Highland Global Allocation Fund announced the declaration of monthly distributions of $0.081 per share, payable on the dates noted below. 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 per share, as reported for the final five trading days of the 2021 calendar year. The Fund is declaring distributions of $0.081 per month for October through December 2022. Ex-Date is October 21, 2022, November 22, 2022 and December 22, 2022. Record Date is October 24, 2022, November 23, 2022 and December 23, 2022. Payable Date is October 31, 2022, November 30, 2022 and
December 30, 2022.