Dow Jones Credit Suisse Hedge Fund
Index in a transparent, registered fund format with monthly dividends.
No assurance can be given that NHF will achieve its investment
objectives. Shares of closed-end investment companies frequently trade
at a discount to net asset value. The price of NHF’s shares is
determined by a number of factors, several of which are beyond the
control of NHF. Therefore, NHF cannot predict whether its shares will
trade at, below or above net asset value. Past performance does not
guarantee future results. More information about NHF is available at http://www.nexpointadvisors.com.
Cautionary Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based on
management's current expectations, assumptions and beliefs.
Forward-looking statements can often be identified by words such as
"will,” “intends” and similar expressions, and variations or negatives
of these words. These forward-looking statements include, but are not
limited to, statements regarding NXRT’s information statement and
investor presentations. They are not guarantees of future results and
are subject to risks, uncertainties and assumptions that could cause
actual results to differ materially from those expressed in any
forward-looking statement. Readers should not place undue reliance on
any forward-looking statements and are encouraged to review NXRT’s Form
10 registration statement, including its preliminary information
statement, filed with the SEC, for a more complete discussion of the
risks and other factors that could affect any forward-looking
statements. Except as required by the federal securities laws, NHF does
not undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, changing circumstances or any other reason after the date
of this press release, except as required by law.
Copyright Business Wire 2015