Prospect Street(R) High Income Portfolio Inc. Announces Declaration of Final Distribution
14 7월 2008 - 11:06PM
Business Wire
Prospect Street� High Income Portfolio Inc. (the �Fund�) (NYSE:
PHY), a diversified, closed-end management investment company,
today announced that its Board of Directors has declared a
distribution on its common stock of $0.1215 per share, payable on
July 17, 2008, to holders of record as of July 17, 2008. This press
release is not for tax reporting purposes but is being provided to
announce the amount of the Fund�s distributions that have been
declared by the Board of Directors. In early 2009, after definitive
information is available, the Fund will send stockholders a Form
1099-DIV specifying how the distributions paid by the Fund during
the calendar year should be characterized for purposes of reporting
the distributions on a stockholder�s tax return (e.g., ordinary
income, short-term capital gain, long-term capital gain or return
of capital). About Prospect Street� High Income Portfolio Inc.
Prospect Street� High Income Portfolio Inc. is a diversified,
closed-end management investment company. The Fund�s investment
objective is to provide high current income, while seeking to
preserve stockholders� capital. The Fund seeks to primarily invest
in fixed-income securities rated in the lower categories by
established rating agencies (rated �BB� or lower by S&P and
�Ba� or lower by Moody�s) or nonrated fixed-income securities
deemed by the Fund�s investment adviser to be of comparable
quality. Highland Capital Management, L.P. (�Highland�) has served
as the Fund�s investment adviser since 2000. The Fund�s shares are
listed on the NYSE under the symbol �PHY�. An investment in the
Fund is not appropriate for all investors. No assurance can be
given that the Fund will achieve its investment objectives. Shares
of closed-end investment companies frequently trade at a discount
to net asset value. The price of the Fund�s shares is determined by
a number of factors, several of which are beyond the control of the
Fund. Therefore, the Fund cannot predict whether its shares will
trade at, below or above net asset value. Highland Capital
Management, L.P., the Fund�s investment adviser, is a leading
alternative investment management firm specializing in credit and
structured products. Headquartered in Dallas, Texas, Highland
manages assets on behalf of investors around the world with offices
in New York and London. Past performance does not guarantee future
results.
Prospect ST HI New (NYSE:PHY)
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Prospect ST HI New (NYSE:PHY)
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