James Dondero, age 62, has served as our President and as Chairman of the Board since May 2015. Mr. Dondero also serves as the President and Chairman of the board of directors of NexPoint Real Estate Finance, Inc. (NREF), a publicly traded commercial mortgage real estate investment trust (REIT), since February 2020, and as Chairman of the board of directors of VineBrook Homes Trust, Inc. (VineBrook), a single-family rental REIT, since August 2022. Mr. Dondero also previously served as President and a member of the board of directors of VineBrook from February 2019 to August 2021. Mr. Dondero also serves as President of NexPoint Diversified Real Estate Trust (NXDT), a publicly traded diversified REIT, since May 2015 and has served as Chairman of the board of trustees of NXDT since July 2022 as well as a member of the board of directors of NexPoint Homes Trust, Inc. (NXHT), a single-family rental REIT, since June 2022. Mr. Dondero is also: founder and president of NexPoint Advisors, L.P. (our Sponsor), an investment advisor registered with the Securities and Exchange Commission (the SEC); a member of the board of directors of NexBank, a Texas state chartered bank (NexBank); and Chairman of NexBank Capital, Inc. (NexBank Capital). Mr. Dondero co-founded Highland Capital Management, L.P. (Highland), in 1993 with Mark Okada and served as President from 2004 to 2020. Mr. Dondero has over 30 years of experience investing in credit and equity markets and has helped pioneer credit asset classes in structured products such as collateralized loan obligations. Mr. Dondero also serves as the Chief Executive Officer of NexPoint Hospitality Trust, Inc. (NHT), a publicly traded hospitality REIT listed on the TSX Venture Exchange, since December 2019. Mr. Dondero also served as a director of Jernigan Capital, Inc., a self-storage lending REIT, from August 2016 to November 2020. He also serves as President of NexPoint Capital, Inc. (NexPoint Capital) and NexPoint Real Estate Strategies Fund (NRESF), both of which are affiliates of NexPoint Real Estate Advisors, L.P. (our Adviser). Mr. Dondero also served on the board of directors of MGM Studios from 2009 until 2020. NREF, VineBrook, NXDT, NXHT, our Sponsor, NexBank, NexBank Capital, NHT, NexPoint Capital and NRESF may be affiliates of the Company. On October 16, 2019, Highland filed for Chapter 11 bankruptcy protection with the United States Bankruptcy Court in the District of Delaware. The case was transferred to the Bankruptcy Court for the Northern District of Texas and remains open. On April 13, 2018, the Bankruptcy Court for the Northern District of Texas entered orders for relief placing Acis Capital Management, L.P. and Acis Capital Management GP, LLC in involuntary bankruptcy. Mr. Dondero served as President of Acis Capital Management GP, LLC, which is the general partner of Acis Capital Management, L.P. On January 31, 2019, the court confirmed Acis's plan of reorganization. Mr. Dondero was selected to serve on the Board because of his prior service as a director and his experience as an executive officer.