August 1, 2018
NexPoint Capital: A Brief Update
Effective August 1, 2018, the board of directors of NexPoint Capital, Inc. approved the determination of the Company’s net asset value per share...

NexPoint Capital: A Brief Update

August 1, 2018 | James Sprow | Blue Vault

Effective August 1, 2018, the board of directors of NexPoint Capital, Inc. approved the determination of the Company’s net asset value per share and the price at which the Company issues shares under its distribution reinvestment plan at $9.76 per share. NexPoint Capital is a nontraded BDC and is underwritten and managed by a subsidiary of Highland Capital Management. It invests primarily in middle-market companies, syndicated floating rate debt of large public and nonpublic companies and collateralized loan obligations. As of March 31, 2018, the BDC had total assets of $136.6 million and was making quarterly distributions of $0.18 per share.

The latest estimated NAV was up from the $9.69 per share as of June 26, 2018, but down from the March 31, 2018 NAV of $9.85. The year-to-date performance return through March 31, 2018 was 3.63%, following annual performance returns of 10.06% and 27.61% for the years 2017 and 2016, respectively.

Sources:  SEC, Blue Vault

 

Learn more about Highland Capital Management on the Blue Vault Sponsor Focus page

 

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