Legal Research

DALLAS--(BUSINESS WIRE)--Highland Recognition Strategies Fund (NYSE: HCF) announced today that it have
filed with the Securities and Exchange Committee a preliminary
enrollment statement for a possible rights offering to the Trust's
shareholders. The rights offering will commence only upon additional
blessing by the Trust's Board of Trustees, on footing yet to be
determined, and stays subject to marketplace conditions. Highland Capital
Management, L.P., the Trust?s investing
adviser, believes that the current marketplace environment may offer
compelling chances to deploy further working capital to take advantage
of attractive investing opportunities.

The Board of Trustees of the Trust have not approved a rights offering. No rights offering will be made unless the Trust?s
Board of Trustees O.K.s such as rights offering and the unequivocal footing
of the offering which may differ from those currently proposed.

The Trust is a non-diversified, closed-end management investing
company. The Trust's investing aims are to supply both current
income and working capital appreciation. The Trust put primarily in barred
and unbarred floating and fixed charge per unit loans, chemical bonds and other debt
obligations, debt duties of stressed, hard-pressed and bankrupt
issuers, structured merchandises and equities. Highland Capital Management,
L.P. have served as the Trust's investing advisor since the Trust's
origin in 2006. The Trust?s shares are
listed on the New House Of York Stock Exchange under the symbol "HCF". An
investing in the Trust is not appropriate for all investors. No
self-assurance can be given that the Trust will accomplish its investing
objectives.

Shares of closed-end investment companies frequently merchandise at a price reduction
to nett plus value. The terms of the Trust's shares is determined by a
figure of factors, respective of which are beyond the control of the Trust. Therefore, the Trust cannot foretell whether its shares will merchandise at,
below or above nett plus value.

Before investing in the Trust, investors should carefully see the
investment objectives, strategies, hazards and fees and disbursals of the
Trust. This information, and other information about the Trust, can be
establish in the Trust's preliminary course catalog on data file with the Securities
and Exchange Commission. An investor should carefully read the Trust's
course catalog before investing.

This proclamation is not an offering to sell these securities and is not
soliciting an offering to purchase these securities in any state where the offering
or sale is not permitted. The offering will be made only by agency of a
course catalog and only after the enrollment statement on data file with the
Securities and Exchange Committee have been declared effective. The
concluding footing of the offering may be different from those discussed above.

The Trust is managed by Highland Capital Management, L.P. For additional
information, delight phone call (877) 665-1287.