Highland Opportunities and Income Fund (N:HFRO)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 300 Crescent Court, Suite 700 DALLAS TX 75201 |
| Tel: | N/A |
| Website: | https://www.highlandfunds.com/income-fund |
| IR: | See website |
| Key People | ||
| Frank Waterhouse Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer, Treasurer | Dustin David Norris Executive Vice President | Stephanie Vitiello Chief Compliance Officer, Secretary, Anti-Money Laundering Officer | Will Mabry Assistant Treasurer |
| Business Overview |
| Highland Opportunities and Income Fund (the Fund) is a closed-end fund. The Fund seeks to provide growth of capital along with income. The Fund is focused on growth of capital and income. The Fund invests in real estate securities, secured and unsecured fixed-rate loans and corporate bonds, mezzanine securities, structured products, convertible and preferred securities, equities (public and private), futures and options, and floating rate investments. The Fund invests at least 25% of assets invested in securities or other instruments directly or indirectly secured by real estate. The Fund is managed by NexPoint Asset Management, L.P. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Highland Opportunities and Income Fund revenues decreased 47% to $55.8M. Net loss totaled $14.1M vs. income of $30.9M. Revenues reflect Dividends from unaffiliated issuers decrease of 87% to $9.2M, Interest from affiliated issuers decrease of 15% to $8.7M, Interest paid in kind from affiliated decrease of 46% to $1.6M. |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $610.35M as of Dec 31, 2023 |
| Annual revenue (TTM): | $55.78M as of Dec 31, 2023 |
| EBITDA (TTM): | $34.59M as of Dec 31, 2023 |
| Net annual income (TTM): | -$14.09M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$16.22M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $20.04M as of Dec 31, 2023 |
| Shares outstanding: | 68,300,886 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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