X0306 4 2020-03-26 0 0001356115 NexPoint Strategic Opportunities Fund NHF 0001228922 DONDERO JAMES D 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 0 1 1 0 See Remarks Common Stock 2020-03-26 4 S 0 86634 8.08 D 1336044.33 I See Footnote Common Stock 2020-03-26 4 S 0 1768 8.08 D 1334276.33 I See Footnote Common Stock 2020-03-27 4 S 0 127261 8.15 D 1207015.33 I See Footnote Common Stock 1825377 I See Footnote Common Stock 2071228.85 I See Footnote Common Stock 50106.327 I By employee benefit plan Common Stock 14701.216 D The Reporting Person's sale of NexPoint Strategic Opportunities Fund ("NHF") common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934; therefore, no disgorgement was owed. The sales reported herein were for cash management purposes and do not reflect the portfolio manager's long-term view of the investment. These shares are held by Highland Capital Management, L.P. ("HCMLP") both directly and indirectly through advised accounts. Mr. Dondero is sole member of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMLP. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. These shares are held by certain managed accounts ultimately advised by Mr. Dondero (collectively, the "Highland Accounts"). Mr. Dondero may be deemed to have an indirect beneficial owner of shares held by the Highland Accounts. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. These shares are held by The Dugaboy Investment Trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares. These shares are held pursuant to an employee benefit plan. These shares are held directly by Mr. Dondero. President and Principal Executive Officer /s/ James D. Dondero 2020-03-30