Highland Funds I – Highland Opportunities and Income Fund (HFRO) to Distribute Monthly Dividend of $0.04 on June 30th

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

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

Shares of NYSE HFRO opened at $7.31 on Friday. Highland Funds I – Highland Opportunities and Income Fund has a twelve month low of $5.03 and a twelve month high of $7.37. The stock’s 50 day moving average price is $6.40 and its 200-day moving average price is $6.18.

Insider Buying and Selling

In other Highland Funds I – Highland Opportunities and Income Fund news, major shareholder Saba Capital Management, L.P. acquired 123,589 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were acquired at an average price of $6.88 per share, with a total value of $850,292.32. Following the completion of the transaction, the insider owned 5,976,204 shares in the company, valued at approximately $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 SEC, which is accessible through this link. Insiders acquired 417,994 shares of company stock worth $2,760,184 in the last 90 days.

Institutional Investors Weigh In On Highland Funds I – Highland Opportunities and Income Fund

Several large investors have recently made changes to their positions in HFRO. IFP Advisors Inc purchased a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the 4th quarter worth about $31,000. Summit Securities Group LLC purchased a new stake in Highland Funds I – Highland Opportunities and Income Fund during the fourth quarter worth about $34,000. Fifth Third Bancorp bought a new stake in Highland Funds I – Highland Opportunities and Income Fund in the first quarter worth about $35,000. Advisory Services Network LLC bought a new stake in Highland Funds I – Highland Opportunities and Income Fund in the third quarter worth about $52,000. Finally, K2 Principal Fund L.P. purchased a new position in Highland Funds I – Highland Opportunities and Income Fund in the fourth quarter valued at about $60,000.

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.