SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

HIGHLAND CAPITAL MANAGEMENT LP

(Last)

(First)

(Middle)

300 CRESCENT COURT, SUITE 700

(Street)

DALLAS

75201

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
NexPoint Credit Strategies Fund [ NHF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Investment Adviser

3. Date of Earliest Transaction (Month/Day/Year)
03/28/2008

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/28/2008		P		1,061⁽¹⁾	A	$14.5938	1,207,542.38⁽²⁾	D
Common Stock	03/31/2008		P		16,677⁽¹⁾	A	$15.174	1,224,219.38	D
Common Stock	04/01/2008		P		10,132⁽¹⁾	A	$16.5767	1,234,351.38	D
Common Stock	04/01/2008		P		4,613⁽¹⁾	A	$15.4589	1,238,964.38	D
Common Stock	04/03/2008		P		16,146⁽¹⁾	A	$16.9052	1,255,110.38	D
Common Stock	04/04/2008		P		20,760⁽¹⁾	A	$16.9107	1,275,870.38	D
Common Stock	04/08/2008		P		16,260⁽¹⁾	A	$24.1822	1,292,130.38	D
Common Stock	04/08/2008		P		6,801⁽¹⁾	A	$6.5607	1,298,931.38	D
Common Stock	04/08/2008		P		5,721⁽¹⁾	A	$17.7314	1,304,652.38	D
Common Stock	06/10/2013		P		2,477⁽¹⁾	A	$7.9968	1,307,129.38	D
Common Stock	07/01/2013		P		2,750⁽¹⁾	A	$7.9483	1,309,879.38	D
Common Stock	08/01/2013		P		2,800⁽¹⁾	A	$7.8075	1,312,679.38	D
Common Stock	08/01/2013		P		57⁽¹⁾	A	$7.8137	1,312,736.38	D
Common Stock	09/04/2013		P		2,982⁽¹⁾	A	$7.5115	1,315,718.38	D
Common Stock	10/02/2013		P		2,883⁽¹⁾	A	$7.9251	1,318,601.38	D
Common Stock	11/01/2013		P		2,754⁽¹⁾	A	$8.2269	1,321,355.38	D
Common Stock	12/02/2013		P		2,560⁽¹⁾	A	$8.9152	1,323,915.38	D
Common Stock	07/31/2009		P		154.369⁽³⁾	A	$54.7854	582	I	By Highland Equity Focus Fund, L.P.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

HIGHLAND CAPITAL MANAGEMENT LP

(Last)

(First)

(Middle)

300 CRESCENT COURT, SUITE 700

(Street)

DALLAS

75201

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Investment Adviser

1. Name and Address of Reporting Person^*

DONDERO JAMES D

(Last)

(First)

(Middle)

300 CRESCENT COURT, SUITE 700

(Street)

DALLAS

75201

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. These shares are directly held by Highland Capital Management, L.P. ("HCMLP"). Mr. Dondero is the President and the director 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.

2. The Reporting Persons inadvertently reported the incorrect number of securities beneficially owned by them following a Form 4 filed with the Securities and Exchange Commission on August 16, 2013 and in each of the Form 4s filed after such filing. The amount reported herein reflects the number of shares beneficially owned by the Reporting Persons as of the date of this filing after taking into account each of the transactions listed herein.

3. These shares are directly held by Highland Equity Focus Fund, L.P. ("HEFF"). HCMLP is the investment adviser of HEFF. Mr. Dondero is the President and the director of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HEFF. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Remarks:

	/s/ James D. Dondero, President	10/24/2014
	/s/ James D. Dondero	10/24/2014
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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