SCHEDULE: Highland Global Fund Exits Teucrium Commodity Trust

Highland Global Allocation Fund, NexPoint Asset Management, L.P., and James D. Dondero report a complete divestment of their beneficial ownership in Teucrium Commodity Trust.

Summary

• Highland Global Allocation Fund, NexPoint Asset Management, L.P., and James D. Dondero have filed an Amendment No. 1 to Schedule 13G for Teucrium Commodity Trust.
• The reporting persons collectively hold 0.00 shares, representing 0.0% of the class of Fractional undivided beneficial interests in Teucrium Commodity Trust.
• This filing indicates a full divestment of their previous beneficial ownership in the issuer.
• The event requiring this statement occurred on December 31, 2024, with the filing signed on November 14, 2025.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual disclosure of a change in beneficial ownership to 0%, indicating a divestment. It does not contain information that is inherently positive or negative for the issuer's operational or financial performance.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the issuer's future performance or the reporting persons' future investment intentions.

Management Comments

• The reporting persons certify that, to the best of their knowledge and belief, the securities were acquired and held in the ordinary course of business and not for the purpose or effect of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11.

Industry Context

This is a routine disclosure of a change in beneficial ownership by institutional investors. The divestment by Highland Global Allocation Fund and its affiliates from Teucrium Commodity Trust could reflect a shift in their investment strategy or outlook on the commodity market, but the filing itself does not provide specific reasons.

Stakeholder Impact

• Shareholders of Teucrium Commodity Trust may note the complete exit of Highland Global Allocation Fund, NexPoint Asset Management, L.P., and James D. Dondero as beneficial owners, which could be interpreted as a change in institutional sentiment towards the commodity trust.

Key Dates

Keywords

Teucrium Commodity Trust, Highland Global Allocation Fund, NexPoint Asset Management, James D. Dondero, Schedule 13G, beneficial ownership, divestment, commodity trust