Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) to Issue Monthly Dividend of $0.04

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) announced a monthly dividend on Monday, February 2nd. Stockholders of record on Friday, February 20th will be given a dividend of 0.0385 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, February 20th.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

HFRO traded up $0.03 on Tuesday, reaching $6.37. The stock had a trading volume of 38,810 shares, compared to its average volume of 131,647. Highland Funds I – Highland Opportunities and Income Fund has a fifty-two week low of $4.24 and a fifty-two week high of $6.83. The firm has a 50-day moving average of $6.13 and a 200-day moving average of $6.16.

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.