US EditionHighland Opportunities and Income Fund (HFRO) Provides Details on Results of Oversubscribed Tender and Exchange Offer
- The Highland Opportunities and Income Fund announced an exchange offer of Common Shares for 5.375% Series B Preferred Shares.
- A total of 21,673,105 shares were properly tendered, and the Fund plans to exchange 10,000,000 Common Shares for Preferred Shares.
- Due to oversubscription, the exchange will proceed on a pro rata basis at approximately 46.140199 percent.
- Common Shares not accepted for tender will be returned to their respective shareholders.
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