Highland Opportunities and Income Fund announces regular monthly distribution from Investing.com
The fund is a closed-end fund that seeks to provide capital growth along with income in a registered fund format. The fund achieves its investment objective by direct and indirect investments (e.g. through derivatives that are the economic equivalent of direct investments) in the following categories of securities and instruments: (i) investments in securities or other instruments directly or indirectly secured by real estate, including foundations for investment in real estate (“REIT”), preferred equity, convertible securities and mezzanine debt; (ii) other instruments, including but not limited to secured and unsecured fixed rate loans and corporate bonds, distressed securities, mezzanine securities, structured products (including but not limited to mortgage-backed securities, collateralized credit liabilities and asset-backed securities), convertible and preferred securities, shares (public and private), and maturities and options; and (iii) floating rate loans and other securities considered floating rate investments.
The fund issues and pays out shares monthly.
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ON Highland Opportunities and Income Fund
The Highland Opportunities and Income Fund (NYSE: HFRO) is a managed closed-end fund NexPoint Asset Management, LP For more information, visit nexpointassetmgmt.com/opportunities-income-fund.
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About NexPoint Asset Management, LP
NexPoint Asset Management, LP is SEC-registered investment advisor. He is an adviser to a range of registered funds, including open-end mutual funds, closed-end funds and exchange-traded funds. For more information, visit nexpointassetmgmt.com.
Investors should consider investment objectives, risks, fees and expenses Highland Opportunities and Income Fund carefully before investing. This and other information can be found in the Fund’s prospectus, which can be obtained by calling 1-800-357-9167 or at nexpointassetmgmt.com. Read the prospectus carefully before investing.
A distribution may include a return of capital. Please see 19(a)-1 Notice of Source of Distribution at NexPoint Asset Management website for Section 19 notices giving estimated amounts and sources of Fund distributions, which should not be relied upon for tax reporting purposes.
No guarantee can be given that the Fund will achieve its investment objectives.
Shares of closed-end investment companies often trade at a discount to net asset value. The price of the Fund’s shares is determined by numerous factors, some of which are beyond the Fund’s control. Therefore, the Fund cannot predict whether its shares will trade at, below or above net asset value. Past performance does not guarantee future results.
Closed fund risk. The fund is a closed-end investment company intended primarily for long-term investors, not as a means of trading. No assurance can be given that a stockholder will be able to sell his or her shares on the NYSE when he or she chooses to do so, nor can any assurance be given as to the price at which such sale may be effected.
Credit risk. The Fund may invest all or substantially all of its assets in Senior Loans or other securities rated below investment grade and unrated Senior Loans that NexPoint considers to be of comparable quality. Securities rated below investment grade are commonly referred to as “high yield” or “junk”. They are considered predominantly speculative in view of the ongoing ability of the issuing company to meet principal and interest payments. Failure to pay the anticipated interest and/or principal would result in a decrease in the Fund’s income, a decrease in the value of the defaulting senior loan and a potential decrease in the Fund’s NAV. Investments in high-yield senior loans and other securities may result in a greater fluctuation of NAV than if the Fund had not made such investments.
Industry risk: Issuers primarily engaged in the real estate industry, including real estate investment trusts, may be subject to risks similar to those associated with direct ownership of real estate, including: (i) changes in general economic and market conditions; (ii) changes in the value of real estate; (iii) risks associated with local economic conditions, overbuilding and increased competition; (iv) increases in property taxes and operating expenses; (v) changes in zoning laws; (vi) personal injury and condemnation losses; (vii) variations in rental income, neighborhood value or the property’s attractiveness to tenants; (viii) availability of financing and (ix) changes in interest rates and indebtedness.
Risk of investment illiquidity. The Fund’s investments may be illiquid, and therefore the Fund may not be able to sell such investments at prices that reflect the investment adviser’s estimate of their value or the amount the Fund originally paid for such investments.
The risk of constant monitoring. On behalf of several Lenders, the Agent will generally be required to administer and manage the Senior Loans and, with respect to collateralized Senior Loans, service or monitor the collateral. Financial difficulties of agents may represent a risk for the Fund.
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