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 ^*

DONDERO JAMES D

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)
Affiliated Person

(Last)

(First)

(Middle)

300 CRESCENT COURT, SUITE 700

3. Date of Earliest Transaction (Month/Day/Year)
08/31/2012

(Street)

DALLAS, TX 75201

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

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ 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	08/31/2012		P		20,768 ⁽¹⁾	A	$ 6.69	20,768	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	09/20/2012		P		2,276.84 ⁽¹⁾	A	$ 6.7538	23,044.84	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	10/19/2012		P		130.33 ⁽¹⁾	A	$ 6.8519	23,175.18	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	11/20/2012		P		135.78 ⁽¹⁾	A	$ 6.5673	23,310.96	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	12/20/2012		P		144.39 ⁽¹⁾	A	$ 6.4612	23,455.25	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	01/29/2013		P		132.17 ⁽¹⁾	A	$ 6.9014	23,587.52	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	02/25/2013		P		127.73 ⁽¹⁾	A	$ 7.1785	23,715.25	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	03/26/2013		P		121.58 ⁽¹⁾	A	$ 7.5071	23,836.83	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	04/25/2013		P		144.03 ⁽¹⁾	A	$ 7.6442	23,980.86	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	05/28/2013		P		136.62 ⁽¹⁾	A	$ 8.1072	24,117.48	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	06/25/2013		P		151.45 ⁽¹⁾	A	$ 7.9477	24,268.93	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	07/24/2013		P		172.55 ⁽¹⁾	A	$ 7.8111	24,441.49	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	08/22/2013		P		178.45 ⁽¹⁾	A	$ 7.6064	24,619.94	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	09/23/2013		P		180.22 ⁽¹⁾	A	$ 7.587	24,800.15	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	11/01/2013		P		175.72 ⁽¹⁾	A	$ 8.7293	24,975.87	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	11/22/2013		P		158.9 ⁽¹⁾	A	$ 8.7293	25,134.77	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	12/01/2013		P		138.43 ⁽¹⁾	A	$ 9.0872	25,273.2	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	12/23/2013		P		15.33 ⁽¹⁾	A	$ 9.0872	25,288.53	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	01/24/2014		P		141.93 ⁽¹⁾	A	$ 9.9014	25,430.46	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	02/19/2014		P		132.86 ⁽¹⁾	A	$ 10.63	25,563.32	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	03/24/2014		P		135.54 ⁽¹⁾	A	$ 11.5223	25,698.86	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	04/23/2014		P		140.46 ⁽¹⁾	A	$ 11.1777	25,839.31	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	05/23/2014		P		136.05 ⁽¹⁾	A	$ 11.5929	25,975.36	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	06/23/2014		P		146.94 ⁽¹⁾	A	$ 11.5372	26,122.3	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	07/23/2014		P		141.04 ⁽¹⁾	A	$ 12.3328	26,263.34	I	By PCMG Trading Partners XXIII, L.P.
Common Stock	08/22/2014		P		151.58 ⁽¹⁾	A	$ 11.5372	26,414.92	I	By PCMG Trading Partners XXIII, L.P.
Common Stock								4,058,459.11	I	By trust
Common Stock								64,815.2287	D

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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
DONDERO JAMES D 300 CRESCENT COURT, SUITE 700 DALLAS, TX 75201				Affiliated Person

Signatures

/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 owned by PCMG Trading Partners XXIII, L.P. ("PCMG"). Mr. Dondero is the President of Strand Advisors III Inc., PCMG's General Partner, and may be deemed to be an indirect beneficial owner of shares held by PCMG. Mr. Dondero disclaims such beneficial ownership of such shares except to the extent of his pecuniary interest therein.

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