First Foundation Announces New Sub-Advisory Engagement

First Foundation Inc., a financial services company that provides investment management, wealth planning, consulting, trust and banking services primarily to high-net-worth individuals and businesses, today announced that First Foundation Advisors, its wholly owned subsidiary, was selected by the Board of Trustees for the Highland Funds to serve as sub-advisor for the Highland Fixed Income Fund and the Highland Tax Exempt Fund. As of June 30, 2014, the total assets of these funds were in excess of $182 million.

“We are excited to be selected to manage these two Highland Funds and we look forward to developing a strong relationship with Highland Capital,” stated John Hakopian, President of First Foundation Advisors. “Our selection reflects the expertise our investment team has demonstrated in navigating the fixed income market over the past several years and we believe our investment team is capable of handling additional sub-advisory relationships in the future,” Mr. Hakopian added.

About First Foundation

First Foundation, a financial institution founded in 1990, provides integrated investment management, wealth planning, consulting, trust and banking services. The company is headquartered in Irvine with offices in Irvine, Newport Beach, Pasadena, West Los Angeles, San Diego, Palm Desert and the Imperial Valley in California, and Las Vegas, Nevada. For more information, please visit our website at www.ff-inc.com.

About Highland Capital Management Fund Advisors, L.P.

Highland Capital Management Fund Advisors, L.P., is an SEC-registered investment adviser which, together with its affiliates, has approximately $19 billion of assets under management. Highland Capital Management, L.P. was founded in 1993 by Jim Dondero and Mark Okada. Highland is one of the largest and most experienced global alternative credit managers. Highland’s strategies include collateralized loan obligations (CLOs), high yield bonds, distressed credit, public and private equities, structured products and natural resources.

Investors should consider the investment objectives, risks, charges and expenses of the Highland Funds carefully before investing. Please call 1-877-665-1287 or visit www.highlandfunds.com for more information on the Funds. Please read the prospectus carefully before you invest.

All wholesalers are licensed, and securities may be offered, through NexBank Securities, Inc., an affiliate of Highland Funds. NexBank Securities, Inc. is a FINRA member firm.