Highland Global Allocation announced the declaration of monthly distributions of $0.081 per share. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value (“NAV”) per share, as reported for the final five trading days of the 2020 calendar year. The Fund is declaring distributions of $0.081 per month for January through March 2022.

Record Date are January 24, 2022, February 21, 2022 and March 24, 2022. Ex-Date are January 21, 2022, February 18, 2022 and March 23, 2022. Payable on January 31, 2022, February 28, 2022 and March 31, 2022 respectively.