Highland Distressed Opportunities, Inc. Announces Filing of Company Summary as of...

Highland Distressed Opportunities, Inc. Announces Filing of Company Summary as of June 30, 2008

DALLAS--(Business Wire)--
Highland Distressed Opportunities, Inc. (the "Company") (NYSE:
HCD) today announced that it issued, for the benefit of all investors,
a summary of selected Company data, as of June 30, 2008. This summary
is posted on the Company's website, www.highlandhcd.com, under the
segment entitled "Literature & Prospectus."

About Highland Distressed Opportunities, Inc.

Highland Distressed Opportunities, Inc. (the "Company," "we," "us"
and "our") is a recently-organized, non-diversified closed-end company
that has elected to be treated as a business development company under
the Investment Company Act of 1940. The Company's investment objective
is total return generated by both capital appreciation and current
income. We intend to invest primarily in financially-troubled or
distressed companies that are either middle-market companies or
unlisted companies by investing in senior secured debt, mezzanine debt
and unsecured debt, each of which may include an equity component, and
in equity investments. Generally, distressed companies are those that
(i) are facing financial or other difficulties and (ii) are or have
been operating under the provisions of the U.S. Bankruptcy Code or
other similar laws or, in the near future, may become subject to such
provisions or otherwise be involved in a restructuring of their
capital structure.

This press release may contain forward-looking statements
describing the Company's future plans and objectives. These
forward-looking statements, as well as future oral and written
statements by the management of Highland Distressed Opportunities,
Inc., are subject to various risks and uncertainties, which could
cause actual results and conditions to differ materially from those
projected, including the uncertainties associated with the timing of
transaction closings, changes in interest rates, availability of
transactions, the future operating results of our portfolio companies,
changes in regional, national, or international economic conditions
and their impact on the industries in which we invest, or changes in
the conditions of the industries in which we invest, and other factors
enumerated in our filings with the Securities and Exchange Commission
("SEC").

We may use words such as "anticipates," "believes," "expects,"
"intends," "will," "should," "may," "plans," "could," "estimates,"
"potential," "continue," "target," or the negative of these terms or
other similar expressions to identify forward-looking statements.
Undue reliance should not be placed on such forward-looking statements
as such statements speak only as of the date on which they are made.
We do not undertake to update our forward-looking statements, whether
as a result of new information, future events or otherwise, unless
required by applicable law.

Persons considering an investment in the Company should consider
the investment objective, risks, and charges and expenses of the
Company carefully before investing. Such information and other
information about the Company will be available in our annual report
on Form 10-K, in our quarterly reports on Form 10-Q and current
reports on Form 8-K. Such materials are filed with the SEC and copies
are available on the SEC's website, www.sec.gov. Prospective investors
should read such materials carefully before investing.

Highland Distressed Opportunities, Inc.
Shareholder Services, 877-247-1888
hfinfo@hcmlp.com

Copyright Business Wire 2008