HFRO

HIGHLAND OPPORT & INCOME

A closed-end investment fund that pools money to buy a broad mix of assets — real estate securities, REITs, mezzanine debt, and floating-rate loans — aiming to generate both income and growth for its shareholders. Launched in 2000, it has changed names twice to match its shifting strategy, from the Highland Floating Rate Opportunities Fund to the Highland Income Fund and, in 2023, to the Highland Opportunities and Income Fund. It is managed by NexPoint Asset Management, the alternative-investment platform founded by James Dondero in 2012.

Common shares of beneficial interest