Highland Global Allocation Fund shares fall 3.10% after-hours following Nippon Steel's acquisition of United States Steel.

Highland Global Allocation Fund dropped 3.10% in after-hours trading. The decline may be attributed to the acquisition of United States Steel Corporation (NYSE:X) by Nippon Steel North America, Inc. for $12.7 billion, which could have impacted the market sentiment and led to the decrease in the fund's value.