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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Monday, March 2nd. Stockholders of record on Tuesday, March 24th will be given a dividend of 0.0385 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Tuesday, March 24th.

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

Shares of Highland Funds I – Highland Opportunities and Income Fund stock opened at $5.62 on Friday. The firm’s 50-day simple moving average is $6.18 and its 200-day simple moving average is $6.25. Highland Funds I – Highland Opportunities and Income Fund has a twelve month low of $4.24 and a twelve month high of $6.83.

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.