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Highland Global Allocation Fund Monthly Distribution Announcement

On October 1, 2026, the Highland Global Allocation Fund (NYSE: HGLB) revealed its latest declaration regarding monthly distributions, which will amount to $0.085 per share. This relatively stable distribution comes under the fund's Level Distribution Policy, which was set in place to provide consistent income to shareholders. The upcoming payments will be made monthly, with distributions scheduled for October, November, and December of 2026.

Key Dates for Distribution

The monthly distributions will be applicable for the following dates:

• - October 23, 2026 - Ex-Date: October 23, 2026, Payable Date: October 30, 2026
• - November 23, 2026 - Ex-Date: November 23, 2026, Payable Date: November 30, 2026
• - December 24, 2026 - Ex-Date: December 24, 2026, Payable Date: December 31, 2026

The Level Distribution Policy Explained

Updated in March 2019, this policy facilitates the fund to maintain a fixed annual distribution rate for shareholders, which resets every year. The current distribution rate equals 8.5% of the average Net Asset Value (NAV) per share, calculated from the last five trading days of 2025. With this structure, the fund aims to provide consistent financial returns, taking into account the fluctuations in market conditions.

Factors Affecting the Distribution

While the Level Distribution Policy strives to offer stability, several external factors may impact its effectiveness. Changes in market conditions, interest rates, or the performance of various financial instruments could notably affect the fund's ability to continue these distributions. The fund is committed to a transparent communication strategy, informing shareholders of the nature and origin of their distributions, particularly if they include a return of capital.

Reinvestment Options

Shareholders can choose to reinvest their distributions to acquire additional shares in the fund through its Dividend Reinvestment Plan (DRIP). Alternatively, they can opt for cash payments by reaching out to AST or their respective financial advisors. To receive cash, shareholders must opt out of the DRIP.

Potential for Policy Amendments

It's important for investors to note that the Board of Trustees may amend the Level Distribution Policy or change the distribution amounts and intervals at their discretion. They may also cease payments if necessary without prior notice. This policy structure is designed to provide the flexibility needed to adapt to changing market conditions, but it does carry a degree of risk for investors.

Conclusion

The Highland Global Allocation Fund, managed by NexPoint Asset Management, offers shareholders a relatively stable monthly dividend, albeit with considerations regarding market performance and potential changes to distribution strategies. As always, investors are advised to stay informed about their investments, keeping an eye on the fund's distribution notices to make informed decisions.

For additional inquiries or to review the details of the Dividend Reinvestment Plan, shareholders are encouraged to visit the fund's prospectus or reach out to their financial advisors.

For more information about the Highland Global Allocation Fund, please visit NexPoint Asset Management.