<DOCUMENT>
<TYPE>LEGAL PROCEEDINGS
<SEQUENCE>5
<FILENAME>NHF_-_G.1.a.txt
<DESCRIPTION>HIGHLAND LEGAL PROCEEDINGS
<TEXT>
NexPoint Strategic Opportunities Fund
Item G.1.a.i. - Legal Proceedings
Case or Docket Number: 05-15-01463-CV
Full Names of Principal Parties: Claymore Holdings,
LLC v. Credit Suisse AG, Cayman Islands Branch and
Credit Suisse Securities (USA) LLC
Brief Description: Two Highland-managed funds, the
NexPoint Strategic Opportunities Fund and the
Highland Income Fund, are the beneficiaries of a
+$400 million judgment (including accrued interest)
against Credit Suisse related to a syndicated real
estate transaction fraudulently underwritten by the
Swiss bank.  Credit Suisse is appealing the judgment
against it.  The two funds also are participants in
a similar action against Credit Suisse related to
five additional real estate deals in which the funds
allege Credit Suisse committed fraud in relation to
the underwriting.
</TEXT>
</DOCUMENT>
