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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, January 23rd will be given a dividend of 0.0385 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, January 23rd.

Highland Funds I – Highland Opportunities and Income Fund Stock Up 0.2%

Shares of Highland Funds I – Highland Opportunities and Income Fund stock opened at $6.33 on Wednesday. Highland Funds I – Highland Opportunities and Income Fund has a twelve month low of $4.24 and a twelve month high of $6.83. The firm’s 50-day moving average price is $6.12 and its 200 day moving average price is $6.09.

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.