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Author's note: This article was originally released to CEF/ETF Income Laboratory members on December 4, 2019.
In our latest "The Chemist's 'High-High-Low' Closed-End Fund Report: November 2019", Highland Income Fund (HFRO) was the top-ranked D x Y x Z fund. This fund was also chosen as one of our 3 monthly "CEF picks" for short/medium-term mean reversion in our Monthly Closed-End Fund Report for the second month running, on the basis of its attractive discount and z-score. The depressed valuation of this fund could possibly be due to the announcement