Highland Funds I – Highland Opportunities and Income Fund (HFRO) to Issue Monthly Dividend of $0.04 on October 31st

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) announced a monthly dividend on Wednesday, October 1st. Shareholders of record on Friday, October 24th will be given a dividend of 0.0385 per share on Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Friday, October 24th.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

HFRO stock opened at $6.45 on Wednesday. Highland Funds I – Highland Opportunities and Income Fund has a 52 week low of $4.24 and a 52 week high of $6.83. The firm’s 50-day moving average is $6.34 and its two-hundred day moving average is $5.57.

About Highland Funds I – Highland Opportunities and Income Fund

Highland Funds I – Highland Opportunities and Income Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. It is managed by Highland Capital Management Fund Advisors, L.P. The fund invests in fixed income markets of countries across the globe. It primarily invests in floating rate loans and other securities deemed to be floating rate investments, with an emphasis on adjustable rate senior loans to corporations and partnerships.