NexPoint Credit Strategies Fund Announces the Form 10 Registration Statement Relating to the REIT Spin-Off of its Subsidiary, NexPoint Residential Trust, has been Declared Effective

NexPoint Residential Trust Management will make Presentations to Investment Community

DALLAS–(BUSINESS WIRE)–NexPoint Credit Strategies Fund (NYSE: NHF) (“NHF”) announced today that the Securities and Exchange Commission (the “SEC”) has completed its review and declared effective the Form 10 registration statement filed by NexPoint Residential Trust, Inc. (NYSE: NXRT) (“NXRT”). The Form 10 contains an information statement that prior to the distribution date will be sent to all shareholders of NHF entitled to receive shares of common stock of NXRT in the spin-off. The information statement provides additional details about NXRT and the spin-off. A copy of the preliminary information statement can be found on NXRT’s website, www.nexpointliving.com, under the Investor Relations tab.

Additionally, NHF announced today that NXRT’s management team intends to make a series of presentations to the investment community in anticipation of the spin-off. The slides that NXRT’s management will use in connection with these presentations can be found on NXRT’s website, www.nexpointliving.com, under the Investor Relations tab. NXRT will also file the presentation with the SEC on Form 8-K.

About NexPoint Credit Strategies Fund

NHF is a closed-end fund managed by NexPoint Advisors, L.P. NHF’s investment objectives are to provide both current income and capital appreciation. NHF is invested primarily in below investment grade debt and equity securities and has the ability to hedge risk. The manager attempts to exceed the return of the Dow Jones Credit Suisse Hedge Fund Index in a transparent, registered fund format with monthly dividends. No assurance can be given that NHF will achieve its investment objectives. Shares of closed-end investment companies frequently trade at a discount to net asset value. The price of NHF’s shares is determined by a number of factors, several of which are beyond the control of NHF. Therefore, NHF cannot predict whether its shares will trade at, below or above net asset value. Past performance does not guarantee future results. More information about NHF is available at http://www.nexpointadvisors.com.

Cautionary Notice Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based on management’s current expectations, assumptions and beliefs. Forward-looking statements can often be identified by words such as “will,” “intends” and similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, statements regarding NXRT’s information statement and investor presentations. They are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. Readers should not place undue reliance on any forward-looking statements and are encouraged to review NXRT’s Form 10 registration statement, including its preliminary information statement, filed with the SEC, for a more complete discussion of the risks and other factors that could affect any forward-looking statements. Except as required by the federal securities laws, NHF does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release, except as required by law.

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