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Highland Global Allocation Fund Announces Monthly Distribution

The Highland Global Allocation Fund (NYSE: HGLB) has revealed important news for its shareholders. On October 1, 2025, the Fund declared a monthly distribution of $0.088 per share which will be payable for the months leading into the end of the year. This monthly dividend announcement has been made under the Fund's level distribution policy, which aims to provide stability in shareholder returns, particularly during fluctuating market conditions.

Distribution Details

Here's a breakdown of when shareholders can expect their distributions:

• - October:

- Ex-Date: October 24, 2025
- Record Date: October 24, 2025
- Payable Date: October 31, 2025

• - November:

- Ex-Date: November 21, 2025
- Record Date: November 21, 2025
- Payable Date: November 28, 2025

• - December:

- Ex-Date: December 24, 2025
- Record Date: December 24, 2025
- Payable Date: December 31, 2025

This structured payout reflects a commitment to distributing 8.5% of the average net asset value (NAV) per share, calculated during the final trading days of the previous calendar year. This consistent approach is essential for investors looking to receive dividends on a predictable schedule.

Level Distribution Policy Explained

The Fund's Board approved this level distribution policy back in March 2019. It allows monthly distributions to be made at a set rate, subject to an annual reset based on NAV calculations. Although the policy aims to offer a steady cash flow, market conditions, interest rates, and overall equity and fixed-income market performances can influence yield stability.

Under these guidelines, shareholders can either opt to reinvest their distributions into new shares via the Fund's Dividend Reinvestment Plan or take cash payments directly by communicating with their brokerage or financial adviser. It's essential for shareholders to opt-out of the reinvestment plan if they prefer cash.

Considerations for Shareholders

Investors must take note that while the goal is to maintain regular distributions, the actual amounts can fluctuate based on the income generated from the Fund’s investments during that period. In certain circumstances, the distribution might include a return of capital, which essentially signifies that shareholders are receiving back part of their initial investment rather than a return purely on profits generated.

The level distribution strategy may occasionally result in payments that do not reflect only the Fund's net investment income for the period. Shareholders can expect notifications regarding distribution compositions, ensuring transparency regarding the sources of their payments. For accurate tax reporting, the actual amounts and their origins may differ and will be clarified through internal documentation issued by the Fund at the end of the fiscal year.

Also noteworthy is that the Board retains the right to adjust the distribution policy or even suspend distributions without prior notice. Any adjustments made to the distribution policy could consequently affect the trading prices of the Fund's shares, emphasizing the importance of keeping vigilant on market movements.

Conclusion

The Highland Global Allocation Fund’s scheduled distribution of $0.088 per share lays a solid groundwork for investors who prioritize income reliability. This aligns with the Fund's overarching objective to balance risk and reward effectively. With ongoing market fluctuations, stakeholders must remain informed about how such distributions may affect their investments and financial strategies. For detailed information, including tax implications, it's always prudent to speak to a financial advisor or refer to the Fund’s prospectus for comprehensive insights into investment opportunities and related considerations.

For additional inquiries or specifics related to the Highland Global Allocation Fund, shareholders and potential investors can access resources through NexPoint Asset Management.