NexPoint Strategic Opportunities Fund Announces Significant Participation in Exchange Offer with $121 Million Tendered, Extends Expiration Date to January 4, 2021
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DALLAS, Dec. 11, 2020 /PRNewswire/ NexPoint Strategic Opportunities Fund (NYSE: NHF) ( NHF or the Company ) today announced its receipt of significant participation in its tender offer to purchase up to 15 million of its common shares ( Common Shares ) in exchange for consideration consisting of approximately 20% cash and 80% newly-issued Series A Cumulative Preferred Shares ( Series A Preferred Shares ) (collectively, the Exchange Offer ). Total Common Shares tendered were equal to 81% of the Exchange Offer.
American Stock Transfer & Trust Company, LLC, the Depositary for the Exchange Offer, has informed the Company that $121 million in Common Shares have been validly tendered and not withdrawn since the commencement of the Exchange Offer. The Company belie