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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Monday, August 3rd. Stockholders of record on Monday, August 24th will be paid a dividend of 0.0385 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, August 24th.

Highland Funds I – Highland Opportunities and Income Fund Stock Up 0.3%

HFRO opened at $7.54 on Tuesday. Highland Funds I – Highland Opportunities and Income Fund has a twelve month low of $5.29 and a twelve month high of $7.69. The company has a fifty day simple moving average of $7.20 and a 200 day simple moving average of $6.48.

Highland Funds I – Highland Opportunities and Income Fund declared that its board has authorized a share repurchase plan on Tuesday, June 9th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

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.