NexPoint Capital, Inc. Announces Weekly Ordinary Distributions

DALLAS, April 21, 2016 /PRNewswire/ -- NexPoint Capital, Inc. (the "Company"), a non-traded publicly registered business development company and affiliate of Highland Capital Management, L.P., today announced that it intends to declare ordinary distributions on a weekly basis effective May 1, 2016. Please note that such distributions will continue to be paid on a monthly basis. According to its updated distribution schedule, the Company intends to set Monday as the record date for each weekly ordinary distribution and pay ordinary distributions on the date two (2) business days after the last declared ordinary distribution of the month. The Company has adopted an "opt in" distribution reinvestment plan ("DRIP") for its shareholders, as described in the Company's registration statement. As a result, if the Company makes an ordinary distribution, shareholders will receive the distribution in cash unless they specifically "opt in" to the DRIP so as to have their distributions reinvested in additional shares of the Company's common stock. Pursuant to the amended schedule, DRIP Shareholders will accrue dividends on a weekly basis, and the number of shares issued pursuant to the DRIP will be determined by dividing the total dollar amount of the accrued distribution payable to DRIP shareholders by an amount equal to 92% of the price at which common shares are sold in the offering at the last weekly closing of the month.  

Any questions regarding the change to the Company's distribution schedule can be directed to the Company's Tender Agent, DST Systems, Inc., at (844) 485-9167.  The Company's current offering price for its common stock, $9.83 per share as of April 20, 2016, as well as other information, including information about management and the healthcare-focused investment strategy, are available at http://nexpointcapital.com.  The information on or accessible through http://nexpointcapital.com is not incorporated by reference herein.

About NexPoint Advisors and NexPoint Capital, Inc.

NexPoint Capital, Inc. is a healthcare-focused business development company sponsored by Highland Capital Management, L.P. and managed by NexPoint Advisors, L.P., an affiliate of Highland Capital Management, L.P. NexPoint Advisors, L.P., is an SEC-registered investment advisor to the closed end fund, NexPoint Credit Strategies Fund.

About Highland Capital Management, L.P.

Highland Capital Management, L.P. is an SEC-registered investment adviser which, together with our affiliates, has approximately $17 billion of assets under management. Founded in 1993 by Jim Dondero and Mark Okada, Highland is one of the largest and most experienced global alternative credit managers. Highland specializes in credit strategies, such as credit hedge funds, long only funds and separate accounts, distressed and special situation private equity, and collateralized loan obligations (CLOs). Highland also offers alternative investments, including emerging markets, long/short equities, and natural resources. Highland's diversified client base includes public pension plans, foundations, endowments, corporations, financial institutions, fund of funds, governments, and high net-worth individuals. Highland is headquartered in Dallas, Texas and maintains offices in New York, Sao Paolo, Singapore, and Seoul.

Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of NexPoint Advisors, L.P.'s or Highland Capital Management L.P.'s sponsored investment products, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. NexPoint Advisors, L.P. and Highland Capital Management L.P. undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement.

This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Neither the Company, nor the Company's Board of Directors, nor NexPoint Advisors, L.P., makes any recommendation as to whether to tender or not to tender any Shares in the Tender Offer.  No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission.

For information:
Financial Advisors: 855-498-1580
Shareholders: 844-485-9167
Highland Media Relations: 972-419-6272

SOURCE NexPoint Capital, Inc.