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DALLAS, Feb. 1, 2022 (GLOBE NEWSWIRE) — Highland Income Fund (NYSE:Hydrofluoric acid) (“HFRO” or the “Fund”) today announced a regular monthly distribution of $0.0770 per share of its common stock. The distribution will be paid on February 28, 2022 to shareholders of record at the close of business on February 18, 2022.
The Fund is a closed-end fund managed by Highland Capital Management Fund Advisors, LP (the “Manager”). The Fund will achieve its investment objective by investing primarily in the following classes of securities and instruments: (i) floating rate loans and other securities deemed to be floating rate investments; (ii) securities or other securities directly or indirectly guaranteed by real estate investments in instruments (including real estate investment trusts (“REITs”), preferred stock, securities convertible into equity securities, and mezzanine debt); (iii) other instruments, including but not limited to secured and unsecured fixed-rate loans and corporate Bonds, distressed securities, mezzanine securities, structured products (including but not limited to mortgage-backed securities, mortgage obligations and asset-backed securities), convertible and preferred securities, stocks (public and private), and futures and options. The investment objective of the Fund is to provide a high level of current income consistent with capital preservation in the form of a registered fund. The Fund declares and pays investment income distribution on a monthly basis.
About Highland Income Fund
Highland Income Fund (NYSE:Hydrofluoric acid) is a closed-end fund managed by Highland Capital Management Fund Advisors, LP.For more information, please visit www.highlandfunds.com/income-fund/
About Highland Capital Management Fund Advisors, LP
Highland Capital Management Fund Advisors, LP is an SEC registered investment advisor. It is an advisor to a range of registered funds, including open-ended mutual funds, closed-end funds and exchange-traded funds.For more information, please visit www.highlandfunds.com.
Investors should carefully consider Highland Income Fund’s investment objectives, risks, fees and expenses before investing.This and other information can be found in the fund’s prospectus by calling 1-800-357-9167 or visiting www.highlandfunds.com. Please read the prospectus carefully before investing.
Effective shortly after the close of business on November 3, 2017, the Highland Floating Rate Fund switched from an open-end fund to a closed-end fund and began trading on the New York Stock Exchange on November 6, 2017 under the symbol HFRO. Performance data provided for the above period…
The full story is available on Benzinga.com
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