Highland Opportunities and Income Fund Announces the Regular Monthly Distribution
Highland Opportunities and Income Fund (NYSE: HFRO) has declared its regular monthly distribution of $0.0385 per share, payable on January 31, 2025, to shareholders of record as of January 24, 2025. The Fund operates as a closed-end fund focusing on capital growth and income through a diversified investment strategy.
The Fund invests in various securities including those secured by real estate, REITs, preferred equity, convertible securities, and mezzanine debt. Additional investment categories include fixed-rate loans, corporate bonds, distressed securities, structured products, and floating rate investments.
The Fund maintains a monthly distribution schedule and recently adjusted its monthly distribution rate on January 4, 2024, to better align with its current portfolio and investment objectives.
Highland Opportunities and Income Fund (NYSE: HFRO) ha dichiarato la sua distribuzione mensile regolare di $0.0385 per azione, che sarà pagata il 31 gennaio 2025, agli azionisti registrati al 24 gennaio 2025. Il Fondo opera come un fondo chiuso concentrandosi sulla crescita del capitale e sul reddito tramite una strategia di investimento diversificata.
Il Fondo investe in vari strumenti finanziari tra cui quelli garantiti da immobili, REITs, capitale di preferenza, titoli convertibili e debito mezzanino. Le categorie di investimento aggiuntive includono prestiti a tasso fisso, obbligazioni corporate, titoli in difficoltà, prodotti strutturati e investimenti a tasso variabile.
Il Fondo mantiene un programma di distribuzione mensile e ha recentemente adeguato il suo tasso di distribuzione mensile il 4 gennaio 2024, per allinearsi meglio con il suo portafoglio attuale e gli obiettivi di investimento.
Highland Opportunities and Income Fund (NYSE: HFRO) ha declarado su distribución mensual regular de $0.0385 por acción, que se pagará el 31 de enero de 2025, a los accionistas registrados hasta el 24 de enero de 2025. El Fondo opera como un fondo cerrado centrado en el crecimiento del capital y los ingresos a través de una estrategia de inversión diversificada.
El Fondo invierte en varios valores, incluidos aquellos garantizados por bienes raíces, REITs, capital preferente, valores convertibles y deuda mezzanina. Las categorías de inversión adicionales incluyen préstamos a tasa fija, bonos corporativos, valores en dificultades, productos estructurados e inversiones a tasa flotante.
El Fondo mantiene un programa de distribución mensual y recientemente ajustó su tasa de distribución mensual el 4 de enero de 2024, para alinearse mejor con su cartera actual y objetivos de inversión.
하이랜드 기회 및 수익 기금 (NYSE: HFRO)는 주주에게 2025년 1월 31일에 지급될 주당 $0.0385의 정기 월 배당금을 발표했습니다. 주주 기록은 2025년 1월 24일 기준입니다. 이 기금은 다양한 투자 전략을 통해 자본 성장 및 수익에 중점을 두고 폐쇄형 기금으로 운영됩니다.
이 기금은 부동산으로 담보된 증권, REITs, 우선주, 전환 증권 및 메자닌 채무를 포함한 다양한 증권에 투자합니다. 추가 투자 범주에는 고정 금리 대출, 회사채, 부실 증권, 구조화 상품 및 변동 금리 투자 등이 포함됩니다.
이 기금은 월 배당금 일정을 유지하며 2024년 1월 4일에 현재 포트폴리오 및 투자 목표에 더 잘 맞도록 월 배당금 비율을 최근 조정했습니다.
Highland Opportunities and Income Fund (NYSE: HFRO) a déclaré sa distribution mensuelle régulière de 0,0385 $ par action, qui sera payée le 31 janvier 2025, aux actionnaires inscrits au 24 janvier 2025. Le Fonds fonctionne comme un fonds fermé se concentrant sur la croissance du capital et le revenu par le biais d'une stratégie d'investissement diversifiée.
Le Fonds investit dans divers titres, y compris ceux garantis par l'immobilier, les REITs, les actions préférentielles, les titres convertibles et la dette mezzanine. Les catégories d'investissement supplémentaires comprennent les prêts à taux fixe, les obligations d'entreprise, les titres en difficulté, les produits structurés et les investissements à taux variable.
Le Fonds maintient un calendrier de distribution mensuelle et a récemment ajusté son taux de distribution mensuelle le 4 janvier 2024, afin de mieux s'aligner avec son portefeuille actuel et ses objectifs d'investissement.
Highland Opportunities and Income Fund (NYSE: HFRO) hat seine regelmäßige monatliche Ausschüttung von $0,0385 pro Aktie erklärt, die am 31. Januar 2025 an die Aktionäre ausgezahlt wird, die am 24. Januar 2025 im Aktienregister stehen. Der Fonds fungiert als geschlossener Fonds und konzentriert sich auf Kapitalwachstum und Einkommen durch eine diversifizierte Anlagestrategie.
Der Fonds investiert in verschiedene Wertpapiere, darunter solche, die durch Immobilien, REITs, Vorzugsaktien, wandelbare Wertpapiere und Mezzanine-Debt abgesichert sind. Zu den weiteren Anlagekategorien gehören Festzinsdarlehen, Unternehmensanleihen, distressed securities, strukturierte Produkte und variabel verzinste Anlagen.
Der Fonds hält an einem monatlichen Ausschüttungsplan fest und hat am 4. Januar 2024 seine monatliche Ausschüttungsrate angepasst, um besser mit seinem aktuellen Portfolio und seinen Anlagezielen in Einklang zu stehen.
- Regular monthly dividend distribution maintained at $0.0385 per share
- Diversified investment portfolio across multiple asset classes
- None.
Insights
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 Griffith
IR@nexpoint.com
Media Relations
Prosek Partners for NexPoint
Pro-nexpoint@prosek.com
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SOURCE Highland Opportunities and Income Fund
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