Highland Funds Announces Posting Of Webcast: Highland Floating Rate & Highland Floating Rate Advantage Funds Update

Highland Capital Management, L.P. (“Highland”) is pleased to announce the availability of an informative webcast consisting of an update on the Highland Floating Rate Fund and Highland Floating Rate Advantage Fund.

In this webcast Highland addresses first quarter performance and other information about the Highland Floating Rate and Highland Floating Rate Advantage Funds.

The pre-recorded webcast can be viewed on our website, www.highlandfunds.com, by selecting Quarterly Webcasts along the navigation bar at the top of the page.

To receive this and future notifications, please select Email Subscription along the navigation bar at www.highlandfunds.com, fill out the required fields, and select “Save”. For more information please call 877.665.1287.

About Highland Funds

Highland Funds is managed by Highland Capital Management, L.P. Based in Dallas, Texas, with offices in New York, Singapore, and an affiliate in London, Highland is an investment adviser registered with the SEC, specializing in credit and alternative investment strategies.

Highland Funds consists of a number of distinct registered investment companies falling into three types: open-end “mutual” funds; closed-end “interval” funds; and traditional closed-end funds.

This press release may contain forward-looking statements describing future plans and objectives. These forward-looking statements, as well as future oral and written statements by the management of Highland Funds, are subject to various risks and uncertainties, which could cause actual results and conditions to differ materially from those projected, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, the future operating results of our portfolio companies, changes in regional, national, or international economic conditions and their impact on the industries in which we invest, or changes in the conditions of the industries in which we invest, and other factors enumerated in our filings with the Securities and Exchange Commission (“SEC”).

We may use words such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may,” “plans,” “could,” “estimates,” “potential,” “continue,” “target,” or the negative of these terms or other similar expressions to identify forward-looking statements. Undue reliance should not be placed on such forward-looking statements as such statements speak only as of the date on which they are made. We do not undertake to update our forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.