Highland Funds I - Highland Income Fund (HFRO)

NYSE: HFRO · IEX Real-Time Price · USD
6.40
-0.04 (-0.62%)
Jul 12, 2024, 4:00 PM EDT - Market closed
-0.62%
Market Value 428.12M
Revenue 44.54M
Net Income 83.62M
Shares Out 66.89M
EPS 1.25
PE Ratio 5.12
Forward PE n/a
Dividend $0.46 (7.22%)
Ex-Dividend Date Jul 24, 2024
Volume 125,956
Open 6.37
Previous Close 6.44
Day's Range 6.37 - 6.45
52-Week Range 5.92 - 8.93
Beta n/a
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]

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

Highland Opportunities and Income Fund Announces the Regular Monthly Distribution

DALLAS , July 1, 2024 /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...

12 days ago - PRNewsWire

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: BGYBIGZBSTBSTZ
2 months ago - Forbes

Highland Opportunities and Income Fund Announces Investor Update Call

DALLAS , May 9, 2024 /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 Thursday, May...

2 months ago - PRNewsWire

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
7 months ago - Forbes

The 5 Biggest Dividend Bargains Left To Buy Before 2024

Did you miss out? Have cash suddenly burning a hole in your pocket?

Other symbols: GDVKYNMEGINBXG
8 months ago - Forbes

Highland Opportunities and Income Fund Announces Update Call

DALLAS , Aug. 29, 2023 /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 Tuesday, Se...

11 months ago - PRNewsWire

Highland Income Fund Announces the Regular Monthly Distribution

DALLAS , June 1, 2023 /PRNewswire/ -- The Highland Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced its regular monthly distribution on its common stock of  $0.0770 per share. The distr...

1 year ago - PRNewsWire

This 11% Dividend Is Impossibly Cheap

We can bank 50% more dividends when we look past the popular ETFs.

1 year ago - Forbes

Highland Income Fund Announces Share Repurchase Program, Changes to Fund Name and Investment Objective

DALLAS , May 16, 2023 /PRNewswire/ -- The Highland Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced that the Fund's Board of Trustees (the "Board") approved a repurchase program pursuan...

1 year ago - PRNewsWire

Highland Income Fund Announces Changes to Portfolio Management Team

DALLAS , Jan. 27, 2023 /PRNewswire/ -- The Highland Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced changes to the Fund's portfolio management team, effective January 30, 2023. Scott J...

1 year ago - PRNewsWire

The Best Dividend Stock To Buy Right Now

Brett, the financial media is telling me that interest rates are going to the moon. And that my cheap bonds are about to get even cheaper.

1 year ago - Forbes

3 Unbelievably Cheap High-Yield CEFs

These three little-known funds yield up to 13.5%—and their payouts are actually safer than they've been in years, thanks to the Fed-induced selloff.

Other symbols: NBXGNML
1 year ago - Forbes

Four Discounted Funds Paying Up To 9.8% Dividends

These discounts only exist with CEFs.

Other symbols: HGLBNML
2 years ago - Forbes

Highland Income Fund (HFRO) Provides Update on MGM Investment

DALLAS , March 18, 2022 /PRNewswire/ -- The Highland Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today provided an update on its investment in Metro Goldwyn Mayer, Inc. ("MGM"). On March 17, 2022,...

2 years ago - PRNewsWire

Highland Income Fund (HFRO) Provides Update on Proposal to Convert the Fund to a Diversified Holding Company

Adviser Announces Decision to Withdraw Proposals, Outlines Plans for HFRO Under Current Structure Adviser Announces Decision to Withdraw Proposals, Outlines Plans for HFRO Under Current Structure

2 years ago - GlobeNewsWire

Highland Income Fund (HFRO) Announces Supplement to Proxy Statement, Adjourns Special Meeting of Shareholders to Allow Review of Supplemented Proxy

Special Meeting of Shareholders Adjourned to October 15, 2021, to Allow Shareholders to Review Latest Supplement to Proxy Statement Special Meeting of Shareholders Adjourned to October 15, 2021, to Al...

3 years ago - GlobeNewsWire

Highland Income Fund (HFRO) Announces Adjournment of Special Meeting of Shareholders

Special Meeting of Shareholders Adjourned to September 24, 2021, to Allow Shareholders to Review Recent Updates to Holding Company Conversion Proposal Special Meeting of Shareholders Adjourned to Sept...

3 years ago - GlobeNewsWire

Highland Income Fund (HFRO) Announces Tender Offer as Part of Holding Company Conversion Proposal

HFRO to Purchase Up to $50 Million of Common Shares Under Proposed Tender Offer, Files Proxy Amendment Updating Conversion Proposal with Tender Offer Terms.Adviser Provides Additional Information on C...

3 years ago - GlobeNewsWire

Stockholders of Highland Income Fund Urged to Vote Against Conversion to Holding Company

NEW YORK--(BUSINESS WIRE)--Stockholders of Highland Income Fund Urged to Vote Against Conversion to Holding Company

3 years ago - Business Wire

Highland Income Fund Files Definitive Proxy Statement for Proposal to Convert Fund to Diversified Holding Company

Special Meeting of Shareholders Scheduled for August 20, 2021Fund's Board and Independent Trustees Recommend Shareholders Vote “FOR” Proposal Special Meeting of Shareholders Scheduled for August 20, 2...

3 years ago - GlobeNewsWire

Trial Court Issues Judgment Against Credit Suisse in Case Related to the Highland Income Fund

Court Enters Judgment on Remand, Awards $121 Million to Claymore Holdings Court Enters Judgment on Remand, Awards $121 Million to Claymore Holdings

3 years ago - GlobeNewsWire

Highland Income Fund Announces Proposal to Convert Fund to Diversified Holding Company

Business Change Intended to Increase Shareholder Value, Provide Potential to Reduce Discount to NAVFund's Board and Independent Trustees Unanimously Approve Proposal, Recommend Shareholders Vote “FOR”...

3 years ago - GlobeNewsWire

Highland Capital Management Fund Advisors Announces Updates to Highland Income Fund Portfolio Management Team

DALLAS, Sept. 25, 2020 /PRNewswire/ -- Highland Capital Management Fund Advisors, L.P. ("HCMFA") today announced recent updates to the portfolio management team for the Highland Income Fund (NYSE: HFR...

4 years ago - PRNewsWire

Three Monthly Dividend Funds Paying Up To 10.8%

If your dividend portfolio is like that of most investors I know, you’re probably getting paid quarterly.

Other symbols: BITEAD
4 years ago - Forbes

Highland Income Fund Announces the Regular Monthly Dividend

DALLAS, July 1, 2020 /PRNewswire/ -- Highland Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced its regular monthly dividend on its common stock of $0.0770 per share. The dividend will b...

4 years ago - PRNewsWire