NexPoint Credit Strategies Fund Announces Declaration Of December 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 December 2012, of $0.035 per share, payable on the last business day of the month to holders of record at the close of business December 20, 2012.

As of November 30, 2012, the Trust had estimated undistributed net investment income of approximately $4.5 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
Payment Date Amount NAV  

Market Price
Ordinary   ST Cap Gain   LT Cap Gain   Total
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 %
January 31, 2012 $ 0.0400 $ $ $ 0.0400 6.77 % 7.64 %
December 31, 2011 $ 0.0400 $ $ $ 0.0400 6.89 % 7.77 %
 

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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