NexPoint Merger Arbitrage Z (HMEZX)
NexPoint Merger Arbitrage Z operates in the Asset Management industry of the Financial Services sector, headquartered in Berkeley Heights, NJ, US. The stock last traded at $19.97, up 0.15% on the session, giving a market capitalisation of $1.49B. Its beta of 0.05 implies it has historically moved less than the broad market.
The fund normally invests at least 80% of the value of its total assets (net assets plus the amount of any borrowings for investment purposes) in securities of companies that are involved in publicly-announced mergers (including mergers through takeovers and tender offers, so long as tender offers are being used to effect a merger) ("Merger Transactions") or companies that the Adviser believes may be involved in Merger Transactions. It engages in risk arbitrage strategies, particularly merger arbitrage strategies, in order to achieve its investment objective. The fund is non-diversified.
NexPoint Merger Arbitrage Z is most often compared with the following Financial Services names: