HFRO-A Highland Income Fund 5.375% Series A Cumulative Preferred Shares

Cumulative cash dividends and distributions at the rate of 5.375% per annum of the $25.00 per share liquidation preference on the Series A Preferred Shares. Dividends and distributions on Series A Preferred Shares will be payable quarterly on March 31, June 30, September 30 and December 31 in each year commencing on September 30, 2019. Commencing September 30, 2024, and thereafter, to the extent permitted by the 1940 Act and Massachusetts law, the Trust may at any time, upon notice of redemption, redeem the Series A Preferred Shares in whole or in part at the liquidation preference per share plus accumulated unpaid dividends through the date of redemption.  This security was issued by Highland Floating Rate Opportunities Fund CEF, whose common stock symbol is HFRO.

$22.58  +0.32 (1.44%)
As of 06/30/2022 15:56:07 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  
Index country:  USA
Country of incorporation:  
IPO date:  08/05/2019
Outstanding shares:  5,400,000
Average volume:  6,632
Market cap:   $117,396,000
Current dividend yield:  6.18%    calculation
Coupon rate:    5.375%
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   09/30/2024
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      

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