NexPoint Advisors will become the investment adviser and administrator to the Pyxis Credit Strategies Fund.
NexPoint is an affiliate of Pyxis Capital, the fund's current investment adviser and administrator. In connection with the change, the fund will be renamed ‘NexPoint Credit Strategies Fund.’
However, a statement from the company assured that the change would not result in any alterations to the identity of the fund's portfolio managers, the advisory or administrative services fees paid by the fund, or the services to be provided to the fund.
Pyxis is a non-diversified, closed-end management investment company that invests in secured and unsecured floating and fixed rate loans, bonds and other debt obligations, debt obligations of stressed, distressed and bankrupt issuers, structured products and equities.
