Highland Global Allocation Fund Announces Monthly Distributions for Q4 2026
The Highland Global Allocation Fund (NYSE: HGLB) has declared monthly distributions of $0.085 per share for October through December 2026, under its level distribution policy. The annual rate was reset to reflect 8.5% of the average net asset value (NAV) from the final five trading days of 2025. Distributions will be paid on October 30, November 30, and December 31, with ex-dates set for each month's third week. The Fund’s level distribution policy allows it to maintain a consistent monthly payout rate that is recalculated annually based on NAV performance. However, the Board of Trustees has emphasized that this approach does not guarantee future distributions due to market volatility and other factors such as interest rates or equity performance. Shareholders may choose between cash payments or reinvesting through the Fund’s Dividend Reinvestment Plan. The policy allows for flexibility in payout amounts if investment income is insufficient, potentially leading to returns of capital rather than earnings-based dividends.
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Topics: dividends investment funds