NexPoint Advisors LP has approved the suspension of the company’s monthly distribution commencing with the month ending May 31, 2020, whether in cash or pursuant to the company’s distribution reinvestment plan, according to a filing with the Securities and Exchange Commission.
NexPoint Advisors LP continues to evaluate the portfolio with the board to determine the timing and amount of future dividend declarations.
Effective June 3, 2020, the board of the company approved the determination of the company’s net asset value per share at $5.69 per share.
