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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Friday, July 24th will be paid a dividend of 0.0385 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, July 24th.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

Shares of NYSE HFRO opened at $7.35 on Thursday. Highland Funds I – Highland Opportunities and Income Fund has a 1-year low of $5.03 and a 1-year high of $7.50. The business has a fifty day moving average price of $6.61 and a 200 day moving average price of $6.25.

Insider Buying and Selling at Highland Funds I – Highland Opportunities and Income Fund

In other news, major shareholder Saba Capital Management, L.P. purchased 123,589 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were acquired at an average price of $6.88 per share, for a total transaction of $850,292.32. Following the purchase, the insider owned 5,976,204 shares in the company, valued at $41,116,283.52. This trade represents a 2.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 417,994 shares of company stock worth $2,760,184 over the last 90 days.

Hedge Funds Weigh In On Highland Funds I – Highland Opportunities and Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Saba Capital Management L.P. grew its position in Highland Funds I – Highland Opportunities and Income Fund by 10.1% during the first quarter. Saba Capital Management L.P. now owns 5,147,237 shares of the company’s stock valued at $29,391,000 after buying an additional 473,221 shares during the period. Nexpoint Asset Management L.P. raised its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 30.3% in the fourth quarter. Nexpoint Asset Management L.P. now owns 3,673,047 shares of the company’s stock worth $21,965,000 after acquiring an additional 855,000 shares during the period. Invesco Ltd. raised its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 2.8% in the fourth 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 period. Marex Group plc boosted its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 267.5% during the 4th quarter. Marex Group plc now owns 285,112 shares of the company’s stock worth $1,705,000 after acquiring an additional 207,541 shares in the last quarter. Finally, Altium Capital Management LLC boosted its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 93.7% during the 1st quarter. Altium Capital Management LLC now owns 277,068 shares of the company’s stock worth $1,582,000 after acquiring an additional 134,009 shares in the last quarter.

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.