Highland Funds I – Highland Opportunities and Income Fund (HFRO) to Distribute Monthly Dividend of $0.04 on July 31st

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Friday, July 24th will be given a dividend of 0.0385 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, July 24th.

Highland Funds I – Highland Opportunities and Income Fund Stock Up 1.6%

Shares of HFRO stock opened at $7.50 on Friday. Highland Funds I – Highland Opportunities and Income Fund has a 52-week low of $5.03 and a 52-week high of $7.55. The firm’s 50-day moving average is $6.64 and its 200-day moving average is $6.26.

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.