The Fund today announced that its Board of Trustees (the “Board”) has authorized a new share repurchase program (the “Program”) pursuant to which the Fund may repurchase up to $100 million of its outstanding common shares in open-market transactions over a two-year period commencing today, June 9, 2026.

The Program succeeds the Fund’s prior $100 million repurchase program, which expired in 2025. The new Program reflects the continued commitment of the Board and NexPoint Asset Management, L.P. (the “Adviser”) to reducing the discount between the Fund’s common share price and its net asset value (“NAV”) per share and to enhancing long-term shareholder value.