Edgar Filing: NexPoint Credit Strategies Fund

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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3235-0287

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

HIGHLAND CAPITAL MANAGEMENT LP

2. Issuer Name and Ticker or Trading Symbol
NexPoint Credit Strategies Fund [NHF]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
_____ Officer (give title below)	__X__ Other (specify below)
Investment Adviser

(Last)

(First)

(Middle)

300 CRESCENT COURT, SUITE 700

3. Date of Earliest Transaction (Month/Day/Year)
03/28/2008

(Street)

DALLAS, TX 75201

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/28/2008		P		1,061 ⁽¹⁾	A	$ 14.5938	1,207,542.38 ⁽²⁾	D
Common Stock	03/31/2008		P		16,677 ⁽¹⁾	A	$ 15.174	1,224,219.38	D
Common Stock	04/01/2008		P		10,132 ⁽¹⁾	A	$ 16.5767	1,234,351.38	D
Common Stock	04/01/2008		P		4,613 ⁽¹⁾	A	$ 15.4589	1,238,964.38	D
Common Stock	04/03/2008		P		16,146 ⁽¹⁾	A	$ 16.9052	1,255,110.38	D
Common Stock	04/04/2008		P		20,760 ⁽¹⁾	A	$ 16.9107	1,275,870.38	D
Common Stock	04/08/2008		P		16,260 ⁽¹⁾	A	$ 24.1822	1,292,130.38	D
Common Stock	04/08/2008		P		6,801 ⁽¹⁾	A	$ 6.5607	1,298,931.38	D
Common Stock	04/08/2008		P		5,721 ⁽¹⁾	A	$ 17.7314	1,304,652.38	D
Common Stock	06/10/2013		P		2,477 ⁽¹⁾	A	$ 7.9968	1,307,129.38	D
Common Stock	07/01/2013		P		2,750 ⁽¹⁾	A	$ 7.9483	1,309,879.38	D
Common Stock	08/01/2013		P		2,800 ⁽¹⁾	A	$ 7.8075	1,312,679.38	D
Common Stock	08/01/2013		P		57 ⁽¹⁾	A	$ 7.8137	1,312,736.38	D
Common Stock	09/04/2013		P		2,982 ⁽¹⁾	A	$ 7.5115	1,315,718.38	D
Common Stock	10/02/2013		P		2,883 ⁽¹⁾	A	$ 7.9251	1,318,601.38	D
Common Stock	11/01/2013		P		2,754 ⁽¹⁾	A	$ 8.2269	1,321,355.38	D
Common Stock	12/02/2013		P		2,560 ⁽¹⁾	A	$ 8.9152	1,323,915.38	D
Common Stock	07/31/2009		P		154.369 ⁽³⁾	A	$ 54.7854	582	I	By Highland Equity Focus Fund, L.P.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
HIGHLAND CAPITAL MANAGEMENT LP 300 CRESCENT COURT, SUITE 700 DALLAS, TX 75201				Investment Adviser
DONDERO JAMES D 300 CRESCENT COURT, SUITE 700 DALLAS, TX 75201		X

Signatures

/s/ James D. Dondero, President		10/24/2014
^**Signature of Reporting Person		Date
/s/ James D. Dondero		10/24/2014
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	These shares are directly held by Highland Capital Management, L.P. ("HCMLP"). Mr. Dondero is the President and the director of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMLP. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
(2)	The Reporting Persons inadvertently reported the incorrect number of securities beneficially owned by them following a Form 4 filed with the Securities and Exchange Commission on August 16, 2013 and in each of the Form 4s filed after such filing. The amount reported herein reflects the number of shares beneficially owned by the Reporting Persons as of the date of this filing after taking into account each of the transactions listed herein.
(3)	These shares are directly held by Highland Equity Focus Fund, L.P. ("HEFF"). HCMLP is the investment adviser of HEFF. Mr. Dondero is the President and the director of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HEFF. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

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