Notes: March 11, 2015 -- NexPoint Credit Strategies Fund (NYSE:NHF) announced today that its Board of Trustees has approved the separation of its business into two separate and independent publicly traded companies: NexPoint Credit Strategies Fund (NHF), which will continue to operate as a non-diversified, closed-end investment company; and NexPoint Residential Trust, Inc. (NXRT), which will acquire, own, operate and selectively develop multifamily properties. NHF plans to effect the separation through, a spin-off in which NHF will distribute all of the outstanding shares of NXRT common stock to NHF’s shareholders on a pro rata basis. The distribution will be made to NHF shareholders of record as of the close of business on March 23, 2015, the record date for the distribution. The shares are expected to be distributed on March 31, 2015. In the distribution, shareholders of NHF will receive one share of NXRT common stock for every three NHF common shares held as of the close of business on the record date. Following the spin-off, NXRT will be a separate publicly traded company distinct from NHF, and NHF will not retain any NXRT common stock. NXRT will be externally managed by NexPoint Real Estate Advisors, L.P.