Highland Funds I – Highland Opportunities and Income Fund (HFRO) To Go Ex-Dividend on March 24th

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Monday, March 2nd. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.0385 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Tuesday, March 24th.

Highland Funds I – Highland Opportunities and Income Fund Trading Down 1.4%

Shares of NYSE:HFRO opened at $5.62 on Friday. The stock has a fifty day moving average of $6.18 and a 200-day moving average of $6.25. Highland Funds I – Highland Opportunities and Income Fund has a one year low of $4.24 and a one year high of $6.83.

Institutional Investors Weigh In On Highland Funds I – Highland Opportunities and Income Fund

Several hedge funds have recently modified their holdings of HFRO. Saba Capital Management L.P. boosted its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 25.3% in the 4th quarter. Saba Capital Management L.P. now owns 4,674,016 shares of the company’s stock valued at $27,951,000 after purchasing an additional 944,136 shares during the period. Nexpoint Asset Management L.P. increased its stake in Highland Funds I – Highland Opportunities and Income Fund by 30.3% in the 4th quarter. Nexpoint Asset Management L.P. now owns 3,673,047 shares of the company’s stock worth $21,965,000 after purchasing an additional 855,000 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Highland Funds I – Highland Opportunities and Income Fund by 5.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,822,324 shares of the company’s stock worth $11,572,000 after buying an additional 95,314 shares during the period. Invesco Ltd. raised its holdings in Highland Funds I – Highland Opportunities and Income Fund by 2.8% during the 4th quarter. Invesco Ltd. now owns 1,367,754 shares of the company’s stock worth $8,179,000 after buying an additional 37,035 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in Highland Funds I – Highland Opportunities and Income Fund by 3.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,007,989 shares of the company’s stock valued at $5,242,000 after buying an additional 29,430 shares in the last quarter.

About Highland Funds I – Highland Opportunities and Income Fund

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.