NexPoint Strategic Opportunities Fund (NHF) shares surged 5.53% in the after-hours on Friday, August 06, 2021, and closed the weekly trading at $14.15 per share. In the regular trading on Friday, NHF’s stock gained 0.83%. NHF shares have risen 44.19% over the last 12 months, and they have moved down1.69% in the past week. Over the past three months, the stock has gained 11.75%, while over the past six months, it has declined 19.41%.
Let’s have a look at its recent developments.
NHF extend the Purchase offer of UDFI shares
On August 05, 2021, NexPoint Strategic Opportunities Fund (NHF) extended the offering period for its previously announced offer to purchase all Shares of Beneficial Interest of United Development Funding IV at $1.10 per share. The Offer is now scheduled to expire at midnight, Eastern Time, at the end of the day on September 2, 2021, unless the Offer is extended or earlier terminated.
NHF declared July 2021 dividend
On August 02, 2021, NexPoint Strategic Opportunities Fund (NHF) announced its regular monthly distribution on its common stock of $0.05 per share. The distribution will be payable on August 31, 2021, to shareholders of record at the close of business on August 24, 2021.
NHF Won Claims against Credit Suisse
On June 28, 2021, The NexPoint Strategic Opportunities Fund (NHF) provided an update in the case against Credit Suisse, AG, Cayman Islands Branch, and Credit Suisse Securities (USA), LLC (Credit Suisse).
The 134th Judicial District Court issued a judgment today against Credit Suisse, awarding $121 million to Claymore Holdings LLC, the entity formed to pursue the collective claims on behalf of NHF and the Highland Income Fund.
The Court said that as a result of the Texas Supreme Court’s April 2020 ruling, which upheld the prior findings that Credit Suisse committed fraud but remanded the case to the trial court to enter a new damages award.
Credit Suisse has thirty days to file for an appeal of the judgment. The total aggregate award, which stands at $121 million today, consists of damages and prejudgment interest.
Conclusion
We only had one recent news that may or may not be the reason behind its exceptional performance on Friday. we hope that NHF will commence the new week with the same positive trend of Friday.
