HFRO News and Press, Highland Floating Rate Opportunities Fund From 08/10/21

The Coalition of Concerned Stockholders of Highland Income Fund (NYSE: HFRO) today issued the following letter urging all stockholders to vote against the proposed conversion to a holding company. Dear Fellow Stockholder of Highland Income Fund (HFRO): After the close of bus...

Senior loan funds are showing some opportunities at some wide discounts. These funds should benefit from increasing interest rates, but that could be years before playing out. Be aware of certain other risks in these investments, as well as the other benefits they can provide. ...

The CEF market remains expensive and getting more expensive almost daily. Muni CEFs have joined taxables with an avg premium valuation. So today we are in a place that most CEF investors have never experienced - a very tight valuation. We go through the difference between relative...

DALLAS, July 09, 2021 (GLOBE NEWSWIRE) -- The Highland Income Fund (NYSE: HFRO) (“HFRO” or the “Fund”), a closed-end fund managed by Highland Capital Management Fund Advisors, L.P. (the “Adviser”), today announced the filing of a definitive proxy st...

HFRO is proposing to convert from a closed-end fund structure to a diversified holding company. HFRO's opaque and illiquid portfolio has significantly underperformed since inception. I recommend shareholders vote "no" unless more significant concessions are made. For further...

4 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. ACP's rights offering was fully subscribed, causing a -3% NAV hit. BST's rights offering is ongoing, what to do for investors. FSLF will liquidate in another Saba victory, a slim arbit...

When I get a question on a CEF or am looking at a new CEF, these are the first 5 things I will check. The five places I want to look first are; 1. Investment Policy, 2. Quick Review of Holdings, 3. Discount/Premium, 4. Performance, 5. Distributions. Once these items are checked, I...

DALLAS, June 28, 2021 (GLOBE NEWSWIRE) -- The Highland Income Fund (NYSE:HFRO) (“HFRO”), a closed-end investment company managed by Highland Capital Management Fund Advisors, L.P. (the “Adviser”), announced an update in the case against Credit Suisse, AG, Cayman ...

We review CEF market valuation and performance over the past week and highlight recent events. We highlight news and market action across a number of CEFs such as HFRO, FSLF, IGI, and a pair of Invesco loan funds. Valuation and distribution challenges remain two key risks for CEF ...

On June 14, the Board of Directors approved Highland Income Fund's (HFRO) conversion from an income-based closed-end fund (CEF) to a diversified holding company with no guaranteed dividend yield. With their core reason for owning HFRO upended, angry income-oriented shareholders are ru...