Highland Funds I – Highland Opportunities and Income Fund (HFRO) to Issue Monthly Dividend of $0.04 on April 30th

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) announced a monthly dividend on Wednesday, April 1st. Stockholders of record on Thursday, April 23rd will be paid a dividend of 0.0385 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Thursday, April 23rd.

Highland Funds I – Highland Opportunities and Income Fund Trading Up 0.1%

Shares of HFRO stock traded up $0.01 on Tuesday, hitting $6.13. The company had a trading volume of 8,061 shares, compared to its average volume of 122,575. The stock’s 50-day moving average is $5.96 and its two-hundred day moving average is $6.15. Highland Funds I – Highland Opportunities and Income Fund has a twelve month low of $4.90 and a twelve month high of $6.83.

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

Several large investors have recently added to or reduced their stakes in HFRO. Bank of America Corp DE acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund during the fourth quarter worth approximately $100,000. Cetera Investment Advisers grew its stake in Highland Funds I – Highland Opportunities and Income Fund by 8.3% during the second quarter. Cetera Investment Advisers now owns 70,716 shares of the company’s stock worth $368,000 after purchasing an additional 5,424 shares during the period. NewEdge Advisors LLC boosted its holdings in Highland Funds I – Highland Opportunities and Income Fund by 3.5% in the second quarter. NewEdge Advisors LLC now owns 121,872 shares of the company’s stock worth $634,000 after acquiring an additional 4,139 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Highland Funds I – Highland Opportunities and Income Fund in the second quarter worth approximately $127,000. Finally, Osaic Holdings Inc. boosted its holdings in Highland Funds I – Highland Opportunities and Income Fund by 0.8% in the second quarter. Osaic Holdings Inc. now owns 307,417 shares of the company’s stock worth $1,599,000 after acquiring an additional 2,393 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.