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

by · The Markets Daily

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO – Get Free Report) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Wednesday, September 23rd will be given a dividend of 0.0385 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Wednesday, September 23rd.

Highland Funds I – Highland Opportunities and Income Fund Stock Down 0.3%

Shares of NYSE HFRO traded down $0.02 during trading hours on Wednesday, reaching $7.38. The stock had a trading volume of 8,972 shares, compared to its average volume of 135,999. The business’s fifty day moving average price is $7.34 and its two-hundred day moving average price is $6.62. Highland Funds I – Highland Opportunities and Income Fund has a 52-week low of $5.47 and a 52-week high of $7.69.

About Highland Funds I – Highland Opportunities and Income Fund

(Get Free Report)

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.

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