Highland Global Allocation Fund Sets $0.085 Monthly Distribution, 8.5% Annual Rate
HGLB•Highland Global Allocation Fund will pay monthly distributions of $0.085 per share for July through September 2026, with ex-dates on July 24, August 24 and September 23. The fund’s annual distribution rate was reset to 8.5% of the average NAV from the final five trading days of 2025.
1. Distribution Details
The fund declared monthly distributions of $0.085 per share for July, August and September 2026. Ex-dates and record dates fall on July 24, August 24 and September 23, with payable dates on July 31, August 31 and September 30 respectively.
2. Level Distribution Policy
Under the level distribution policy approved in March 2019, the annual distribution rate resets each year based on the average NAV over the final five trading days of the prior calendar year. For Q3 2026, the rate was set at 8.5% of that NAV average.
3. Distribution Composition and Return of Capital
Distributions may consist of net investment income, realized capital gains or, if income is insufficient, return of capital. Return of capital reduces the fund’s assets and could affect its expense ratio, and detailed composition will be provided after each distribution.
