Income-Covered Closed-End Fund Report, October 2026

Our Income-Covered screen looks for closed-end funds whose net investment income fully covers the distribution (coverage above 100%) while trading at a discount to NAV, using data as of the close of October 6, 2026. Twenty funds pass this month. Templeton Emerging Markets Income leads the combined yield, discount and z-score ranking, while HFRO has the widest discount at -42.44%. Our model portfolio holdings PFO, HFRO, PCN, PDO, RSF and BANX all make this month's lists, with PFO appearing on all five.

Seeking Alpha • 4 hours ago

Highland Opportunities and Income Fund Announces the Regular Monthly Distribution

DALLAS, Oct. 1, 2026 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced its regular monthly distribution on its common stock of $0.0385 per share. The distribution will be payable on October 30, 2026, to shareholders of record at the close of business October 23, 2026.

PRNewsWire • Oct 1, 2026

Triple-Factor Closed-End Fund Report, September 2026: HFRO's Discount Keeps Widening

Our Triple-Factor screen identifies closed-end funds combining a yield above 6.5%, distribution coverage above 90%, and a discount to NAV, screening over 400 CEFs as of the close of September 15, 2026. Portfolio holdings Highland Opportunities and Income (HFRO), BNY Mellon High Yield Strategies (DHF), PIMCO Dynamic Income Opportunities (PDO), and Blackstone Strategic Credit 2027 (BGB) all rank among this month's top lists. As a reminder, these top lists are meant to be preliminary shortlists for further research, and are not meant to be the final analysis for a buy or sell decision.

Seeking Alpha • Sep 25, 2026

Income-Covered Closed-End Fund Report, September 2026

Quantitative screens highlight fully-covered CEFs trading at wide discounts, negative z-scores, and high yields, offering both value and income potential. Metrics like premium/discount, coverage, leverage, and z-score are used to shortlist funds for further due diligence, not as final buy/sell recommendations. Funds such as EFT, PFO, and VBF rank highly across every discount, yield, and coverage screen this month, warranting closer investor attention.

Seeking Alpha • Sep 21, 2026

Highland Opportunities and Income Fund Announces Investor Update Call

DALLAS, Sept. 2, 2026 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") announced today that the Fund is scheduled to host a conference call on Thursday, September 25, 2026, at 3:00 p.m.

PRNewsWire • Sep 2, 2026

A Simple Strategy To Get 6.5% Dividends From Surging Bond Yields

Let's talk about this latest pop in Treasury yields and what it really means for those of us looking to save for (and generate reliable income in!) retirement.

Forbes • Aug 29, 2026

HFRO: Reassessing 8% Yield On Preferreds After Monetization Of Large Asset

Highland Income Fund faces activist pressure from Saba Capital, which has surpassed a 10% ownership stake. Saba Capital is pushing for larger buybacks to address HFRO's persistent discount to NAV. Recent developments include HFRO's first major monetization event, and the NAV discount has improved.

Seeking Alpha • Jul 13, 2026

What Drove This Closed-End Fund ETF's Performance In June?

The exchange-traded fund (ETF) vehicle continues to offer an array of options to provide access points into niche corners of the capital markets. One such area is the closed-end fund (CEF) universe.

ETF Trends • Jul 6, 2026

Buying Real Estate At Half Price

Sky-high borrowing costs slow down real estate profits. This won't last forever; we should buy while prices are low. We look at two investment opportunities trading at steep discounts to NAV.

Seeking Alpha • Jun 20, 2026

HFRO: Assessing The New $100 Million Share Buyback Program

Highland Opportunities and Income Fund launches a new $100 million, two-year share repurchase program, with $20 million to be deployed immediately. Saba Capital's activist accumulation and the buyback program create a tactical floor for HFRO's share price, narrowing the discount to NAV. HFRO's real estate-heavy, illiquid asset base poses execution and liquidity risks as buybacks shrink the portfolio and concentrate holdings.

Seeking Alpha • Jun 14, 2026