This article was first released to CEF/ETF Income Laboratory subscribers one month ago, so data may be out of date. Please check latest data before making investment decisions.
NHF offering oversubscribed
As mentioned in our latest Weekly Closed-End Fund Roundup (public link), NexPoint Strategic Opportunities Fund's (NHF) rights offering expired last week and the preliminary results are in.
As expected, the fund was heavily oversubscribed, with 231% subscription requests received relative to the number of shares being available to be offered in the primary offering. The fund is therefore expected to