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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
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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 »
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