Highland Opportunities and Income Ord - HFRO STOCK NEWS

Highland Opportunities and Income Fund (HFRO) has announced the final results of its oversubscribed tender and exchange offer. The Fund will exchange 10,000,000 Common Shares for newly issued 5.375% Series B Preferred Shares, with an aggregate liquidation preference of approximately $100 million.

Due to high demand, with 21,673,105 Common Shares properly tendered, the exchange will be conducted on a pro rata basis with a proration factor of 46.14096%. Unaccepted shares will be returned to tendering shareholders. The settlement is scheduled for March 13th, 2025.

Highland Opportunities and Income Fund (HFRO) has announced the results of its oversubscribed tender and exchange offer. The Fund will exchange 10 million common shares for newly issued 5.375% Series B Preferred Shares with an aggregate liquidation preference of approximately $100 million.

The exchange offer received a total of 21,673,105 common shares properly tendered. Due to oversubscription, HFRO will implement a proration factor of approximately 46.140199% for accepting common shares, with distribution occurring on a pro-rata basis. Any unaccepted common shares will be returned to the tendering shareholders.

Highland Opportunities and Income Fund (HFRO) has successfully completed its oversubscribed tender and exchange offer, where common shares were exchanged for newly issued 5.375% Series B Preferred Shares. The Fund will exchange 10,000,000 Common Shares for Preferred Shares with an aggregate liquidation preference of approximately $100 million.

The Preferred Shares, rated BBB+ by Egan-Jones, will be listed on the NYSE with a liquidation preference of $25.00 per share. Shareholders will receive cumulative dividends at a 5.375% annual rate, payable quarterly starting March 31, 2025. Due to oversubscription, shares will be exchanged on a pro rata basis, with unaccepted shares returned to tendering shareholders.

Highland Opportunities and Income Fund (NYSE: HFRO) has declared its regular monthly distribution of $0.0385 per share, payable on March 31, 2025, to shareholders of record as of March 24, 2025.

The closed-end fund aims to provide capital growth and income through a diversified investment strategy. HFRO invests in multiple securities categories including:

• Real estate-backed securities, REITs, preferred equity, and mezzanine debt
• Fixed-rate loans, corporate bonds, distressed securities, structured products, and convertible securities
• Floating rate loans and related investments

Highland Opportunities and Income Fund (NYSE:HFRO) has scheduled an investor conference call for March 26, 2025, at 4:00 p.m. ET. The call will focus on discussing portfolio updates and recent performance of the Fund. Investors can register for the call through the provided link or by visiting the Highland Opportunities and Income Fund Website. Participants have the opportunity to submit questions in advance through the registration link, and a replay of the call will be made available on HFRO's website afterward.

Highland Opportunities and Income Fund (NYSE: HFRO) has declared its regular monthly distribution of $0.0385 per share, payable on February 28, 2025, to shareholders of record as of February 21, 2025. The Fund operates as a closed-end fund focusing on capital growth and income through various investment categories.

The Fund's investment strategy includes direct and indirect investments in real estate-related securities (including REITs, preferred equity, and convertible securities), other instruments (such as loans, corporate bonds, and structured products), and floating rate investments. The Fund maintains a monthly distribution schedule and recently adjusted its monthly distribution rate on January 4, 2024, to better align with its current portfolio and investment objectives.

Highland Opportunities and Income Fund (HFRO) has launched a tender and exchange offer for common shares, exchanging up to $100 million worth for newly issued Series B Preferred Shares. The exchange price is set at $10.00 per Share, offering a premium to current market price. The offer runs from February 3, 2025, to March 4, 2025.

The Series B Preferred Shares received a BBB+ Investment Grade rating from Egan-Jones and will be listed on NYSE with a 5.375% coupon and $25.00 liquidation preference. This initiative is part of HFRO's strategy to address the share price's discount to NAV and enhance shareholder value, alongside other measures including a share repurchase program and enhanced transparency efforts.

If tender requests exceed the $100 million limit, shares will be purchased on a pro rata basis. The Fund will not issue fractional Series B Preferred Shares.

Highland Opportunities and Income Fund (NYSE: HFRO) has declared its regular monthly distribution of $0.0385 per share, payable on January 31, 2025, to shareholders of record as of January 24, 2025. The Fund operates as a closed-end fund focusing on capital growth and income through a diversified investment strategy.

The Fund invests in various securities including those secured by real estate, REITs, preferred equity, convertible securities, and mezzanine debt. Additional investment categories include fixed-rate loans, corporate bonds, distressed securities, structured products, and floating rate investments.

The Fund maintains a monthly distribution schedule and recently adjusted its monthly distribution rate on January 4, 2024, to better align with its current portfolio and investment objectives.

The Highland Opportunities and Income Fund (NYSE: HFRO) has declared its regular monthly distribution of $0.0385 per share, payable on December 31, 2024, to shareholders of record as of December 24, 2024. The Fund, structured as a closed-end fund, aims to provide capital growth and income through investments in real estate-related securities, REITs, fixed-rate loans, corporate bonds, and various other financial instruments. The Fund adjusted its monthly distribution rate on January 4, 2024, to better align with its current portfolio and investment objectives.