Highland Opportunities and Income Fund Announces the Regular Monthly Distribution

Rhea-AI Summary

Highland Opportunities and Income Fund (NYSE: HFRO) declared a regular monthly distribution of $0.0385 per common share. The distribution is payable on September 30, 2026, to shareholders of record as of the close of business on September 23, 2026. HFRO is a closed-end fund seeking capital growth and income, investing across real estate-related securities, loans, bonds, distressed and mezzanine securities, structured products, equities, and floating rate instruments, and it declares and pays distributions monthly.

Positive

• Monthly distribution declared at $0.0385 per share for September 2026
• Regular monthly payout schedule supports income-focused shareholders

Negative

• None.

Market Context

HFRO's monthly distribution announcements recorded both -1.46% and 1.63% 24-hour reactions in recent...

Analysis

HFRO's monthly distribution announcements recorded both -1.46% and 1.63% 24-hour reactions in recent history. The recurring payout should be viewed alongside that mixed record and relatively low short positioning.

Key Figures

Monthly distribution: $0.0385 per share Payment date: September 30, 2026 Record date: September 23, 2026

3 metrics

Monthly distribution $0.0385 per share Common stock distribution

Payment date September 30, 2026 Distribution payable date

Record date September 23, 2026 Shareholders of record at close of business

Historical Context

5 past events · Latest: Aug 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Aug 03	Monthly distribution	Positive	-1.5%	Declared $0.0385 monthly distribution payable August 31 to August 24 record holders.
Jul 01	Monthly distribution	Positive	+1.6%	Declared $0.0385 monthly distribution payable July 31 to July 24 record holders.
Jun 11	Investor update call	Neutral	+1.0%	Scheduled a June 25 investor call to discuss portfolio updates and recent performance.
Jun 09	Share repurchase	Positive	+4.7%	Authorized a two-year repurchase program for up to $100 million of common shares.
Jun 01	Monthly distribution	Positive	+1.4%	Declared $0.0385 monthly distribution payable June 30 to June 23 record holders.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent HFRO announcements showed mixed 24-hour reactions; the prior monthly distribution was followed by -1.46%, while the other four listed events were positive.

Key Terms

closed-end fund, reits, mortgage-backed securities, collateralized loan obligations, +1 more

5 terms

closed-end fund financial

"The Fund is a closed-end fund that seeks to provide growth of capital"

A closed-end fund is a pool of money collected from many investors to buy a diversified mix of stocks, bonds, or other assets, and it is managed by professionals. Unlike some investment options, its shares are bought and sold on stock exchanges at prices determined by supply and demand, which can be above or below the fund's actual value. This structure allows investors to buy or sell shares easily, but the value may fluctuate based on market conditions.

reits financial

"including real estate investment trusts ("REITs"), preferred equity"

REITs, or real estate investment trusts, are companies that own and operate income-producing properties—like apartments, shopping centers, offices, warehouses, or cell towers—and share the rental profits with investors in the form of dividends. Think of a REIT as a mutual fund for real estate: it lets investors buy a small piece of many properties without managing buildings themselves, providing regular income, portfolio diversification, and an easier way to invest in property through public markets.

mortgage-backed securities financial

"structured products (including but not limited to mortgage-backed securities"

A mortgage-backed security is an investment made by pooling many home loans and selling the right to the borrowers’ monthly payments to investors, so you receive a stream of principal and interest much like collecting payments on a bundle of IOUs. It matters to investors because it provides regular income but carries risks from homeowners missing payments or paying off loans early, and its value moves with interest rates and housing market conditions.

collateralized loan obligations financial

"mortgage-backed securities, collateralized loan obligations and asset-backed securities"

A collateralized loan obligation is a financial product that pools many corporate loans and repackages them into slices sold to investors, with some slices offering steady, lower returns and others offering higher returns but more risk. Like splitting a pizza into pieces for different tastes, CLOs let investors pick their preferred risk level and help banks fund lending, so changes in CLO performance influence credit availability and can move markets.

asset-backed securities financial

"collateralized loan obligations and asset-backed securities"

A type of investment created by pooling many similar cash‑flowing assets — like mortgages, car loans, or credit card receivables — and selling slices of that bundle to investors who then receive the payments those assets generate. Think of it as a fruit basket where buyers earn the fruit sales: investors get steady income but also take on the risk that the underlying loans stop performing or are paid off early. Investors care because these securities can provide predictable yield, portfolio diversification, and varying levels of credit and liquidity risk depending on the quality of the underlying assets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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DALLAS, Sept. 1, 2026 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced its regular monthly distribution on its common stock of $0.0385 per share. The distribution will be payable on September 30, 2026, to shareholders of record at the close of business September 23, 2026.

The Fund is a closed-end fund that seeks to provide growth of capital along with income in a registered fund format. The Fund pursues its investment objective by investing directly and indirectly (e.g., through derivatives that are the economic equivalent of direct investments) in the following categories of securities and instruments: (i) investments in securities or other instruments directly or indirectly secured by real estate, including real estate investment trusts ("REITs"), preferred equity, securities convertible into equity securities and mezzanine debt; (ii) other instruments, including, but not limited to, secured and unsecured fixed-rate loans and corporate bonds, distressed securities, mezzanine securities, structured products (including but not limited to mortgage-backed securities, collateralized loan obligations and asset-backed securities), convertible and preferred securities, equities (public and private), and futures and options; and (iii) floating rate loans and other securities deemed to be floating rate investments.

The Fund declares and pays distributions monthly.

About the Highland Opportunities and Income Fund

The Highland Opportunities and Income Fund (NYSE: HFRO) is a closed-end fund managed by NexPoint Asset Management, L.P. For more information visit nexpointassetmgmt.com/opportunities-income-fund.

About NexPoint Asset Management, L.P.

NexPoint Asset Management, L.P. is an SEC-registered investment adviser on the NexPoint investment platform. It is the adviser to a suite of registered open-end and close-end funds. For more information visit nexpointassetmgmt.com.

Before investing in the Fund, you should carefully consider the Fund's investment objectives, risks, charges, and expenses. For a copy of a prospectus or summary prospectus, the Fund's most recent annual report on Form N-CSR, semi-annual report, and other filings which contain this and other information, please visit our website at www.nexpointassetmgmt.com, the Securities and Exchange Commission's website at www.sec.gov, or call 1-800-357-9167. Please read these materials carefully before investing.

The distribution may include a return of capital. Please refer to the 19(a)-1 Source of Distribution Notice on the NexPoint Asset Management website for Section 19 notices that provide estimated amounts and sources of the Fund's distributions, which should not be relied upon for tax reporting purposes.

No assurance can be given that the Fund will achieve its investment objectives.

Shares of closed-end investment companies frequently trade at a discount to net asset value. The price of the Fund's shares is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at, below or above net asset value. Past performance does not guarantee future results.

Closed-End Fund Risk. The Fund is a closed-end investment company designed primarily for long-term investors and not as a trading vehicle. No assurance can be given that a shareholder will be able to sell his or her shares on the NYSE when he or she chooses to do so, and no assurance can be given as to the price at which any such sale may be affected.

Credit Risk. The Fund may invest all or substantially all of its assets in Senior Loans or other securities that are rated below investment grade and unrated Senior Loans deemed by NexPoint to be of comparable quality. Securities rated below investment grade are commonly referred to as "high yield securities" or "junk securities." They are regarded as predominantly speculative with respect to the issuing company's continuing ability to meet principal and interest payments. Non-payment of scheduled interest and/or principal would result in a reduction of income to the Fund, a reduction in the value of the Senior Loan experiencing non-payment and a potential decrease in the NAV of the Fund. Investments in high yield Senior Loans and other securities may result in greater NAV fluctuation than if the Fund did not make such investments.

Real Estate Industry Risk: Issuers principally engaged in real estate industry, including real estate investment trusts, may be subject to risks similar to the risks associated with the direct ownership of real estate, including: (i) changes in general economic and market conditions; (ii) changes in the value of real estate properties; (iii) risks related to local economic conditions, overbuilding and increased competition; (iv) increases in property taxes and operating expenses; (v) changes in zoning laws; (vi) casualty and condemnation losses; (vii) variations in rental income, neighborhood values or the appeal of property to tenants; (viii) the availability of financing and (ix) changes in interest rates and leverage.

Illiquidity of Investments Risk. The investments made by the Fund may be illiquid, and consequently the Fund may not be able to sell such investments at prices that reflect the Investment Adviser's assessment of their value or the amount originally paid for such investments by the Fund.

Ongoing Monitoring Risk. On behalf of the several Lenders, the Agent generally will be required to administer and manage the Senior Loans and, with respect to collateralized Senior Loans, to service or monitor the collateral. Financial difficulties of Agents can pose a risk to the Fund.

CONTACTS
Investor Relations
Kristen Griffith
IR@nexpoint.com

Media Relations
comms@nexpoint.com

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SOURCE Highland Opportunities and Income Fund

FAQ

What monthly distribution did Highland Opportunities and Income Fund (NYSE: HFRO) announce for September 2026?

Highland Opportunities and Income Fund announced a regular monthly distribution of $0.0385 per share for September 2026. According to the fund, this dividend applies to its common stock outstanding as of the September 23, 2026 record date.

When is the HFRO September 2026 dividend record date and payment date?

The HFRO September 2026 record date is September 23, 2026, and the payment date is September 30, 2026. According to the fund, shareholders of record on the record date will receive the $0.0385 per share cash distribution.

Is the Highland Opportunities and Income Fund (HFRO) dividend paid monthly?

Yes, HFRO declares and pays distributions on a monthly basis. According to the fund, it has a policy of declaring and paying regular monthly distributions on its common shares, including the September 2026 $0.0385 per share payment.

What type of fund is Highland Opportunities and Income Fund (HFRO)?

Highland Opportunities and Income Fund is a closed-end fund seeking capital growth and income. According to the fund, it invests in real estate-related securities, loans, bonds, distressed and mezzanine debt, structured products, equities, and floating rate instruments.

What does Highland Opportunities and Income Fund (HFRO) invest in to support its income distributions?

HFRO invests in real estate-related securities, loans, bonds, distressed and mezzanine debt, structured products, equities, and floating rate loans. According to the fund, these diversified assets aim to support its objectives of income generation and capital growth.