Highland Opportunities and Income Fund (HFRO)

Highland Opportunities and Income Fund is a closed-end fund (Taxable Credit) sponsored by NexPoint. As of the 2026-11-09 close it traded at $5.98 against a net asset value of $10.80, a discount of -44.63%. Its one-year average was -43.94% and its one-year discount z-score is -0.17.

Distribution rate: +7.83% on price, +4.33% on NAV. Net investment income covers 178% of the distribution. Return of capital was 83% of distributions in the latest fiscal year.

Activist campaigns: Saba Capital Management, L.P. owns 10.5% (Schedule 13D, latest filing 2026-06-04).

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