Raymond James & Associates Reports 10.1% Ownership Stake in Highland Global Allocation Fund

On April 7, 2026, Raymond James & Associates filed a Schedule 13G/A with the SEC, reporting a significant stake in Highland Global Allocation Fund (HGLB). As of the event date on March 31, 2026, the firm beneficially owns 2,353,160.53 common shares, representing a 10.1% ownership stake in the issuer. This filing marks an increase from the previously reported 0.0% position, establishing Raymond James & Associates as a major shareholder. The reporting person, a registered investment adviser and broker-dealer, disclosed that it holds sole dispositive power over all 2,353,160.53 shares but possesses no voting power (0.00 shares) for the holding. The filing includes a standard certification stating that the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. Raymond James & Associates is headquartered in St. Petersburg, Florida, while the issuer, Highland Global Allocation Fund, is based in Dallas, Texas.