NexPoint Credit Strategies Fund Announces Declaration Of February Regular Distribution
NexPoint Credit Strategies Fund (the “Trust”) (NYSE: NHF) today announced that its Board of Trustees (the “Board”) has declared a regular distribution on its common stock, for February 2013, of $0.035 per share, payable on the last business day of the month to holders of record at the close of business February 25, 2013.
As of January 31, 2013, the Trust had estimated undistributed net investment income of approximately $4.8 million (unaudited). The following are annualized historical distribution rate calculations based on the total declared distribution for the month, the Trust’s net asset value (“NAV”) at month-end and the Trust’s month-end closing price (“Market Price”).
| Month-End Distribution Rates | Annualized | |||||||||||||||||||||||
| Amount | Market | |||||||||||||||||||||||
| Payment Date | Ordinary | ST Cap Gain | LT Cap Gain | Total | NAV | Price | ||||||||||||||||||
| January 31, 2013 | $ | 0.0350 | $ | — | $ | — | $ | 0.0350 | 5.45 | % | 5.97 | % | ||||||||||||
| December 31, 2012 | $ | 0.0350 | $ | — | $ | — | $ | 0.0350 | 5.65 | % | 6.33 | % | ||||||||||||
| November 30, 2012 | $ | 0.0350 | $ | — | $ | — | $ | 0.0350 | 5.76 | % | 6.57 | % | ||||||||||||
| October 31, 2012 | $ | 0.0350 | $ | — | $ | — | $ | 0.0350 | 5.72 | % | 6.33 | % | ||||||||||||
| September 30, 2012 | $ | 0.0350 | $ | — | $ | — | $ | 0.0350 | 5.69 | % | 6.08 | % | ||||||||||||
| August 31, 2012 | $ | 0.0350 | $ | — | $ | — | $ | 0.0350 | 5.84 | % | 6.28 | % | ||||||||||||
| July 31, 2012 | $ | 0.0350 | $ | — | $ | — | $ | 0.0350 | 6.03 | % | 6.69 | % | ||||||||||||
| June 30, 2012 | $ | 0.0350 | $ | — | $ | — | $ | 0.0350 | 6.03 | % | 6.69 | % | ||||||||||||
| May 31, 2012 | $ | 0.0350 | $ | — | $ | — | $ | 0.0350 | 6.12 | % | 6.82 | % | ||||||||||||
| April 30, 2012 | $ | 0.0350 | $ | — | $ | — | $ | 0.0350 | 5.87 | % | 6.67 | % | ||||||||||||
| March 31, 2012 | $ | 0.0350 | $ | — | $ | — | $ | 0.0350 | 5.97 | % | 6.62 | % | ||||||||||||
| February 29, 2012 | $ | 0.0350 | $ | — | $ | — | $ | 0.0350 | 5.85 | % | 6.64 | % | ||||||||||||
Distribution rates are calculated by annualizing the distribution declared during the period and then dividing the resulting annualized distribution by the month-end NAV (in the case of NAV) or the month-end closing price (in the case of Market Price). The distribution rate is based on an estimation of investment income and may or may not include a return of capital. The distribution rate is based solely on actual distributions, which are made at the discretion of the Board.
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