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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 22nd will be paid a dividend of 0.0385 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, May 22nd.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

Shares of HFRO stock opened at $6.16 on Wednesday. The stock’s 50-day simple moving average is $5.93 and its 200-day simple moving average is $6.11. Highland Funds I – Highland Opportunities and Income Fund has a fifty-two week low of $4.94 and a fifty-two week high of $6.83.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

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.