Dallas, October 1st / PRNewswire / -- Highland Opportunities and Income Fund (New York Stock Exchange ticker: HFRO) (hereinafter referred to as “HFRO” or “Fund”) announced today that it will distribute a regular monthly dividend of $0.0385 per share. The dividend will be paid on October 30, 2026, to shareholders registered as of the close of trading on October 23, 2026.

This fund is a closed-end fund designed to provide capital appreciation and returns in the form of a registered fund. The fund achieves its investment objectives through direct and indirect investments (for example, through derivatives that are economically equivalent to direct investments), and its investment scope includes securities and instruments in the following categories:

• Securities or other instruments directly or indirectly secured by real estate, including real estate investment trusts ( REITs ), preferred equity, securities convertible into equity, and mezzanine debt;
• Other instruments include, but are not limited to, secured and unsecured fixed-rate loans, corporate bonds, distressed securities, mezzanine securities, structured products (including, but not limited to, mortgage-backed securities, guaranteed loan certificates, and asset-backed securities), convertible securities and preferred securities, stocks (public and private), as well as futures and options;
• Floating-rate loans and other securities that are considered floating-rate investments.

The fund announces and distributes payments on a monthly basis.

Regarding Highland Opportunities, and, and Income Fund

Highland Opportunities and Income Fund (New York Stock Exchange ticker: HFRO) is a closed-end fund managed by NexPoint Asset Management and L.P. For more information, please visit nexpointassetmgmt.com / opportunities-income-fund.

Regarding NexPoint Asset Management, L.P.

NexPoint Asset Management, L.P is an investment advisory firm registered with the U.S. Securities and Exchange Commission on the NexPoint investment platform. It provides advisory services for a range of registered open-end and closed-end funds. For more information, please visit nexpointassetmgmt.com.

Before investing in this fund, you should carefully consider the fund’s investment objectives, risks, fees, and expenses. If you require a prospectus or a summary prospectus, the most recent annual report (from Form N to CSR), semi-annual reports, or any other documents containing relevant information, please visit our website www.nexpointassetmgmt.com, the U.S. Securities and Exchange Commission website www.sec.gov, or call 1-800-357-9167. Please read these materials carefully before making an investment.

The distribution may include capital returns. For notifications regarding the source of distribution under 19(a)-1, please refer to the relevant 19 notices on the NexPoint Asset Management website, which provide estimated amounts and sources of fund distributions; however, reliance on these notices should not be used for tax declarations.

There is no guarantee that the fund will be able to achieve its investment objectives.

The shares of closed-end funds are typically traded at a discount below their net asset value. The price of fund shares is determined by a variety of factors, several of which are beyond the control of the fund. As a result, the fund cannot predict whether its shares will be traded at a price higher, lower, or equal to their net asset value. Past performance does not guarantee future results.

Closed-end fund risks.This fund is a closed-end investment vehicle designed primarily for long-term investors, rather than as a trading instrument. It cannot be guaranteed that shareholders will be able to sell their shares on the New York Stock Exchange when they wish to do so, nor can the transaction price of any such sale be guaranteed.

Credit risk.The fund may invest all or most of its assets in preferred loans or other securities that are rated below investment grade, as well as unrated preferred loans that are considered to be of comparable quality by NexPoint. Securities rated below investment grade are commonly referred to as “high-yield securities” or “junk bonds.” In terms of the issuing company’s ability to continuously repay principal and interest, such securities are primarily regarded as speculative assets. Failure to pay interest and/or principal on time will lead to a decrease in the fund’s income, a decline in the value of unpaid preferred loans, and may result in a reduction in the fund’s net asset value. Investing in high-yield preferred loans and other such securities may result in greater fluctuations in the net asset value than not making such investments.

Risks in the real estate industry:Issuers primarily engaged in the real estate industry, including real estate investment trusts, may face risks related to direct ownership of real estate, such as: (i) changes in general economic and market conditions; ( ii ) changes in real estate values; ( iii ) risks associated with local economic conditions, overdevelopment, and increased competition; ( iv ) increases in property taxes and operating expenses; (v) changes in zoning regulations; ( vi ) accidents and expropriation losses; ( vii ) changes in rental income, community value, or the property's attractiveness to tenants; ( viii ) availability of financing; and ( ix ) changes in interest rates and leverage.

Risk of insufficient investment liquidity.Investments made by the fund may lack liquidity; therefore, the fund may not be able to sell these investments at a price that reflects the investment advisor's assessment of their value or the initial amount paid for the fund.

Continuous monitoring of risks.Agencies that represent multiple lenders typically need to manage and supervise preferred loans, as well as provide collateral services or monitoring for secured preferred loans. Financial difficulties of these agencies can pose risks to the fund.

Contact Information

Investor Relations: Kristen Griffith

Email: [ email protected ]

Media Relations: [ email protected ]