Highland Opportunities and Income Fund Announces the Regular Monthly Distribution
The Highland Opportunities and Income Fund (NYSE: HFRO) has announced its regular monthly distribution of $0.0385 per share on its common stock. The distribution will be payable on September 30, 2024, to shareholders of record as of September 23, 2024. HFRO is a closed-end fund aiming to provide capital growth and income through investments in various securities, including those secured by real estate, REITs, loans, corporate bonds, and other financial instruments.
The Fund pursues its investment objective through both direct and indirect investments, utilizing derivatives when economically equivalent to direct investments. HFRO declares and pays distributions on a monthly basis. On January 4, 2024, the Fund adjusted its monthly distribution rate to better align with its current portfolio and investment objective.
Il Highland Opportunities and Income Fund (NYSE: HFRO) ha annunciato la distribuzione mensile regolare di $0.0385 per azione sul suo capitale sociale. La distribuzione sarà pagabile il 30 settembre 2024, agli azionisti registrati al 23 settembre 2024. HFRO è un fondo chiuso che mira a fornire crescita del capitale e reddito tramite investimenti in vari titoli, tra cui quelli garantiti da immobili, REIT, prestiti, obbligazioni societarie e altri strumenti finanziari.
Il Fondo persegue il proprio obiettivo di investimento sia attraverso investimenti diretti che indiretti, utilizzando derivati quando equivalenti economicamente agli investimenti diretti. HFRO dichiara e paga le distribuzioni su base mensile. Il 4 gennaio 2024, il Fondo ha adeguato la propria tariffa di distribuzione mensile per allinearsi meglio al suo attuale portafoglio e obiettivo di investimento.
El Highland Opportunities and Income Fund (NYSE: HFRO) ha anunciado su distribución mensual regular de $0.0385 por acción sobre sus acciones ordinarias. La distribución será pagadera el 30 de septiembre de 2024, a los accionistas registrados al 23 de septiembre de 2024. HFRO es un fondo cerrado que tiene como objetivo ofrecer crecimiento de capital e ingresos a través de inversiones en varios valores, incluyendo aquellos respaldados por bienes raíces, REIT, préstamos, bonos corporativos y otros instrumentos financieros.
El Fondo persigue su objetivo de inversión tanto a través de inversiones directas como indirectas, utilizando derivados cuando son económicamente equivalentes a las inversiones directas. HFRO declara y paga distribuciones de manera mensual. El 4 de enero de 2024, el Fondo ajustó su tasa de distribución mensual para alinearse mejor con su cartera actual y objetivo de inversión.
하이랜드 기회 및 수익 기금 (NYSE: HFRO)은 보통주에 대해 주당 $0.0385의 정기 월 배당금을 발표했습니다. 이 배당금은 2024년 9월 30일에 지급되며, 2024년 9월 23일 현재 주주에게 지급됩니다. HFRO는 부동산 담보, REIT, 대출, 회사채 및 기타 금융 상품에 대한 투자를 통해 자본 성장과 수익을 제공하는 것을 목표로 하는 폐쇄형 펀드입니다.
본 펀드는 직접 투자와 간접 투자를 통해 투자 목표를 달성하며, 경제적으로 직접 투자와 동일한 경우 파생 상품을 활용합니다. HFRO는 매월 배당금을 선언하고 지급합니다. 2024년 1월 4일, 펀드는 현재 포트폴리오 및 투자 목표에 더 잘 맞추기 위해 월 배당금 비율을 조정했습니다.
Le Highland Opportunities and Income Fund (NYSE: HFRO) a annoncé sa distribution mensuelle régulière de $0.0385 par action sur ses actions ordinaires. La distribution sera payable le 30 septembre 2024 aux actionnaires enregistrés au 23 septembre 2024. HFRO est un fonds fermé visant à fournir croissance du capital et revenus par le biais d'investissements dans divers titres, y compris ceux garantis par des biens immobiliers, des REIT, des prêts, des obligations d'entreprise et d'autres instruments financiers.
Le Fonds poursuit son objectif d'investissement à la fois par des investissements directs et indirects, utilisant des dérivés lorsque cela est économiquement équivalent à des investissements directs. HFRO déclare et paie des distributions sur une base mensuelle. Le 4 janvier 2024, le Fonds a ajusté son taux de distribution mensuelle pour mieux s'aligner sur son portefeuille actuel et son objectif d'investissement.
Der Highland Opportunities and Income Fund (NYSE: HFRO) hat seine regelmäßige monatliche Ausschüttung von $0.0385 pro Aktie auf seine Stammaktien bekannt gegeben. Die Ausschüttung wird am 30. September 2024 an die Aktionäre ausgezahlt, die am 23. September 2024 im Aktienregister stehen. HFRO ist ein geschlossener Fonds, der darauf abzielt, Kapitalwachstum und Einkommen durch Investitionen in verschiedene Wertpapiere, einschließlich durch Immobilien besicherte, REITs, Kredite, Unternehmensanleihen und andere Finanzinstrumente zu bieten.
Der Fonds verfolgt sein Anlageziel sowohl durch direkte als auch indirekte Investitionen und nutzt Derivate, wenn diese wirtschaftlich gleichwertig zu direkten Investitionen sind. HFRO erklärt und zahlt Ausschüttungen monatlich. Am 4. Januar 2024 hat der Fonds seinen monatlichen Ausschüttungssatz angepasst, um besser mit seinem aktuellen Portfolio und Anlageziel in Einklang zu stehen.
- Regular monthly distribution of $0.0385 per share announced
- Diverse investment strategy across multiple asset classes
- Fund aims to provide both capital growth and income
- None.
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
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