Highland Income Fund (N:HFRO)

Sector:  Financials Industry:  Closed End Funds
See Regulatory Filings on SEC
Company Contact
Address: 155 Federal Street, Suite 700
BOSTON MA 02110-1727
Tel: N/A
Website: https://www.highlandfunds.com/income-fund
IR: See website
Key People
Business Overview
Highland Income Fund (Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of current income. The Fund's investment consists of senior loans, foreign denominated or domiciled senior loans, collateralized loan obligations, corporate bonds and notes, United States asset-backed securities, non- United States asset-backed securities, claims, common stocks, registered investment companies, cash equivalents, rights, warrants, preferred stock, agency collateralized mortgage obligations, LLC interests, purchased call options, and registered investment companies. The Fund invests in sectors, including real estate, financial, information technology, healthcare and communication services. The Fuds investment adviser is Highland Capital Management Fund Advisors, L.P.
Financial Overview
For the six months ended 30 June 2020, HighlandIncome Fund revenues decreased 14% to $42.6M. Net losstotaled $46.6M vs. income of $43.7M. Revenues reflectInterest from unaffiliated issuers decrease of 73% to$10.4M, Dividends from affiliated issuers decrease of 71%to $199K, Interest paid in kind from unaffiliated decreaseof 17% to $821K.
Reporting Currency: U.S. Dollars
Enterprise value: $973.72M as of Jun 30, 2020
Annual revenue (TTM): $88.41M as of Jun 30, 2020
EBITDA (TTM): $46.20M as of Jun 30, 2020
Net annual income (TTM): -$53.04M as of Jun 30, 2020
Free cash flow (TTM): $43.26M as of Jun 30, 2020
Net Debt Last Fiscal Year: $176.15M as of Jun 30, 2020
Shares outstanding: 71,409,281 as of Jun 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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