Highland Opportunities and Income Fund Announces the Regular Monthly Distribution
Highland Opportunities and Income Fund (NYSE: HFRO) has announced its regular monthly distribution of $0.0385 per share, payable on November 29, 2024, to shareholders of record as of November 22, 2024. The Fund, structured as a closed-end fund, aims to provide capital growth and income through investments in real estate-related securities, various financial instruments, and floating rate investments. The investment portfolio includes REITs, preferred equity, convertible securities, mezzanine debt, structured products, and other diverse financial instruments. The Fund adjusted its monthly distribution rate on January 4, 2024, to better align with its current portfolio and investment objectives.
Il Highland Opportunities and Income Fund (NYSE: HFRO) ha annunciato la sua distribuzione mensile regolare di $0.0385 per azione, che sarà pagata il 29 novembre 2024, agli azionisti registrati al 22 novembre 2024. Il Fondo, strutturato come un fondo chiuso, mira a fornire crescita del capitale e reddito attraverso investimenti in titoli legati all'immobiliare, vari strumenti finanziari e investimenti a tasso variabile. Il portafoglio di investimenti include REIT, azioni privilegiate, titoli convertibili, debito mezzanino, prodotti strutturati e altri strumenti finanziari diversi. Il Fondo ha adeguato il suo tasso di distribuzione mensile il 4 gennaio 2024, per allinearsi meglio con il suo portafoglio attuale e gli obiettivi di investimento.
El Highland Opportunities and Income Fund (NYSE: HFRO) ha anunciado su distribución mensual regular de $0.0385 por acción, que se pagará el 29 de noviembre de 2024, a los accionistas registrados hasta el 22 de noviembre de 2024. El Fondo, estructurado como un fondo cerrado, busca proporcionar crecimiento de capital e ingresos a través de inversiones en valores relacionados con bienes raíces, diversos instrumentos financieros y inversiones a tasa flotante. La cartera de inversiones incluye REIT, acciones preferentes, valores convertibles, deuda mezzanina, productos estructurados y otros instrumentos financieros diversos. El Fondo ajustó su tasa de distribución mensual el 4 de enero de 2024, para alinearse mejor con su cartera actual y los objetivos de inversión.
하이랜드 기회 및 소득 펀드 (NYSE: HFRO)는 주당 $0.0385의 정기 월 배당금 배포를 발표했으며, 2024년 11월 29일에 2024년 11월 22일 현재 주주에게 지급될 예정입니다. 폐쇄형 펀드로 구조화된 이 펀드는 부동산 관련 증권, 다양한 금융 상품 및 변동 금리 투자에 대한 투자를 통해 자본 성장과 수익을 제공하는 것을 목표로 합니다. 투자 포트폴리오에는 REIT, 우선주, 전환 가능 증권, 메자닌 부채, 구조화 상품 및 기타 다양한 금융 상품이 포함되어 있습니다. 이 펀드는 2024년 1월 4일에 월 배당금 비율을 조정하여 현재 포트폴리오 및 투자 목표에 더 잘 맞추었습니다.
Le Highland Opportunities and Income Fund (NYSE: HFRO) a annoncé sa distribution mensuelle régulière de 0,0385 $ par action, payable le 29 novembre 2024, aux actionnaires enregistrés au 22 novembre 2024. Le Fonds, structuré en tant que fonds fermé, vise à fournir une croissance du capital et un revenu grâce à des investissements dans des titres liés à l'immobilier, divers instruments financiers et des investissements à taux variable. Le portefeuille d'investissement comprend des REIT, des actions privilégiées, des titres convertibles, des dettes mezzanines, des produits structurés et d'autres instruments financiers divers. Le Fonds a ajusté son taux de distribution mensuel le 4 janvier 2024, afin de mieux s'aligner sur son portefeuille actuel et ses objectifs d'investissement.
Der Highland Opportunities and Income Fund (NYSE: HFRO) hat seine regelmäßige monatliche Ausschüttung von 0,0385 $ pro Aktie angekündigt, die am 29. November 2024 an die Aktionäre ausgezahlt wird, die am 22. November 2024 im Aktienregister stehen. Der Fonds, der als geschlossener Fonds strukturiert ist, zielt darauf ab, Kapitalwachstum und Einkommen durch Investitionen in immobilienbezogene Wertpapiere, verschiedene Finanzinstrumente und Anlagen mit variablen Zinsen zu bieten. Das Anlageportfolio umfasst REITs, Vorzugsaktien, wandelbare Wertpapiere, Mezzanine-Schulden, strukturierte Produkte und andere vielfältige Finanzinstrumente. Der Fonds hat seinen monatlichen Ausschüttungssatz am 4. Januar 2024 angepasst, um besser mit seinem aktuellen Portfolio und seinen Anlagezielen übereinzustimmen.
- Regular monthly dividend distribution maintained at $0.0385 per share
- None.
Insights
The announced monthly distribution of
The Fund is a closed-end fund that seeks to provide growth of capital along with income in a registered fund format. The Fund pursues its investment objective by investing directly and indirectly (e.g., through derivatives that are the economic equivalent of direct investments) in the following categories of securities and instruments: (i) investments in securities or other instruments directly or indirectly secured by real estate, including real estate investment trusts ("REITs"), preferred equity, securities convertible into equity securities and mezzanine debt; (ii) other instruments, including, but not limited to, secured and unsecured fixed-rate loans and corporate bonds, distressed securities, mezzanine securities, structured products (including but not limited to mortgage-backed securities, collateralized loan obligations and asset-backed securities), convertible and preferred securities, equities (public and private), and futures and options; and (iii) floating rate loans and other securities deemed to be floating rate investments.
The Fund declares and pays distributions monthly.
On January 4, 2024, the Fund adjusted the monthly distribution rate to align the distribution with the Fund's current portfolio and investment objective. Additional information on the distribution can be found on the Fund's website at http://www.nexpointassetmgmt.com/opportunities-income-fund.
About the Highland Opportunities and Income Fund
The Highland Opportunities and Income Fund (NYSE: HFRO) is a closed-end fund managed by NexPoint Asset Management, L.P. For more information visit nexpointassetmgmt.com/opportunities-income-fund.
Effective June 15, 2023, the Fund changed its name to the Highland Opportunities and Income Fund to reflect a new investment objective. Under the modified investment objective, the Fund will pursue growth of capital along with income. More information can be found in the press release announcing the changes, issued on May 16, 2023.
About NexPoint Asset Management, L.P.
NexPoint Asset Management, L.P. is an SEC-registered investment adviser. It is the adviser to a suite of registered funds, including open-end mutual funds, closed-end funds, and an exchange-traded fund. For more information visit nexpointassetmgmt.com.
Investors should consider the investment objectives, risks, charges, and expenses of the Highland Opportunities and Income Fund carefully before investing. This and other information can be found in the Fund's prospectus, which may be obtained by calling 1-800-357-9167 or visiting nexpointassetmgmt.com. Please read the prospectus carefully before you invest.
The distribution may include a return of capital. Please refer to the 19(a)-1 Source of Distribution Notice on the NexPoint Asset Management website for Section 19 notices that provide estimated amounts and sources of the Fund's distributions, which should not be relied upon for tax reporting purposes.
No assurance can be given that the Fund will achieve its investment objectives.
Shares of closed-end investment companies frequently trade at a discount to net asset value. The price of the Fund's shares is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at, below or above net asset value. Past performance does not guarantee future results.
Closed-End Fund Risk. The Fund is a closed-end investment company designed primarily for long-term investors and not as a trading vehicle. No assurance can be given that a shareholder will be able to sell his or her shares on the NYSE when he or she chooses to do so, and no assurance can be given as to the price at which any such sale may be affected.
Credit Risk. The Fund may invest all or substantially all of its assets in Senior Loans or other securities that are rated below investment grade and unrated Senior Loans deemed by NexPoint to be of comparable quality. Securities rated below investment grade are commonly referred to as "high yield securities" or "junk securities." They are regarded as predominantly speculative with respect to the issuing company's continuing ability to meet principal and interest payments. Non-payment of scheduled interest and/or principal would result in a reduction of income to the Fund, a reduction in the value of the Senior Loan experiencing non-payment and a potential decrease in the NAV of the Fund. Investments in high yield Senior Loans and other securities may result in greater NAV fluctuation than if the Fund did not make such investments.
Real Estate Industry Risk: Issuers principally engaged in real estate industry, including real estate investment trusts, may be subject to risks similar to the risks associated with the direct ownership of real estate, including: (i) changes in general economic and market conditions; (ii) changes in the value of real estate properties; (iii) risks related to local economic conditions, overbuilding and increased competition; (iv) increases in property taxes and operating expenses; (v) changes in zoning laws; (vi) casualty and condemnation losses; (vii) variations in rental income, neighborhood values or the appeal of property to tenants; (viii) the availability of financing and (ix) changes in interest rates and leverage.
Illiquidity of Investments Risk. The investments made by the Fund may be illiquid, and consequently the Fund may not be able to sell such investments at prices that reflect the Investment Adviser's assessment of their value or the amount originally paid for such investments by the Fund.
Ongoing Monitoring Risk. On behalf of the several Lenders, the Agent generally will be required to administer and manage the Senior Loans and, with respect to collateralized Senior Loans, to service or monitor the collateral. Financial difficulties of Agents can pose a risk to the Fund.
CONTACTS
Investor Relations
Kristen Thomas
IR@nexpoint.com
Media Relations
Prosek Partners for NexPoint
Pro-nexpoint@prosek.com
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SOURCE Highland Opportunities and Income Fund
FAQ
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