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I own this stock and it's down around 50%. Now they are....

"Fund to Conduct "Modified Dutch Auction" Exchange Offer for up to 15 Million Common Shares in Exchange for Preferred Shares and Cash; Offer Price Between $10.00 and $12.00 per Share Represents a Premium of 20%-44% Over Current Market Price"

They are also converting to a REIT to be complete Q1 2021.

This offer will not make me whole - I'm just wondering what the best course of action is at this time...go with the high $12 exchange or ignore it and hold the common stock?

I'm completely lost on this and would appreciate any help/input.
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What to do about NHF?

From Seeking Alpha:
NexPoint Strategic Opportunities Fund is a closed ended balanced mutual fund launched by Highland Capital Management, L.P. It is managed by Nexpoint Advisors, L.P. The fund invests in the fixed income markets of the United States. It invests in companies across broadly diversified sectors to construct its portfolio. The fund typically invests in senior loans, secured and unsecured floating and fixed rate loans, bonds, debt obligations of stressed, distressed, and bankrupt issuers, mortgage-backed securities, asset-backed securities, and collateralized debt obligations with a primary focus on below investment grade debt and equity securities. It employs a quantitative analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the Dow Jones Credit Suisse Hedge Fund and the HFRX Global Hedge Fund. It was formerly known as NexPoint Credit Strategies Fund. NexPoint Strategic Opportunities Fund was formed on June 1, 2006 and is domiciled in the United States.

So that explains why it’s down. Their assets are non-performing due to COVID-19.

This offer will not make me whole - I'm just wondering what the best course of action is at this time...go with the high $12 exchange or ignore it and hold the common stock?

I'm completely lost on this and would appreciate any help/input.


Why did you buy this? What were your goals here? That will help guide your next move.

They’ve suspended the dividend and are trying to raise capital. These aren’t good signs. I don’t expect these assets are suddenly going to start performing again anytime soon.

Regards,

- HCF
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No. of Recommendations: 1
https://seekingalpha.com/symbol/NHF/dividends/history if you still own NHF, on Halloween expect a dividend of of a nickel per share.

https://www.chartmill.com/stock/quote/nhf/profile

https://www.chartmill.com/stock/quote/NHF/stock-chart

NHF came out of the V on 5/18/20, peaked on 6/9/20, and had a sell signal the following day, and down she went. There is a buy signal on 10/15 for a possible come back.

https://www.tradingview.com/symbols/NYSE-NHF/

https://www.tradingview.com/chart/NHF/l9LaSWco-NexPoint-Stra...

On my charts, they tell me exactly when to get in and when to get out to protect my ASSets.

Just a thought,

Quillnpenn - a poor church mouse scratching for a living as a Swing Trader for over 45 years.
------------ Vision - Multi-Millionaire.....Goal - earn 1.3% - 2.5% compounded Daily
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