Highland Funds I – Highland Opportunities and Income Fund Announces Monthly Dividend of $0.04 (NYSE:HFRO)

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Wednesday, April 1st. Investors of record on Thursday, April 23rd will be given a dividend of 0.0385 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Thursday, April 23rd.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

Shares of NYSE HFRO opened at $6.11 on Tuesday. The business has a 50-day simple moving average of $5.96 and a two-hundred day simple moving average of $6.15. Highland Funds I – Highland Opportunities and Income Fund has a 52 week low of $4.76 and a 52 week high of $6.83.

Institutional Trading of Highland Funds I – Highland Opportunities and Income Fund

Large investors have recently modified their holdings of the business. Invesco Ltd. lifted its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 2.8% during the 4th quarter. Invesco Ltd. now owns 1,367,754 shares of the company’s stock worth $8,179,000 after acquiring an additional 37,035 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund during the 4th quarter worth $214,000. Papamarkou Wellner Asset Management inc. lifted its position in Highland Funds I – Highland Opportunities and Income Fund by 50.0% in the 4th quarter. Papamarkou Wellner Asset Management inc. now owns 45,000 shares of the company’s stock worth $269,000 after buying an additional 15,000 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Highland Funds I – Highland Opportunities and Income Fund by 8.0% in the fourth quarter. NewEdge Advisors LLC now owns 130,626 shares of the company’s stock worth $781,000 after purchasing an additional 9,715 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Highland Funds I – Highland Opportunities and Income Fund in the fourth quarter worth $226,000.

About Highland Funds I – Highland Opportunities and Income Fund

Highland Funds I – Highland Opportunities and Income Fund (NYSE: HFRO) is a diversified, closed-end management investment company designed to seek total return with an emphasis on current income. The fund pursues its objective by investing primarily in a broad range of credit instruments, including senior secured loans, high-yield corporate bonds, distressed debt and other special situation opportunities. In addition to its credit allocations, HFRO may also invest in equity securities, convertible instruments and derivative instruments to hedge risk or enhance yield.

Since commencing operations in 2006, Highland Opportunities and Income Fund has employed an opportunistic, value-oriented strategy to capitalize on market dislocations and mispriced assets.