HGLB: Flawed Portfolio Structure Limits Appeal

Highland Global Allocation Fund remains a hold due to concentration risks and sensitivity to interest rate changes. HGLB trades at a 27% discount to NAV, but its income generation relies heavily on positive net realized gains rather than stable net investment income. The fund's high 11.4% yield is attractive, yet dividend sustainability is questionable if rates fall or markets turn negative.

Seeking Alpha • Jan 12, 2026

Highland Global Allocation Fund Declares Monthly Distributions of $0.085 Per Share

DALLAS, Jan. 2, 2026 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.085 per share, payable on the dates noted below. 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 2025 calendar year.

PRNewsWire • Jan 2, 2026

Highland Global Allocation Fund (HGLB) Announces Addition to Portfolio Management Team, Provides Update on Recent NAV Increase

DALLAS , Oct. 7, 2025 /PRNewswire/ -- The Highland Global Allocation Fund (NYSE: HGLB) ("HGLB" or the "Fund") today announced an addition to the Fund's portfolio management team. Effective October 7, 2025.

PRNewsWire • Oct 7, 2025

HGLB: Heavily Concentrated In A Few Positions

Highland Global Allocation Fund offers global exposure and a high 11.6% yield, but faces concentration and earnings consistency risks. HGLB trades at a deep 35.76% discount to NAV, yet its heavy reliance on a few holdings increases vulnerability to market downturns. Dividend coverage is inconsistent, with payouts fueled by both net investment income and return of capital, affecting income stability and tax efficiency.

Seeking Alpha • Oct 3, 2025

Highland Global Allocation Fund Declares Monthly Distributions of $0.088 Per Share

DALLAS , Oct. 1, 2025 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.088 per share, payable on the dates noted below. 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 2024 calendar year.

PRNewsWire • Oct 1, 2025

HGLB: Solid CEF With Blended Portfolio Strategy

Highland Global Allocation Fund offers a high-yield and global diversification, but its distribution history is inconsistent and partially reliant on return of capital. The fund trades at a persistent discount to NAV, reflecting structural or performance concerns compared to higher-quality closed-end funds. HGLB's heavy exposure to interest rate-sensitive sectors and reliance on net realized gains make it vulnerable in the current high-rate environment.

Seeking Alpha • Jun 12, 2025

HGLB: 12%-Plus Yield, 33% Discount

The Highland Global Allocation Fund is a closed-end fund investing in U.S. and international equities, fixed income, and select alternative investments for long-term growth. HGLB offers a 12.69% yield with monthly dividends but has a low 5-year dividend growth rate due to past reductions. The fund's heavy concentration in MidWave Wireless (34%) and significant exposure to real estate and energy sectors pose diversification and economic risks.

Seeking Alpha • Mar 28, 2025

Very Bad News For Closed-End Funds

Closed-end funds offer unique opportunities due to their discount/premium mechanisms, allowing share prices to deviate from net asset value per share in a wild manner. In general, CEFs often provide diverse exposure across equity and fixed-income portfolios, and they even offer exposure to hybrid portfolios, but also allowing for sector-specific exposure. One important note is that not all premiums or discounts indicate a buying or selling opportunity; instead, it can make more sense to examine relative value over historical periods.

Seeking Alpha • Feb 24, 2025

Closed-End Funds: Screening For Potential Opportunites To Kick Off Q1 2025

The closed-end fund space saw a significant narrowing of discounts throughout 2024 as equity markets charged higher and now discounts remain tight heading into 2025. In particular, equity CEFs have seen significantly narrowed discounts along with taxable fixed-income, though municipal bond funds look relatively attractive after widening discounts in December. We are screening for funds with the deepest discounts and widest z-scores to find potential buys and funds that may be getting a bit pricey as sell candidates.

Seeking Alpha • Jan 13, 2025

Highland Global Allocation Fund Declares Monthly Distributions of $0.081 Per Share

DALLAS , Oct. 1, 2024 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.081 per share, payable on the dates noted below. 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 2023 calendar year.

PRNewsWire • Oct 1, 2024