HFRO Stock Recent News

DALLAS , June 12, 2025 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE:HFRO) ("HFRO" or the "Fund") announced today that the Fund is scheduled to host a conference call on Thursday, June 26, 2025, at 10:00 a.m. CT, to discuss portfolio updates and recent performance.

HFRO trades at a massive 57%+ discount due to illiquid assets, management concerns, and a controversial distribution cut. The fund's real estate-heavy, complex portfolio and persistent NAV discount create both risk and unique trading opportunities for active investors. Alpha can be generated from the high discount and 9%+ distribution yield, especially if management resumes aggressive share buybacks.

HFRO is a distressed CEF with illiquid, real estate-heavy holdings, making its true asset value likely much lower upon an exit. Series B preferred shares offer asset coverage covenants, but these are weakened by illiquid assets and potential mark-to-market losses in a downturn. A recession and housing market crash could trigger significant losses and a fund liquidation, with preferred shareholders facing a 50% loss given default in our base case.

DALLAS , June 2, 2025 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced its regular monthly distribution on its common stock of  $0.0385 per share. The distribution will be payable on June 30, 2025, to shareholders of record at the close of business June 23, 2025.

DALLAS , May 1, 2025 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced its regular monthly distribution on its common stock of  $0.0385 per share. The distribution will be payable on May 30, 2025, to shareholders of record at the close of business May 23, 2025.

The Triple-Factor screen identifies closed-end funds with >8% yield, >90% coverage, and trading at a discount to NAV, balancing yield, sustainability, and value. Key metrics: premium/discount, z-score, leverage, baseline expense, and coverage. Focus on funds with wide discounts, negative z-scores, and high yields. Explore top lists for further research; these shortlists are not final buy/sell recommendations. Always verify coverage ratios with official fund documents.

DALLAS , April 1, 2025 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced its regular monthly distribution on its common stock of  $0.0385 per share. The distribution will be payable on April 30, 2025, to shareholders of record at the close of business April 23, 2025.

We tracked six new preferred stock and exchange traded debt offerings with yields from 6.15% to 10%, highlighting their CDx3 Compliance Scores. Oxford Lane Capital Corp.'s new exchange notes (OXLCG) achieved a perfect CDx3 Compliance Score, offering a 7.95% fixed coupon and a BBB+ rating. Preferred stock IPOs often trade temporarily on the OTC, allowing investors to buy shares at wholesale prices before they move to retail exchanges.

The Triple-Factor screen identifies CEFs with yields >8%, coverage >90%, and trading at a discount to NAV, balancing yield, sustainability, and value. Coverage is calculated using trailing estimates from fund houses like PIMCO, BlackRock, Nuveen, and Eaton Vance, or from semi-annual reports. The report ranks funds by widest discounts, best z-scores, highest yields, and best combined metrics, providing fertile grounds for further exploration.

The Income-Covered CEF Report screens funds with >100% distribution coverage, reducing the risk of distribution cuts and potential price declines. Key metrics: premium/discount, z-score, leverage, baseline expense, and coverage. Focus on funds with wide discounts, negative z-scores, and high yields. Explore top lists for further research; these shortlists are not final buy/sell recommendations. Always verify coverage ratios with official fund documents.