Highland Distressed Opportunities, Inc. 4
4 · Highland Distressed Opportunities, Inc. · Filed Jun 16, 2009
Insider Transaction Report
Form 4
Transactions
- Disposition to Issuer
Common Shares par value $0.001 per share
2009-06-12−864,988.17→ 0 total(indirect: See footnotes)
Footnotes (3)
- [F1]Disposed of pursuant to an Agreement and Plan of Merger and Liquidation between the Issuer, Highland Credit Strategies Fund ("HCF") and HCF Acquisition LLC in exchange for 399,044.99 shares of HCF common stock having a net asset value of $6.28 per share on the effective date of the reorganization plus cash for fractional shares.
- [F2]This statement is filed by and on behalf of each of the following persons (collectively, the "Reporting Persons"): Highland Capital Management, L.P. ("Highland Capital") and James D. Dondero.
- [F3]Mr. Dondero is the President and a director of Strand Advisors, Inc. ("Strand"), the general partner of Highland Capital; he may be deemed to beneficially own shares owned and/or held for the account of and/or for the benefit of Strand and/or Highland.