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NexPoint Advisors, a retail arm of Dallas-based Highland Capital Management, has completed a rights offering for the NexPoint Strategic Opportunities Fund (NYSE: NHF), according to a news release. The closed-end fund was significantly oversubscribed with subscriptions equal to 231 percent of the primary offering. The fund, which was involved in the purchase of Cityplace Tower through its wholly owned REIT subsidiary, will receive $240 million from the offering, bringing it to more than $1 billion.

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