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

DALLAS, Sept. 28, 2015 /PRNewswire/ -- Highland Capital Management Fund Advisors, L.P. announces that Highland Floating Rate Opportunities Fund (HFRZX) ("HFRZX" or the "Fund") stands to benefit from a $287.5 million litigation judgment, of which the Fund would receive $236.5 million, subject to counsel fees, expenses and other additional calculations. The Fund also will be seeking $63.5 million in additional pre-judgment interest.  The judgment remains subject to appeal, and no assurance can be given that the Fund will be successful in seeking pre-judgment interest; it is not known when or how much, if any, of these monies the Fund will receive.  As a result in accordance with GAAP, this judgement is not currently recorded as an asset of the fund.

The Fund aims to provide a high level of current income, consistent with the preservation of capital.

About Highland Capital Management

Highland Capital Management, L.P. is an SEC-registered investment adviser which, together with its affiliates, has approximately $22 billion of assets under management. Founded in 1993 by James Dondero and Mark Okada, Highland is one of the largest and most experienced global alternatives, credit and equity managers and has been instrumental in providing alternative investment solutions for over 20 years. Highland invests across a variety of asset classes and structures within the alternative landscape including hedge funds, separate accounts, distressed and special situations private equity, collateralized loan obligations (CLOs), mutual funds and ETFs. Highland's diversified client base includes wealth managers, public pension plans, foundations, endowments, corporations, financial institutions, fund of funds, governments, and high net-worth individuals. Our firm is headquartered in Dallas, Texas and maintains offices in New York, São Paulo, Singapore, and Seoul.

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.

Contacts:

Investor Relations  
Highland Capital Management, L.P.  
Brian Mitts, 972-419-2556  
[email protected]

Public Relations  
Prosek Partners 
Cristina Martinez, 212-279-3115 x215
[email protected]

SOURCE Highland Capital Management, L.P.

Related Links

http://www.highlandfunds.com