Highland Opportunities and Income Fund

HFRO

Market cap $360M

DALLAS , Oct. 1, 2025 /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, 2025, to shareholders of record at the close of business October 24, 2025.

Highland Opportunities and Income Fund is trading at a 43.5% discount to its $11.38 NAV per share as of the end of its second quarter. The CEF's preferreds pay out a current yield of 8% and are trading for 67 cents on the dollar. Pending Fed rate cuts should aggregate at 50 basis points to end 2025, with a possible move of the U.S. 10-year Treasury yield lower if inflation prints are within consensus.

Highland Opportunities and Income Fund offers a high yield and trades at a steep discount to NAV, but faces fundamental challenges. HFRO's portfolio is heavily concentrated in real estate and private investments, with aggressive leverage amplifying risk in a high-rate environment. Inconsistent earnings and declining NAV raise concerns about the sustainability of HFRO's 6.9% dividend yield and future payouts.

DALLAS , Sept. 9, 2025 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced a key addition to its portfolio management team.

DALLAS , Sept. 3, 2025 /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.

DALLAS , Aug. 27, 2025 /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 Tuesday, September 23, 2025, at 10:00 a.m. CT, to discuss portfolio updates and recent performance.

I use a systematic 'Triple-Factor' screen to identify CEFs with high yield, strong coverage, and discounts to NAV for optimal risk/reward. Top candidates offer yields above 7.5%, coverage above 90%, and trade at discounts, providing both income and potential capital appreciation. While Highland Opportunities and Income (HFRO) scores highly, I view it as speculative due to past controversies, despite activist involvement as a potential catalyst.

DALLAS , Aug. 1, 2025 /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 29, 2025, to shareholders of record at the close of business August 22, 2025.

The Triple-Factor screen identifies closed-end funds with >8% yield, >90% coverage, and trading at a discount to NAV, balancing yield, sustainability, and value. Key metrics: premium/discount, z-score, leverage, baseline expense, and coverage. Focus on funds with wide discounts, negative z-scores, and high yields. Explore top lists for further research; these shortlists are not final buy/sell recommendations. Always verify coverage ratios with official fund documents.

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