Highland Floating Rate Opportunities Fund declares dividend of USD0.0770 per share for April 2019.
M2 EQUITYBITES-April 2, 2019-Highland Floating Rate Opportunities Fund declares dividend of USD0.0770 per share for April 2019
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Highland Floating Rate Opportunities Fund (NYSE:HFRO) declared on Monday that it will pay a regular common stock dividend of USD0.0770 per share for April 2019.
Shareholders of record date at the close of business on 23 April 2019 will receive the dividend payment on 30 April 2019.
A closed-end fund, the fund invests primarily in floating rate loans and other securities deemed to be floating rate investments. It seeks to provide a high level of current income, consistent with the preservation of capital in a registered fund format. It declares and pays dividends of investment income monthly.
Also, the fund mentioned that it will change its name to Highland Income Fund as of 20 May 2019 and expand its investment s trategy by removing its policy of investing at least 80% of its net assets in floating-rate loans and other securities deemed to be floating-rate instruments, under normal market circumstances.
The fund is managed by Highland Capital Management Fund Advisors LP, an affiliated adviser of Highland Capital Management LP (the manager).
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|Publication:||M2 EquityBites (EQB)|
|Date:||Apr 2, 2019|
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