NexPoint Merger Arbitrage Fund

Fund Update: September 28, 2021

On 9/28/2021, NexPoint Merger Arbitrage Fund was recognized on the shortlist for the HFM U.S. Performance Awards 2021. The fund was shortlisted in two categories: Event Driven Under $1bn and Merger Arbitrage. The full list is available on the HFM Awards website: HFM U.S. Performance Awards 2021 Shortlist. At last year’s awards, the fund was recognized as the top fund in the Merger Arbitrage category.

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Investment Objective

Seeks to achieve positive absolute returns

Top Merger Arb Fund – 2020 HFM U.S. Performance Awards

The NexPoint Merger Arbitrage Fund was recognized as the top fund in the Merger Arbitrage category at the HFM U.S. Performance Awards. Read the press release for more information on the awards.

Fund Update: August 12, 2021

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.

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

Class A

TICKER

HMEAX

NAV

$20.31

Inception

08/20/16

Class C

TICKER

HMECX

NAV

$19.84

Inception

08/20/16

Class Z

TICKER

HMEZX

NAV

$20.66

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 the NexPoint Strategic Opportunities Fund (NYSE:NHF). He is also an officer and director at NexPoint’s publicly traded REITs…

Eric Fritz | Portfolio Manager, NexPoint
Mr. Fritz is a Managing Director and Co-Portfolio Manager of the NexPoint Merger Arbitrage Fund. He has over a decade of investment experience including merger arbitrage and long / short equity strategies.

Contact Information

Shareholder Services
NexPoint Merger Arbitrage Fund
(877) 665-1287

Sales Consultants
NexPoint Sales Desk (Main)
(833) 697-7253

Fund News

November 11, 2020 in Featured, NMAF, PRESS RELEASE

NexPoint Merger Arbitrage Fund Named Best Merger Arbitrage Fund at HFM U.S. Performance Awards

DALLAS, Nov. 11, 2020 -- The NexPoint Merger Arbitrage Fund (the "Fund") was recognized as the top fund in the Merger Arbitrage category at the HFM U.S. Performance Awards. Winners were announced…
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October 5, 2020 in NMAF, PRESS RELEASE

NexPoint Merger Arbitrage Fund Earns Spot on HFM U.S. Performance Awards Shortlist in Three Categories

DALLAS – October 5, 2020 – NexPoint, an alternative investment platform comprised of a group of investment advisers and sponsors, a broker-dealer, and a suite of related investment vehicles, announced…
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