APPENDIX A AGREEMENT AND PLAN OF REORGANIZATIONAgreement and Plan of Reorganization • July 27th, 2011 • Highland Funds I • Delaware
This Agreement and Plan of Reorganization (the “Agreement”) is made as of May 20, 2011, by and between Highland Funds I, a Delaware statutory trust (the “Acquiring Trust”) established under an Agreement and Declaration of Trust, as amended (the “Acquiring Trust Declaration of Trust”), on behalf of Highland Floating Rate Opportunities Fund (the “Acquiring Fund”) and each of Highland Floating Rate Advantage Fund, a Delaware statutory trust established under an Agreement and Declaration of Trust, as amended (the “ADV Declaration of Trust”) and Highland Floating Rate Fund, a Delaware statutory trust (with Highland Floating Rate Advantage Fund, each an “Acquired Fund” and, together, the “Acquired Funds” ) established under an Agreement and Declaration of Trust, as amended (the “FRF Declaration of Trust” and, together with the ADV Declaration of Trust, the “Acquired Fund Declaration of Trust”). The capitalized terms used herein shall have the meanings ascribed to them in this Agreement.
