HFRO
Highland Opportunities and Income FundHFRO
HFRO
About: Highland Opportunities and Income Fund is a non-diversified, closed-end management investment company. Its investment objective is to Income Fund seeks growth of capital along with income. It focuses on making investments in real estate securities, including Reits, secured and unsecured fixed-rate loans and corporate bonds, mezzanine securities, structured products, convertible and preferred securities and equities (public and private), and floating rate securities.
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
144% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 9
17% more capital invested
Capital invested by funds: $177M [Q3] → $207M (+$29.9M) [Q4]
10% more funds holding
Funds holding: 98 [Q3] → 108 (+10) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]
1.0% less ownership
Funds ownership: 43.26% [Q3] → 42.26% (-1.0%) [Q4]
32% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 38
Research analyst outlook
We haven’t received any recent analyst ratings for HFRO.
Financial journalist opinion
Based on 6 articles about HFRO published over the past 30 days
Neutral
Seeking Alpha
2 days ago
The Triple-Factor Closed-End Fund Report, April 2025
The Triple-Factor screen identifies closed-end funds with >8% yield, >90% coverage, and trading at a discount to NAV, balancing yield, sustainability, and value. Key metrics: premium/discount, z-score, leverage, baseline expense, and coverage. Focus on funds with wide discounts, negative z-scores, and high yields. Explore top lists for further research; these shortlists are not final buy/sell recommendations. Always verify coverage ratios with official fund documents.
Neutral
PRNewsWire
2 weeks ago
Highland Opportunities and Income Fund Announces the Regular Monthly Distribution
DALLAS , April 1, 2025 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced its regular monthly distribution on its common stock of $0.0385 per share. The distribution will be payable on April 30, 2025, to shareholders of record at the close of business April 23, 2025.
Positive
Seeking Alpha
2 weeks ago
New Preferred Stock IPOs, March 2025
We tracked six new preferred stock and exchange traded debt offerings with yields from 6.15% to 10%, highlighting their CDx3 Compliance Scores. Oxford Lane Capital Corp.'s new exchange notes (OXLCG) achieved a perfect CDx3 Compliance Score, offering a 7.95% fixed coupon and a BBB+ rating. Preferred stock IPOs often trade temporarily on the OTC, allowing investors to buy shares at wholesale prices before they move to retail exchanges.
Neutral
Seeking Alpha
2 weeks ago
Triple-Factor Closed-End Fund Report, March 2025
The Triple-Factor screen identifies CEFs with yields >8%, coverage >90%, and trading at a discount to NAV, balancing yield, sustainability, and value. Coverage is calculated using trailing estimates from fund houses like PIMCO, BlackRock, Nuveen, and Eaton Vance, or from semi-annual reports. The report ranks funds by widest discounts, best z-scores, highest yields, and best combined metrics, providing fertile grounds for further exploration.
Neutral
Seeking Alpha
2 weeks ago
Income-Covered Closed-End Fund Report, March 2025
The Income-Covered CEF Report screens funds with >100% distribution coverage, reducing the risk of distribution cuts and potential price declines. Key metrics: premium/discount, z-score, leverage, baseline expense, and coverage. Focus on funds with wide discounts, negative z-scores, and high yields. Explore top lists for further research; these shortlists are not final buy/sell recommendations. Always verify coverage ratios with official fund documents.
Neutral
Seeking Alpha
3 weeks ago
Preferreds Weekly Review: The Risk Of Preferreds Dilution
We take a look at the action in preferreds and baby bonds through the second week of March and highlight some of the key themes we are watching. Preferred stocks saw a slight gain over the week, driven by stable spreads and a Treasury rally, though most sectors are still down for the month. Highland Opportunities and Income Fund's new preferred HFRO.PR.B has similar economics to HFRO.PR.A but lower asset coverage, raising concerns about future preferred issuances.
Neutral
Seeking Alpha
1 month ago
HFRO: A-Rated Preferred Shares With 8% Yield
Highland Opportunities and Income Fund's tender offer was a bit harsh on the common and the preferreds. Moody's downgraded HFRO's preferred shares due to high illiquid asset exposure and deteriorating fixed-charge coverage, with another downgrade likely imminent. We assess the merits of the common and preferred shares post the new issuance.
Negative
Seeking Alpha
1 month ago
HFRO: Oversubscribed Tender Offer, Still A Massive -55% Discount To NAV
HFRO's common shares trade at a massive -55% discount to NAV, reflecting market skepticism about the fund's illiquid holdings and management practices. HFRO launched a tender offer to exchange common shares for Series B preferred shares, which was oversubscribed 2x, indicating high demand for less volatile investments. Series B preferred shares offer a 5.375% coupon and lower volatility, but common shares remain pressured due to illiquid investments and potential recession risks.
Neutral
PRNewsWire
1 month ago
Highland Opportunities and Income Fund (HFRO) Provides Details on Results of Oversubscribed Tender and Exchange Offer
DALLAS , March 12, 2025 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE:HFRO) ("HFRO" or the "Fund") today announced the final results of its tender and exchange offer (the "Exchange Offer") to exchange common shares (the "Common Shares") for newly issued 5.375% Series B Preferred Shares (the "Preferred Shares"). Based on the final count by Equiniti Trust Company, LLC, the depositary for the Exchange Offer, a total of 21,673,105 shares of HFRO Common Shares were properly tendered and not properly withdrawn.
Neutral
PRNewsWire
1 month ago
Highland Opportunities and Income Fund (HFRO) Provides Details on Results of Oversubscribed Tender and Exchange Offer
DALLAS , March 5, 2025 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE:HFRO) ("HFRO" or the "Fund") today announced the details of its tender and exchange offer (the "Exchange Offer") to exchange common shares (the "Common Shares") for newly issued 5.375% Series B Preferred Shares (the "Preferred Shares"). Based on the final count by Equiniti Trust Company, LLC, the depositary for the Exchange Offer, a total of 21,673,105 shares of HFRO Common Shares were properly tendered and not properly withdrawn.
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