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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Transocean Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>StoneCo Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>Amrize AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GL EVENTS SA</name>
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        <name>CFCRE COMMERCIAL MORTGAGE TRUST</name>
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        <name>N/A</name>
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        <name>JAMES HARDIE INDUSTRIES PUBLIC LIMITED COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>TALOS ENERGY INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>NEXPOINT DIVERSIFIED REAL ESTATE TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Fermi Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Republica Argentina</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ALEXANDRIA REAL ESTATE EQUITIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>MIDWAVE WIRELESS</name>
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        <name>REYNOLDS CONSUMER PRODUCTS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>CATERPILLAR INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>HLS Therapeutics Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>SOTERA HEALTH COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>THE MIDDLEBY CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>SERITAGE GROWTH PROPERTIES</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>NEXPOINT RESIDENTIAL TRUST, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>APTIV PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>N/A</name>
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        <title>PARATEK PHARMACEUTICALS INC CONTINGENT VALUE RIGHT - PRTK US</title>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>Grupo Clarin S.A.</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>NEXPOINT MERGER ARBITRAGE CLASS Z</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>HERON THERAPEUTICS, INC.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Telesat Corporation</name>
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        <fairValLevel>1</fairValLevel>
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    <signature>
      <ncom:dateSigned>2026-03-31</ncom:dateSigned>
      <ncom:nameOfApplicant>HIGHLAND GLOBAL ALLOCATION FUND</ncom:nameOfApplicant>
      <ncom:signature>Stephanie Vitiello</ncom:signature>
      <ncom:signerName>Stephanie Vitiello</ncom:signerName>
      <ncom:title>CCO</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
