Highland Funds I - Highland Opportunities and Income Fund (HFRO)

NYSE: HFRO · Real-Time Price · USD
4.940
+0.060 (1.23%)
Apr 17, 2025, 4:00 PM EDT - Market closed
1.23%
Market Cap 317.34M
Revenue (ttm) n/a
Net Income (ttm) n/a
Shares Out 65.30M
EPS (ttm) n/a
PE Ratio n/a
Forward PE n/a
Dividend $0.46 (9.35%)
Ex-Dividend Date Apr 23, 2025
Volume 123,539
Open 4.900
Previous Close 4.880
Day's Range 4.900 - 4.950
52-Week Range 4.240 - 6.740
Beta 0.72
Analysts n/a
Price Target n/a
Earnings Date n/a

About HFRO

Highland Funds I - Highland Opportunities and Income Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. It is managed by Highland Capital Management Fund Advisors, L.P. The fund invests in fixed income markets of countries across the globe. It primarily invests in floating rate loans and other securities deemed to be floating rate investments, with an emphasis on adjustable rate senior loans to corporations and partnerships. The fund seeks to invest in below investment grade securities. It also invests ... [Read more]

Industry Asset Management - Income
Sector Financials
Founded 2000
Country United States
Stock Exchange NYSE
Ticker Symbol HFRO
Full Company Profile

Financial Performance

In 2022, HFRO's revenue was $44.54 million, a decrease of -69.60% compared to the previous year's $146.48 million. Earnings were $83.62 million, a decrease of -39.40%.

News

The Triple-Factor Closed-End Fund Report, April 2025

The Triple-Factor screen identifies closed-end funds with >8% yield, >90% coverage, and trading at a discount to NAV, balancing yield, sustainability, and value. Key metrics: premium/discount, z-score...

Other symbols: FSCO
3 days ago - Seeking Alpha

Highland Opportunities and Income Fund Announces the Regular Monthly Distribution

DALLAS , April 1, 2025 /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 p...

18 days ago - PRNewsWire

New Preferred Stock IPOs, March 2025

We tracked six new preferred stock and exchange traded debt offerings with yields from 6.15% to 10%, highlighting their CDx3 Compliance Scores. Oxford Lane Capital Corp.'s new exchange notes (OXLCG) a...

18 days ago - Seeking Alpha

Triple-Factor Closed-End Fund Report, March 2025

The Triple-Factor screen identifies CEFs with yields >8%, coverage >90%, and trading at a discount to NAV, balancing yield, sustainability, and value. Coverage is calculated using trailing estimates f...

Other symbols: DHFRSF
19 days ago - Seeking Alpha

Income-Covered Closed-End Fund Report, March 2025

The Income-Covered CEF Report screens funds with >100% distribution coverage, reducing the risk of distribution cuts and potential price declines. Key metrics: premium/discount, z-score, leverage, bas...

Other symbols: RSF
22 days ago - Seeking Alpha

Preferreds Weekly Review: The Risk Of Preferreds Dilution

We take a look at the action in preferreds and baby bonds through the second week of March and highlight some of the key themes we are watching. Preferred stocks saw a slight gain over the week, drive...

Other symbols: EIC
26 days ago - Seeking Alpha

HFRO: A-Rated Preferred Shares With 8% Yield

Highland Opportunities and Income Fund's tender offer was a bit harsh on the common and the preferreds. Moody's downgraded HFRO's preferred shares due to high illiquid asset exposure and deteriorating...

4 weeks ago - Seeking Alpha

HFRO: Oversubscribed Tender Offer, Still A Massive -55% Discount To NAV

HFRO's common shares trade at a massive -55% discount to NAV, reflecting market skepticism about the fund's illiquid holdings and management practices. HFRO launched a tender offer to exchange common ...

5 weeks ago - Seeking Alpha

Highland Opportunities and Income Fund (HFRO) Provides Details on Results of Oversubscribed Tender and Exchange Offer

DALLAS , March 12, 2025 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE:HFRO) ("HFRO" or the "Fund") today announced the final results of its tender and exchange offer (the "Exchange ...

5 weeks ago - PRNewsWire

Highland Opportunities and Income Fund (HFRO) Announces Completion of Oversubscribed Tender and Exchange Offer

DALLAS , March 5, 2025 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced the successful completion of its tender and exchange offer (the "E...

6 weeks ago - PRNewsWire

Highland Opportunities and Income Fund Announces Investor Update Call

DALLAS , Feb. 27, 2025 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE:HFRO) ("HFRO" or the "Fund") announced today that the Fund is scheduled to host a conference call on Wednesday, ...

7 weeks ago - PRNewsWire

Must-Read For Shareholders: HFRO Tender Offer

Hear ye, hear ye, important information about Highland Opportunities and Income Fund is shared, explained, and laid out in beautiful detail. This is a must-read for shareholders – no exceptions. Let y...

2 months ago - Seeking Alpha

Highland Opportunities and Income Fund (HFRO) Announces Commencement of Tender and Exchange Offer

DALLAS , Feb. 3, 2025 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced the commencement of a tender and exchange offer (the "Exchange Offe...

2 months ago - PRNewsWire

HFRO: 8% Yielding Preferreds Trading At A Discount To NAV

HFRO's investment-grade rated Series A Preferreds are currently trading at a 33% discount to their intrinsic value. The preferreds offer a compelling 8% yield on cost. This yield has been catalyzed by...

3 months ago - Seeking Alpha

Closed-End Funds: Screening For Potential Opportunites To Kick Off Q1 2025

The closed-end fund space saw a significant narrowing of discounts throughout 2024 as equity markets charged higher and now discounts remain tight heading into 2025. In particular, equity CEFs have se...

Other symbols: BRWBSTBUICCDCRFCUBADMA
3 months ago - Seeking Alpha

Preferreds Weekly Review: HFRO Tees Up Another Preferred

We take a look at the action in preferreds and baby bonds through the first week of December and highlight some of the key themes we are watching. Preferred stocks showed mixed performance, but the se...

4 months ago - Seeking Alpha

HFRO: New Preferred Shares Aim To Narrow The Discount

HFRO's attempts to boost share price, including buybacks and a dedicated board committee, have failed. HFRO's new tender offer swaps common shares for preferred shares at a premium. Bold move. Let's s...

5 months ago - Seeking Alpha

Highland Opportunities and Income Fund (HFRO) Announces Tender Offer for Common Shares in Exchange for up to $100 Million in Preferred Shares

DALLAS , Nov. 25, 2024 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE:HFRO) ("HFRO" or the "Fund") today announced its plan to conduct an issuer tender offer pursuant to Rule 13e-4 u...

5 months ago - PRNewsWire

HFRO: Discount To NAV Widens To 53% For A 7% Yield

Highland Opportunities and Income Fund trades at a 53% discount to NAV. The recent purchase of QuarterNorth by Talos Energy validated at least some marks on the book as accurate. We look at where the ...

10 months ago - Seeking Alpha

BlackRock Just Sent These 8%+ Payers Soaring

A couple weeks ago, on May 3, BlackRock BlackRock , the world's largest investment firm, did something that will send a shockwave through our favorite high-yield investments: closed-end funds (CEFs).

Other symbols: BGYBSTBSTZ
1 year ago - Forbes

HFRO: Preferred Shares Look More Attractive Than The Commons For This CEF

Highland Opportunities and Income Fund is a $1 billion closed-end fund with a real estate-focused portfolio. The main portfolio manager for the CEF, Mr. James Dondero, is also the founder of NexPoint,...

1 year ago - Seeking Alpha

The Quality Closed-End Fund Report, January 2024

Quantitative screens narrow down attractive closed-end funds for further due diligence and investigation. The "Quality" report focuses on funds with coverage exceeding 100% to lower the risk of distri...

1 year ago - Seeking Alpha

HFRO: 50% Discount To NAV And 50% Distribution Cut

Highland Opportunities and Income Fund provided an opportunity as it cut its income. HFRO fund tanked 16% and widened the discount to NAV to almost 50%. We examine the "why" and give you our take.

1 year ago - Seeking Alpha

7 Massive Monthly Dividends Yielding Up To 18%

A safe double-digit yield makes it a lot easier to retire. Today we'll discuss a portfolio that pays 14.1% (that's no typo).

Other symbols: CLMCRFFPFFSCOGOFIGR
1 year ago - Forbes

HFRO Update: Looks Attractive With A 37% Discount And An 11.6% Distribution Yield

Highland Opportunities and Income Fund is a closed-end fund that invests in various asset classes, including real estate, CLOs, equity, and loans. HFRO pays an 11.59% distribution and trades at a 37% ...

1 year ago - Seeking Alpha