Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Highland Income Fund and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Fund board approves up to $25 million of share repurchases over six-month period DALLAS , Oct. 25, 2019 /PRNewswire/ -- Highland Capital Management Fund Advisors, L.P. ("HCMFA") announced today ...
Highland Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced its regular monthly dividend on its common stock of $0.0770 per share. The dividend will be payable on May 29, 2020 to shareholders of record at the close of business May 22, 2020 (the "Record Date").
Highland Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today declared an initial pro-rated dividend for its 5.375% Series A Cumulative Preferred Shares (NYSE:HFRO/PA) of $0.3359375 per share. The dividend will be payable on March 31, 2020 to Series A Preferred shareholders of record at the close of business March 24, 2020. Dividends on Series A Preferred Shares will be payable quarterly on March 31, June 30, September 30 and December 31 at the rate of 5.375% per annum to holders of record at the close of business on the fifth preceding business day.
DALLAS, July 29, 2019 /PRNewswire/ -- The Highland Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") announced today the pricing of an offering of 5.4 million 5.375% Series A Cumulative Preferred shares (NYSE: HFRO.PR.A) with an aggregate liquidation value of $135 million. Additionally, Highland Capital Management Fund Advisors, L.P., the Fund's adviser, granted the underwriters a 30-day option to purchase up to an additional $20.25 million to cover any overallotments. The Fund expects to use the net proceeds from the offering to purchase portfolio securities in accordance with its investment objectives and policies.
Moody's Investors Service, ("Moody's") has assigned an A1 rating to the fixed rate perpetual preferred shares issued by Highland Income Fund (ticker: HFRO). The closed-end fund primarily invests in short duration floating rate securities designed to provide investors with a high level of income that is consistent with the preservation of capital. At 30 June, the fund's leverage stood at 30%, a level we expect it will at least maintain following the issuance of the preferred shares.
Highland Capital Management Fund Advisors, L.P. ("HCMFA") announced today that the Board of Trustees (the "Board") of the Highland Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") approved a repurchase program pursuant to which the Fund may repurchase up to 10% of its stock in open-market transactions over a one-year period.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Highland Income Fund and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.