|Bid||11.00 x 900|
|Ask||11.43 x 800|
|Day's Range||11.15 - 11.25|
|52 Week Range||10.15 - 12.26|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.92 (7.78%)|
|1y Target Est||N/A|
Highland Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced its regular monthly distribution on its common stock of $0.0770 per share. The distribution will be payable on July 29, 2022 to shareholders of record at the close of business July 22, 2022.
The Highland Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today provided an update on its investment in Metro Goldwyn Mayer, Inc. ("MGM"). On March 17, 2022, Amazon.com Inc. ("Amazon") announced it had closed its previously announced acquisition of MGM. As a result of the deal closing, HFRO received $73,284,758 in cash, reflecting the Fund's direct ownership of MGM shares. The Fund also has indirect investments in MGM through which it is expected to receive approximately $45 million. In total
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Highland Income FundGlobal Credit Research - 13 Jan 2022New York, January 13, 2022 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Highland Income Fund and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 6 January 2022 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.