HFRO: The Series B Preferred Shares Look Attractive
Highland Opportunities and Income Fund (HFRO) offers Series B Preferred Shares (HFRO.PR.B) yielding 8.25%, trading at a significant 46% discount to net asset value while showing signs of NAV stabilization. The preferred shares present an attractive income opportunity within the closed-end fund space. Market conditions and valuation metrics contribute to the relative appeal of this security despite broader sector challenges.
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