NexPoint Merger Arbitrage Fund
September 12, 2024
The NexPoint Merger Arbitrage Fund (the “Fund”), was recognized on the shortlist for the HFM U.S. Performance Awards 2024 for the fifth consecutive year.
The Fund was shortlisted in two categories:
- Event-Driven – Merger Arbitrage, where the Fund was one of seven funds shortlisted.
- Event-Driven – Over $500m, where the Fund was one of eight funds shortlisted.
October 19, 2022
On 10/19/2022, NexPoint Merger Arbitrage Fund wins 2022 HFM U.S. Performance Awards. The Fund won in the Event Driven Over $1 Billion category.
Investment Objective
Seeks to achieve positive absolute returns
Distribution Calendar
| Dividend Period | Declaration Date | Ex-Date | Record Date | Payable Date |
| March | 3/20/2024 | 3/21/2024 | 3/20/2024 | 03/22/2024 |
| June | 6/18/2024 | 6/20/2024 | 6/18/2024 | 06/21/2024 |
| September | 9/23/2024 | 9/24/2024 | 9/23/2024 | 09/25/2024 |
| December | 12/18/2024 | 12/19/2024 | 12/18/2024 | 12/20/2024 |
*See distribution policy below
Investment Strategy
Invest in publicly announced mergers to capture the spread between the current price of a target company and the announced offer price for that company
Investment Rationale
- Alternative investment that seeks to reduce overall portfolio volatility and correlation
- Potential alternative or complement to fixed income given similar levels of risk & volatility
Literature
Class A
TICKER
HMEAX
NAV
$19.42
Inception
08/20/16
Class C
TICKER
HMECX
NAV
$18.86
Inception
08/20/16
Class Z
TICKER
HMEZX
NAV
$19.82
Inception
01/21/15
Portfolio Managers
James Dondero | Founder, NexPoint
James Dondero is the founder of NexPoint. In addition to overseeing the group’s business and investment activities, Mr. Dondero serves as the portfolio manager of NexPoint Merger Arbitrage Fund, Event Driven Fund, and Climate Tech Fund. He is also an officer and director at NexPoint’s publicly traded REITs.
Scott Johnson | Portfolio Manager, NexPoint
Mr. Johnson is a Managing Director and Portfolio Manager at NexPoint Advisors, L.P. He has over 25 years of investment management experience with extensive experience in private equity, mergers and acquisitions and long/short hedge funds.
Contact Information
Shareholder Services
NexPoint Merger Arbitrage Fund
(877) 665-1287
Sales Consultants
NexPoint Sales Desk (Main)
(833) 697-7253
Fund News
NexPoint Merger Arbitrage Fund Earns Spot on HFM U.S. Performance Awards
DALLAS, Sept. 12, 2024 /PRNewswire/ -- NexPoint, a multibillion-dollar alternative investment firm, announced today that the NexPoint Merger Arbitrage Fund (the "Fund") was recognized on the shortlist for the HFM U.S. Performance Awards…
Read More
NexPoint Merger Arbitrage Fund Earns Spot on HFM U.S. Performance Awards Shortlist in Two Categories
DALLAS, Sept. 18, 2023 /PRNewswire/ -- NexPoint, a multibillion-dollar alternative investment firm, announced today that the NexPoint Merger Arbitrage Fund (the "Fund") was recognized on the shortlist for the HFM U.S. Performance Awards…
Read More
NexPoint Merger Arbitrage Fund Named Best Event Driven Fund Over $1 Billion at HFM U.S. Performance Awards
DALLAS, Oct. 19, 2022 /PRNewswire/ -- NexPoint, a multibillion-dollar alternative investment firm, announced today that the NexPoint Merger Arbitrage Fund (the "Fund") won a 2022 HFM U.S. Performance Award. The Fund won in the Event…
Read More
NexPoint Merger Arbitrage Fund Earns Spot on HFM U.S. Performance Awards Shortlist in Two Categories
DALLAS – September 28, 2021 – NexPoint, a multibillion-dollar alternative investment platform, announced today that the NexPoint Merger Arbitrage Fund (the “Fund”) was recognized on the shortlist for the HFM…
Read More
Fund Update : August 12, 2021 Distribution Policy
On 8/12/2021, The Board of Trustees approved a new distribution schedule that distributions paid by the Fund are made quarterly instead of annually and at a constant and fixed rate that will reset annually to a rate equal to 5.0% of the Fund’s net asset value per share. The December distribution may exceed 1.25% as it may also include any outstanding capital gains and ordinary income above the 5.0% annual target distribution.
We anticipate the Fund’s distributions will be primarily comprised of short-term realized gains (which is taxed as ordinary income) and other ordinary income.
