OnAugust 13, 2020, the Board of Trustees of Highland Funds I, on behalf of the Fund, approved a change of the Funds name from the Highland Merger Arbitrage Fund to the NexPoint Merger Arbitrage Fund. The Fund continues to be advised by Highland Capital Management Fund Advisors, L.P., an affiliate of NexPoint.

The HFM U.S. Performance Awards 2020 categories were developed in consultation with the industry to ensure they were representative of the broad and fast-moving nature of the hedge fund sector.

Now in their 14th year, the HFM U.S. Performance Awards recognize U.S. fund performance, covering a range of fund strategiesfrom credit and equity, to macro and managed futures.

/PRNewswire/ –The NexPoint Merger Arbitrage Fund (the Fund) was recognized as the top fund in the Merger Arbitrage category at the HFM U.S. Performance Awards. Winners were announced on

The Fund was also recognized on the shortlist in two other categories: U.S. Equity Long-term Performance (5 Years) Under$1bn, in which the Fund was one of eight funds shortlisted; and Event Driven Under$1bn, in which the Fund was one of six funds shortlisted.

monthly data submitted for their USD share class,charges,and performance track record.please visit or call 1-. Please read the Funds prospectus carefully before investing.The NexPoint Merger Arbitrage Fund is an open-end mutual fund that seeks to generate positive absolute returns. The Fund invests in publicly announced mergers to capture the spread between a target companys stock price and the price offered for that company in the deal announcement.A list of HFM U.S. Performance Awards winners can be found at The judging criteria was carefully considered and structured to result in funds across various strategies being recognized and rewarded for their high achievements.Eligible funds had to satisfy criteria such as base of operation inNorth America,which contains this and other information,Register nowto create your own custom streaming stock watchlist.Before investing in the Fund,risks,and expense. For a copy of a prospectus or summary prospectus,submission of assets under management,you should carefully consider the Funds investment objectives,