HFRO Stock Recent News

DALLAS , March 3, 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 March 31, 2025, to shareholders of record at the close of business March 24, 2025.

DALLAS , Feb. 27, 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 Wednesday, March 26, 2025, at 4:00 p.m. ET, to discuss portfolio updates and recent performance.

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DALLAS , Feb. 3, 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 February 28, 2025, to shareholders of record at the close of business February 21, 2025.

DALLAS , Feb. 3, 2025 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced the commencement of a tender and exchange offer (the "Exchange Offer") for common shares (the "Shares") in exchange for up to $100 million in newly issued Series B Preferred Shares. The Fund previously announced plans for the Exchange Offer on November 25, 2024.

HFRO's investment-grade rated Series A Preferreds are currently trading at a 33% discount to their intrinsic value. The preferreds offer a compelling 8% yield on cost. This yield has been catalyzed by a rally in the long-term US 10-year Treasury yield. HFRO's common shares are trading at a material discount to net asset value, with efforts to reduce the gap ongoing.

The closed-end fund space saw a significant narrowing of discounts throughout 2024 as equity markets charged higher and now discounts remain tight heading into 2025. In particular, equity CEFs have seen significantly narrowed discounts along with taxable fixed-income, though municipal bond funds look relatively attractive after widening discounts in December. We are screening for funds with the deepest discounts and widest z-scores to find potential buys and funds that may be getting a bit pricey as sell candidates.

DALLAS , Jan. 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 January 31, 2025, to shareholders of record at the close of business January 24, 2025.

DALLAS , Sept. 3, 2024 /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.

DALLAS , Aug. 1, 2024 /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 August 30, 2024, to shareholders of record at the close of business August 23, 2024.