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DALLAS, April 1, 2022 /PRNewswire/ — Highland Global Allocation Fund (NYSE:HGLB) (“the “Fund”) today announced the declaration of monthly distributions of $0.081 per share, payable on the dates noted below. Under the Fund’s level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund’s net asset value (“NAV”) per share, as reported for the final five trading days of the 2021 calendar year. The Fund is declaring distributions of $0.081 per month for April through June 2022.
The following dates apply to the distributions declared:
|
Ex-Date |
Record Date |
Payable Date |
|
April 21, 2022 |
April 22, 2022 |
April 29, 2022 |
|
May 23, 2022 |
May 24, 2022 |
May 31, 2022 |
|
June 22, 2022 |
June 23, 2022 |
June 30, 2022 |
About the Level Distribution Policy
In March 2019the Fund’s Board of Trustees (the “Board”) approved a level distribution policy (the “Level Distribution Policy”) under which the Fund makes monthly distributions to stockholders at a constant and fixed (but not guaranteed) rate that will reset annually to a rate calculated based on the average of the Fund’s NAV per share (the “Distribution Amount”), as reported for the final five trading days of the month preceding the announcement of distributions. The Distribution Amount applicable to Q1 2022 was reset based upon the results of the distribution rate calculation. The Distribution Amount applicable for future periods may be reset based upon the results of the distribution rate calculation.
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