Highland Capital Management Fund Advisors, L.P. Announces Favorable Claim for Highland Floating Rate Opportunities Fund

Highland Capital Management Fund Advisors, L.P. announces that Highland Floating Rate Opportunities Fund (HFRZX) (“HFRZX” or the “Fund”) expects to benefit from an outstanding claim in favor of the Fund in an amount up to $20.5 million, subject to the final calculation. We do not have an anticipated date in which these amounts will be received by the Fund.

The Fund aims to provide investors with alpha beyond the benchmark index by balancing assets across three investment areas. These areas encompass senior bank loans, CLOs and distressed or restructured debt. This differentiated management style helps reduce the fund’s correlation not only to the equity and fixed income markets but also to the broader bank loan category.

About Highland Capital Management

Highland Capital Management is an SEC-registered investment adviser which, together with its affiliates, has approximately $19 billion of assets under management. Founded in 1993 by Jim Dondero and Mark Okada, Highland is one of the largest and most experienced global alternative credit managers. Highland’s strategies include collateralized loan obligations (CLOs), high yield bonds, distressed credit, public and private equities, structured products and natural resources.

Investors should consider the investment objectives, risks, charges and expenses of the Highland Funds carefully before investing. Please call 1-877-665-1287 or visit www.highlandfunds.com for more information on the Funds. Please read the prospectus carefully before you invest.

All wholesalers are licensed, and securities may be offered, through NexBank Securities, Inc., an affiliate of Highland Funds. NexBank Securities, Inc. is a FINRA member firm.