NexPoint Capital, Inc. Announces Tender Offer for Common Stock
DALLAS, Dec. 26, 2018 /PRNewswire/ — NexPoint Capital, Inc. (the “Company”), a non-traded publicly registered business development company and affiliate of Highland Capital Management, L.P., today announced the expiration and final results for its tender offer (the “Tender Offer”) for up to 2.5% of its outstanding common stock (“Shares”) at a price of $8.72 per Share (an amount approved by the Company’s board of directors on December 20, 2018), plus any unpaid dividends accrued through the expiration date of the Tender Offer. The Fund’s Tender Offer expired on December 20, 2018 at 5:00 p.m. New York City time. 177,292 shares of the Company were tendered for repurchase in the Tender Offer.
Any questions regarding the Tender Offer can be directed to the Company’s Tender Agent, DST Systems, Inc., at 1-844-485-9167. The Company’s current offering price for its Shares, as well as other information, including information about management and the healthcare-focused investment strategy, are available at nexpointcapital.com. The information on or accessible through nexpointcapital.com is not incorporated by reference herein.
About NexPoint Advisors and NexPoint Capital, Inc.
NexPoint Capital, Inc. is a healthcare-focused business development company sponsored and managed by NexPoint Advisors, L.P., an affiliate of Highland Capital Management, L.P. NexPoint Advisors, L.P., is an SEC-registered investment advisor to the closed end fund, NexPoint Credit Strategies Fund.
About Highland Capital Management, L.P.
Highland Capital Management, L.P. is a multibillion-dollar global alternative investment manager founded in 1993 by Jim Dondero and Mark Okada. A pioneer in the leveraged loan market, the firm has evolved over 25 years, building on its credit expertise and value-based approach to expand into other asset classes. Today, Highland operates a diverse investment platform, serving both institutional and retail investors worldwide. In addition to high yield credit, Highland’s investment capabilities include public equities, real estate, private equity and special situations, structured credit, and sector- and region-specific verticals built around specialized teams. Highland is headquartered in Dallas, Texas and maintains offices in New York, Buenos Aires, São Paulo, Singapore, and Seoul. For more information visit highlandcapital.com.
Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of NexPoint Advisors, L.P.’s or Highland Capital Management L.P.’s sponsored investment products, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. NexPoint Advisors, L.P. and Highland Capital Management L.P. undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement.
This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Neither the Company, nor the Company’s Board of Directors, nor NexPoint Advisors, L.P., makes any recommendation as to whether to tender or not to tender any Shares in the Tender Offer. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission.
For information on the Tender Offer:
Financial Advisors: 855-498-1580
Highland Media Relations: 972-419-6272