HFRO Research | Milton Maxwell

HFRO

Highland Funds I - Highland Opportunities and Income Fund

6.12

+0.06+0.99%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

338.75M

P/E (TTM)

Basic EPS (TTM)

-0.68

Dividend Yield

Recent Filings

8-K

Governance docs amended

12/30/21Dec 30, 2021

Highland Income Fund's Board amended its Declaration of Trust and restated bylaws effective December 21, 2021. These governance updates, filed under Regulation FD, modernize oversight without disclosed financial impact. Details in Exhibits 3.1 and 3.2. Routine tweak.

8-K

REIT sub formed, managers added

6/14/18Jun 14, 2018

Highland Floating Rate Opportunities Fund formed REIT subsidiary NFRO REIT Sub on April 1, 2018, entering Q2 real estate investments expected to grow material over time, targeting up to 20% of assets. Effective June 12, James D. Dondero and Trey Parker joined as co-portfolio managers with Mark Okada and Jon Poglitsch. REIT failure risks corporate taxes, hitting Fund performance.

8-K

Secures $500M revolver

2/2/18Feb 2, 2018

Highland Floating Rate Opportunities Fund's subsidiary, HFRO Sub, LLC, secured a $500 million revolving credit facility from Bank of America Merrill Lynch and Bank of America, N.A. on February 2, 2018. The non-recourse deal imposes standard covenants, reporting, and default provisions on the subsidiary's assets. Liquidity boosted. Lenders' recourse stays limited.

About

Highland Funds I - Highland Opportunities and Income Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. It is managed by Highland Capital Management Fund Advisors, L.P. The fund invests in fixed income markets of countries across the globe. It primarily invests in floating rate loans and other securities deemed to be floating rate investments, with an emphasis on adjustable rate senior loans to corporations and partnerships. The fund seeks to invest in below investment grade securities. It also invests through derivatives. The fund benchmarks the performance of its portfolio against the Credit Suisse Leveraged Loan Index. It was formerly known as Highland Funds I - Highland Income Fund. Highland Funds I - Highland Opportunities and Income Fund was formed on January 13, 2000 and is domiciled in the United States.

CEO

Mr. Brian Dale Mitts CPA

IPO

11/6/2017

Website

https://www.highlandfunds.com/Funds---Performance/Mutual-Funds/Alternative-Investment/Floating-Rate-Opportunities

Sector

Financial Services

Industry

Asset Management