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. This distribution will be payable on October 31, 2024, to shareholders of record as of October 24, 2024. HFRO is a closed-end fund aiming to provide capital growth and income through various investment strategies, including:
- Real estate-related securities and instruments
- Other instruments like loans, corporate bonds, and structured products
- Floating rate loans and investments
The Fund declares and pays distributions monthly. On January 4, 2024, HFRO adjusted its monthly distribution rate to align with its current portfolio and investment objective.
Il Fondo Highland Opportunities and Income (NYSE: HFRO) ha annunciato la sua distribuzione mensile regolare di $0.0385 per azione sulle azioni ordinarie. Questa distribuzione sarà pagabile il 31 ottobre 2024, agli azionisti registrati al 24 ottobre 2024. HFRO è un fondo chiuso che mira a fornire crescita di capitale e reddito attraverso varie strategie di investimento, tra cui:
- Titoli e strumenti legati al settore immobiliare
- Altri strumenti come prestiti, obbligazioni societarie e prodotti strutturati
- Prestiti a tasso variabile e investimenti
Il Fondo dichiara e paga distribuzioni mensilmente. Il 4 gennaio 2024, HFRO ha modificato il suo tasso di distribuzione mensile per allinearlo al suo attuale portafoglio e obiettivo di investimento.
El Fondo Highland Opportunities and Income (NYSE: HFRO) ha anunciado su distribución mensual regular de $0.0385 por acción sobre sus acciones ordinarias. Esta distribución será pagadera el 31 de octubre de 2024, a los accionistas registrados hasta el 24 de octubre de 2024. HFRO es un fondo cerrado que busca proporcionar crecimiento de capital e ingresos a través de diversas estrategias de inversión, que incluyen:
- Títulos e instrumentos relacionados con bienes raíces
- Otros instrumentos como préstamos, bonos corporativos y productos estructurados
- Préstamos a tasa flotante e inversiones
El Fondo declara y paga distribuciones mensualmente. El 4 de enero de 2024, HFRO ajustó su tasa de distribución mensual para alinearse con su cartera actual y su objetivo de inversión.
하이랜드 기회 및 수익 펀드(NYSE: HFRO)는 보통주에 대해 주당 $0.0385의 정기 월 배당금을 발표했습니다. 이 배당금은 2024년 10월 31일에 지급되며, 2024년 10월 24일 기준의 주주에게 지급됩니다. HFRO는 다양한 투자 전략을 통해 자본 성장과 수익을 제공하는 것을 목표로 하는 폐쇄형 펀드입니다. 주요 투자 전략은 다음과 같습니다:
- 부동산 관련 증권 및 기구
- 대출, 기업 채권 및 구조화 상품과 같은 기타 기구
- 변동 금리 대출 및 투자
펀드는 매월 배당금을 선언하고 지급합니다. 2024년 1월 4일 HFRO는 현재 포트폴리오 및 투자 목표에 맞추기 위해 월 배당률을 조정했습니다.
Le Fonds Highland Opportunities and Income (NYSE: HFRO) a annoncé sa distribution mensuelle régulière de $0.0385 par action sur ses actions ordinaires. Cette distribution sera payable le 31 octobre 2024, aux actionnaires enregistrés au 24 octobre 2024. HFRO est un fonds fermé qui vise à fournir une croissance en capital et un revenu grâce à diverses stratégies d'investissement, y compris :
- Valeurs mobilières et instruments liés à l'immobilier
- D'autres instruments comme les prêts, les obligations d'entreprise et les produits structurés
- Prêts à taux variable et investissements
Le Fonds déclare et verse des distributions mensuellement. Le 4 janvier 2024, HFRO a ajusté son taux de distribution mensuel pour 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 angekündigt. Diese Ausschüttung wird am 31. Oktober 2024 fällig sein, an Aktionäre, die am 24. Oktober 2024 im Register stehen. HFRO ist ein geschlossenes Fonds, das darauf abzielt, Kapitalwachstum und Einkommen durch verschiedene Anlagestrategien zu erzielen, einschließlich:
- Wertpapieren und Instrumenten, die mit Immobilien verbunden sind
- Andere Instrumente wie Kredite, Unternehmensanleihen und strukturierte Produkte
- Kredite mit variablem Zinssatz und Investitionen
Der Fonds erklärt und zahlt monatlich Ausschüttungen. Am 4. Januar 2024 passte HFRO seinen monatlichen Ausschüttungssatz an, um ihn an sein aktuelles Portfolio und Anlageziel anzupassen.
- Regular monthly distribution of $0.0385 per share maintained
- Diverse investment strategy across real estate, fixed-income, and floating rate instruments
- Adjusted distribution rate to align with current portfolio and investment objective
- 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
View original content:https://www.prnewswire.com/news-releases/highland-opportunities-and-income-fund-announces-the-regular-monthly-distribution-302264811.html
SOURCE Highland Opportunities and Income Fund
FAQ
What is the monthly distribution amount for Highland Opportunities and Income Fund (HFRO)?
When is the payment date for HFRO's October 2024 distribution?
What are the main investment categories for Highland Opportunities and Income Fund (HFRO)?
When did HFRO adjust its monthly distribution rate?
