Highland Opportunities and Income Ord Stock Price, News & Analysis

HFRO, managed by Highland Capital Management, has proposed a tender offer to buy back up to $50 million worth of common shares at 95% of the net asset value. The move aims to enhance shareholder liquidity amid its efforts to convert into a diversified holding company. This tender offer is contingent upon shareholder approval at a special meeting scheduled for August 20, 2021. If approved, the tender offer is expected to commence within 60 days after the vote. The Board recommends voting in favor of the conversion proposal to increase shareholder value.

The Coalition of Concerned Stockholders of Highland Income Fund (HFRO) urges stockholders to vote against the proposed conversion to a holding company. Following the announcement, HFRO's stock fell 7.65% to $10.98, with a worsening discount to NAV. Key concerns include the loss of investor protections, such as limits on excessive leverage and share dilution. The Coalition highlights James Dondero's troubling history and warns that his leadership could lead to a significant discount in stock value, as seen with another fund he oversees. They advocate for changes aimed at enhancing stockholder value.

Highland Income Fund (NYSE: HFRO) announced a regular monthly distribution of $0.0770 per share, payable on August 31, 2021, to shareholders of record as of August 24, 2021. The Fund focuses on providing high current income with capital preservation through investments in floating-rate loans, real estate securities, and various other financial instruments. As a closed-end fund, HFRO aims to balance income generation with risk management. Investors are advised to review the Fund's prospectus for detailed investment objectives and risks.

The Highland Income Fund (NYSE: HFRO) announced a special shareholder meeting on August 20, 2021, to discuss a proposal to convert the fund from a registered investment company to a diversified holding company. This change aims to enhance shareholder value and market positioning. The Board of Trustees recommends voting 'FOR' the proposal, highlighting potential benefits like superior risk-adjusted returns and a better position in growth sectors. A buyback program is also planned to support the transition, while maintaining current dividends through January 31, 2022.

Highland Income Fund (NYSE: HFRO) has declared a monthly distribution of $0.0770 per share, payable on July 30, 2021, to shareholders of record by July 23, 2021. The Fund, a closed-end entity managed by Highland Capital Management Fund Advisors, focuses on high current income while preserving capital. Investments include floating-rate loans, REITs, and other fixed-income securities. Investors should note that the Fund may involve risks, including credit risk from low-rated securities and the transition from LIBOR, which could influence its performance.

Highland Income Fund (HFRO) announced a significant legal victory, with the 134th Judicial District Court awarding $121 million to Claymore Holdings against Credit Suisse. This judgment stems from fraud committed by Credit Suisse, upheld by the Texas Supreme Court in April 2020. While the award accrues interest during appeal, it will be allocated approximately 82% to HFRO and 18% to NexPoint Strategic Opportunities Fund (NHF). No amount has been recorded in the Funds' net asset values yet, pending ongoing legal proceedings.

The Highland Income Fund (NYSE: HFRO) has announced a proposal to convert from a registered investment company to a diversified holding company aimed at enhancing shareholder value. This change, approved unanimously by the Fund's Board of Trustees, seeks to reposition HFRO in the market and potentially trade at a premium to its net asset value. The proposal includes a buyback program contingent on shareholder approval and aims to maintain the current dividend until January 2022. The Board urges shareholders to vote in favor of the Proposals, noting the potential for superior risk-adjusted returns.

On May 3, 2021, Highland Income Fund (NYSE: HFRO) announced a monthly distribution of $0.0770 per share, payable on May 28, 2021, to shareholders recorded by May 21, 2021. The Fund focuses on providing a high level of current income while preserving capital by investing in floating-rate loans, real estate securities, and various other instruments. It operates as a closed-end fund managed by Highland Capital Management Fund Advisors.

Highland Income Fund (NYSE: HFRO) has declared a regular monthly distribution of $0.0770 per share, payable to shareholders on April 30, 2021. Shareholders must be on record by April 23, 2021. The fund, managed by Highland Capital Management Fund Advisors, L.P., primarily invests in floating-rate loans, real estate-backed securities, and other fixed-income instruments. HFRO aims to provide a high level of current income while preserving capital. The fund transitioned to a closed-end fund in November 2017 and continues to pursue its investment objectives.