Highland Global Allocation Fund announced the declaration of monthly distributions of $0.081 per share, payable on April 29, 2022, May 31, 2022 and June 30, 2022. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value (NAV) per share, as reported for the final five trading days of the 2021 calendar year. The Fund is declaring distributions of $0.081 per month for April through June 2022.

Ex-date is April 21, 2022, May 23, 2022 and June 22, 2022. Record date is April 22, 2022, May 24, 2022 and June 23, 2022. Payable date is April 29, 2022, May 31, 2022 and June 30, 2022 respectively.