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Slideshow Preferred Stocks By Industry: Closed End Funds

By Preferred Stock Channel Staff, updated Thursday, May 9, 11:44 PM

#3. Highland Opportunities and Income Fund | 5.375% Series A Cumulative Preferred Shares (NYSE:HFRO.PRA)

Discount to Liquidation Preference: -23.00%Average Discount in Category: -12.65%
Current Annualized Yield: 6.98%Average Yield in Category: 5.85%
Days Since Last Ex-Div Date: 48 | See Dividend History »Categorization: ETFs & CEFs

Series:A
Alternate symbology:HFRO-A, HFRO-PA, HFROprA
Redeemable?:Yes
Call Date:9/30/2024
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:5,400,000
Overallotment:810,000
Liquidation Preference:$25.00
Recent Market Price:$19.26
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-5.74 (-22.96%)
Annualized Dividend:1.343752
Recent Ex-Date:3/21/2024
Current Yield:6.98%
Original Coupon:5.375%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
CDx3 Compliance Rating: Learn HFRO.PRA's Rating
Highland Opportunities and Income is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide current income consistent with preservation of capital by investing in floating rate loans and other securities deemed to be floating rate investments; securities or other instruments secured by real estate including real estate investment trusts, preferred equity, securities convertible into equity securities and mezzanine debt; and other instruments, including secured and unsecured fixed-rate loans and corporate bonds, distressed securities, mezzanine securities, structured products, convertible and preferred securities, equities, and futures and options.

Preferred: HFRO.PRA


Open the HFRO Information Page »
Name:  Highland Opportunities and Income Fund
Website:  www.highlandfunds.com
Sector:  Investment Companies & Venture Capital
Number of ETFs Holding HFRO:  2 (see which ones)
Total Market Value Held by ETFs:  $11,493,656

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