Company Press Release

Highland Funds Receives Board Approval to Become Investment Adviser for Incline Capital Trend Following Fund

DALLAS, June 2, 2011 -- Highland Funds Asset Management, L.P. ("Highland Funds") today announced that they have received approval from the Board of Trustees (the "Board") of the Incline Capital Trend Following Fund (ticker: ICTAX) (the "Incline Fund") to become the fund's investment advisor. The Board also approved Incline Capital, Incline Fund's previous investment advisor, to become the fund's sub-advisor.

Highland Funds will become the interim investment advisor effective immediately, with the transfer finalized permanently pending shareholder approval.

The Incline Fund manages a proprietary strategy designed to profit from trends in both directions across stock, bonds, and commodities and to produce lower overall volatility and superior returns to buy and hold strategies on a risk adjusted basis over the course of a market cycle. It is in the Morningstar managed futures category.

"Adding Incline's strategies to our platform greatly enhances our goal of offering diverse and alternative mutual funds to all investors," said Joe Dougherty, President and CEO of Highland Funds. "Highlighting the tremendous diversification benefits of a fund in the managed futures category for investors, Incline has consistently demonstrated low correlation to equity markets with a proven investment process."

"We are excited to be a part of the Highland Funds family and expand the reach of our offering through their leading platform and client servicing capabilities," added Mike Hurley, Incline Capital Founder and Portfolio Manager of the Incline Fund.

Terms of the proposed transaction are not being disclosed.

About Highland Funds and Highland Capital Management, L.P.

Based in Dallas, Texas, Highland Funds is known as one of the premier providers of diverse and alternative fund strategies distributed through financial intermediaries. The Highland Funds complex consists of a number of distinct registered investment companies falling into three types: open-end "mutual" funds, closed-end "interval" funds, and traditional closed-end funds, with a total of over $3.3 billion in retail assets under management. Highland Funds is an affiliate of Highland Capital Management, L.P., a global alternative investment manager with approximately $23 billion of assets under management.