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Price
$6.42Last Dividend
$0.04Annual ROE
-0.72%Beta
0.50Events Calendar
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Nov 22, 2024Next split:
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HFRO's attempts to boost share price, including buybacks and a dedicated board committee, have failed. HFRO's new tender offer swaps common shares for preferred shares at a premium. Bold move. Let's see how that works for them.
DALLAS , Nov. 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 November 29, 2024, to shareholders of record at the close of business November 22, 2024.
DALLAS , Oct. 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 October 31, 2024, to shareholders of record at the close of business October 24, 2024.
DALLAS , Aug. 22, 2024 /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, September 11, 2024, at 4:00 p.m. ET, to discuss portfolio updates and recent performance.
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.
DALLAS , July 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 July 31, 2024, to shareholders of record at the close of business July 24, 2024.
Highland Opportunities and Income Fund trades at a 53% discount to NAV. The recent purchase of QuarterNorth by Talos Energy validated at least some marks on the book as accurate. We look at where the rest of the fund stands.
Highland Opportunities and Income Fund is a $1 billion closed-end fund with a real estate-focused portfolio. The main portfolio manager for the CEF, Mr. James Dondero, is also the founder of NexPoint, an alternative investments group. HFRO holds a significant portion of equity and debt from NexPoint companies.
Highland Opportunities and Income Fund provided an opportunity as it cut its income. HFRO fund tanked 16% and widened the discount to NAV to almost 50%. We examine the "why" and give you our take.
Highland Opportunities and Income Fund is a closed-end fund that invests in various asset classes, including real estate, CLOs, equity, and loans. HFRO pays an 11.59% distribution and trades at a 37% discount. HFRO often has large swings in its discount to NAV, and can be an excellent trading vehicle.
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