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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Monday, August 3rd. Shareholders of record on Monday, August 24th will be paid a dividend of 0.0385 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Monday, August 24th.

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

NYSE HFRO opened at $7.43 on Wednesday. The stock’s 50 day moving average is $7.22 and its two-hundred day moving average is $6.49. Highland Funds I – Highland Opportunities and Income Fund has a 1-year low of $5.47 and a 1-year high of $7.69.

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.