Highland Opportunities and Income Fund Declares Regular Monthly Distribution

The Highland Opportunities and Income Fund (HFRO) has recently announced its regular monthly distribution on its common stock. Shareholders of record at the close of business on July 24, 2024, will receive a distribution of $0.0385 per share on July 31, 2024.

HFRO is a closed-end fund that aims to provide growth of capital and income in a registered fund format. The fund achieves its investment objective by investing directly and indirectly in various categories of securities and instruments. These include investments in real estate securities, such as real estate investment trusts (REITs), preferred equity, convertible securities, and mezzanine debt. Additionally, the fund invests in other instruments like fixed-rate loans, corporate bonds, distressed securities, structured products, equities, and futures and options. It also considers floating rate loans and other securities as floating rate investments.

The Highland Opportunities and Income Fund declares and pays distributions on a monthly basis. In January 2024, the fund adjusted its monthly distribution rate to align with its current portfolio and investment objective.

Managed by NexPoint Asset Management, L.P., the Highland Opportunities and Income Fund underwent a name change on June 15, 2023, to reflect its new investment objective of pursuing growth of capital along with income.

Investors interested in the fund should carefully consider its investment objectives, risks, charges, and expenses before making any investment decisions. The fund’s prospectus, which can be obtained by calling 1-800-357-9167 or visiting nexpointassetmgmt.com, provides detailed information that should be reviewed before investing.

It is important to note that the distribution may include a return of capital. For estimated amounts and sources of the fund’s distributions, investors can refer to the 19(a)-1 Source of Distribution Notice on the NexPoint Asset Management website. However, this information should not be relied upon for tax reporting purposes.

While the price of the fund’s shares is influenced by various factors beyond its control, such as market conditions, the fund remains committed to achieving its investment objectives. Past performance does not guarantee future results.

Investing in closed-end funds carries certain risks, including the potential for shares to trade at a discount to net asset value. The fund is primarily designed for long-term investors and may not guarantee the ability to sell shares on the NYSE at the desired time or price.

The Highland Opportunities and Income Fund acknowledges the credit risk associated with investing in securities rated below investment grade. However, the fund’s investment manager, NexPoint, carefully assesses the quality of such securities to manage this risk effectively.

Real estate industry risk is also considered, as the fund invests in issuers engaged in the real estate industry. Factors such as changes in economic conditions, property values, local economic conditions, and zoning laws are taken into account to mitigate potential risks.

Additionally, the fund acknowledges the illiquidity of certain investments, which may impact the ability to sell them at their assessed value or the original purchase price.

NexPoint Asset Management, L.P., an SEC-registered investment adviser, manages a suite of registered funds, including open-end mutual funds, closed-end funds, and an exchange-traded fund.

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