Highland Opportunities and Income Fund (HFRO) Announces Addition to Portfolio Management Team

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Highland Opportunities and Income Fund (NYSE:HFRO) has announced the appointment of Brad Heiss as a portfolio manager, effective September 9, 2025. Heiss joins existing portfolio managers Scott Johnson and James Dondero in managing the Fund's investments.

Heiss brings over 20 years of investment management experience, currently serving as Executive VP and CIO of NexAnnuity, and oversees NexPoint's financial services sector investments. His background includes positions at Goldman Sachs, Maverick Capital, and Citadel Advisors before joining NexPoint in 2013.

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DALLAS, Sept. 9, 2025 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced a key addition to its portfolio management team. Effective September 9, 2025, Brad Heiss has been named as a portfolio manager of the Fund. Mr. Heiss will join current portfolio managers Scott Johnson and James Dondero in overseeing the Fund's investment activities.

Mr. Heiss is executive vice President and chief investment officer of NexAnnuity, NexPoint's affiliated retirement solutions business that includes its insurance platform, and a portfolio manager at NexPoint where he oversees the firm's investments in the financial services sector. Mr. Heiss has over 20 years of investment management and financial services experience. He began his career at Goldman Sachs in New York, where he was an analyst in the Financial Institutions Group within the Investment Banking Division, and later worked as an investment analyst at long/short investment funds including Maverick Capital and Citadel Advisors before joining NexPoint in 2013. Mr. Heiss holds a BBA in finance from the University of Miami and the right to use the Chartered Financial Analyst (CFA) designation.

"We are pleased to add Brad as a portfolio manager to HFRO," said Scott Johnson, NexPoint Managing Director and Portfolio Manager of the Fund. "Brad's sector expertise and portfolio management experience will be a valuable addition to the portfolio management team as we look to optimize the Fund's portfolio and continue efforts to reduce the discount to NAV and maximize value for HFRO investors."

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 Highland Opportunities and Income Fund Website.

About NexPoint Asset Management, L.P.

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

Disclosures

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, which contains this and other information, please visit our website at www.nexpointassetmgmt.com or call 1-800-357-9167. Please read the fund prospectus carefully before investing.

Shares of closed-end investment companies frequently trade at a discount to NAV. 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.

CONTACTS

Investor Relations
Kristen Griffith
IR@nexpoint.com

Media Relations
Comms@nexpoint.com

View original content:https://www.prnewswire.com/news-releases/highland-opportunities-and-income-fund-hfro-announces-addition-to-portfolio-management-team-302550639.html

SOURCE Highland Opportunities and Income Fund

FAQ

Who is Brad Heiss and what is his new role at Highland Opportunities and Income Fund (HFRO)?

Brad Heiss has been appointed as a portfolio manager of HFRO effective September 9, 2025. He is the Executive VP and CIO of NexAnnuity with over 20 years of investment experience.

What is Brad Heiss's professional background before joining HFRO?

Heiss started at Goldman Sachs as an analyst in the Financial Institutions Group, worked at Maverick Capital and Citadel Advisors, and joined NexPoint in 2013. He holds a BBA in finance and the CFA designation.

Who are the current portfolio managers of Highland Opportunities and Income Fund?

The Fund is managed by Scott Johnson, James Dondero, and Brad Heiss (as of September 9, 2025).

What are HFRO's goals with the new portfolio manager appointment?

The Fund aims to optimize the portfolio, reduce the discount to NAV, and maximize value for HFRO investors with Heiss's sector expertise and portfolio management experience.