HFRO

NYSEMulti-Asset

Highland Opportunities & Income Fund

Sponsor: NexPoint · Inception Nov 6, 2017 · Pays monthly

Market priceShare price

$6.24

-0.64% ($-0.04)

NAVAsset value per share

—

as of —

Premium / discountPrice vs. assets

NAV unavailable

Close vs NAV, Oct 15, 2026

Distribution rate (price)Payout rate

7.40%

regular, annualised · on NAV —

Expense ratioAnnual cost

Not reported

no tagged fee table

LeverageBorrowing

Not reported

senior securities not tagged

Quote status: Market closed — last regular-session price · last trade Oct 15, 2026, 4:00 PM EDT (exchange time, ET) · retrieved Oct 15, 2026, 10:43 PM EDTRegular-session prices; extended-hours quotes are not displayed.

Links go to SEC EDGAR or the sponsor. Document dates are the filing's report date (or filing date); an older prospectus is shown with its date and is not a current comprehensive source. Links are checked weekly; failures are flagged.

Sponsor & official fund page

The sponsor's site carries daily NAV, fact sheets, distribution notices (Section 19(a)), tax information and reinvestment-plan terms.

Document	Date	Filed	Form	Source	Status
Sponsor websitelatest	—	—	—	Sponsor	link check failed (404)

Prospectus & registration statements

Form N-2 and supplements: investment policies, fee table, leverage terms, rights offerings, at-the-market programmes.

Document	Date	Filed	Form	Source	Status
Prospectus (Rule 424(b)(3)) — 424B3latest · filing index	Jul 24, 2024	Jul 24, 2024	424B3	SEC EDGAR	OK (Oct 4, 2026, 12:28 AM EDT)
Prospectus (Rule 424(b)(3)) — HIGHLAND INCOME FUND · filing index	Mar 10, 2023	Mar 10, 2023	424B3	SEC EDGAR	unchecked
Prospectus (Rule 424(b)(3)) — HIGHLAND INCOME FUND · filing index	Sep 26, 2022	Sep 26, 2022	424B3	SEC EDGAR	unchecked
Prospectus (Rule 424(b)(3)) — HIGHLAND INCOME FUND · filing index	May 2, 2022	May 2, 2022	424B3	SEC EDGAR	unchecked
Prospectus (Rule 424(b)(3)) — HIGHLAND INCOME FUND · filing index	Jan 13, 2022	Jan 13, 2022	424B3	SEC EDGAR	unchecked
Prospectus supplement (Rule 497) — HIGHLAND INCOME FUND · filing index	Nov 22, 2021	Nov 22, 2021	497	SEC EDGAR	unchecked
Prospectus supplement (Rule 497) — HIGHLAND INCOME FUND · filing index	Apr 19, 2021	Apr 19, 2021	497	SEC EDGAR	unchecked
Prospectus supplement (Rule 497) — HIGHLAND INCOME FUND · filing index	Jul 30, 2019	Jul 30, 2019	497	SEC EDGAR	unchecked

Annual reports (N-CSR)

Financial highlights, statements, notes on leverage and fees, distribution sources.

Document	Date	Filed	Form	Source	Status
Annual shareholder report (Form N-CSR) — N-CSRlatest · filing index	Dec 31, 2025	Mar 11, 2026	N-CSR	SEC EDGAR	OK (Oct 4, 2026, 12:28 AM EDT)
Annual shareholder report (Form N-CSR) — N-CSR · filing index	Dec 31, 2024	Mar 11, 2025	N-CSR	SEC EDGAR	unchecked
Annual shareholder report (Form N-CSR) — FORM N-CSR · filing index	Dec 31, 2023	Mar 8, 2024	N-CSR	SEC EDGAR	unchecked
Annual shareholder report (Form N-CSR) — FORM N-CSR · filing index	Mar 10, 2023	Mar 10, 2023	N-CSR	SEC EDGAR	unchecked
Annual shareholder report (Form N-CSR) — HIGHLAND INCOME FUND · filing index	Dec 31, 2021	Mar 11, 2022	N-CSR	SEC EDGAR	unchecked
Annual shareholder report (Form N-CSR) — FORM N-CSR · filing index	Dec 31, 2020	Mar 11, 2021	N-CSR	SEC EDGAR	unchecked

Semi-annual reports (N-CSRS)

Document	Date	Filed	Form	Source	Status
Semi-annual shareholder report (Form N-CSRS) — N-CSRSlatest · filing index	Jun 30, 2026	Sep 4, 2026	N-CSRS	SEC EDGAR	OK (Oct 4, 2026, 12:28 AM EDT)
Semi-annual shareholder report (Form N-CSRS) — N-CSRS · filing index	Jun 30, 2025	Sep 8, 2025	N-CSRS	SEC EDGAR	unchecked
Semi-annual shareholder report (Form N-CSRS) — N-CSRS · filing index	Jun 30, 2024	Sep 6, 2024	N-CSRS	SEC EDGAR	unchecked
Semi-annual shareholder report (Form N-CSRS) — N-CSRS · filing index	Jun 30, 2023	Sep 8, 2023	N-CSRS	SEC EDGAR	unchecked
Semi-annual shareholder report (Form N-CSRS) — FORM N-CSRS · filing index	Jun 30, 2022	Sep 8, 2022	N-CSRS	SEC EDGAR	unchecked
Semi-annual shareholder report (Form N-CSRS) — FORM N-CSRS · filing index	Jun 30, 2021	Sep 9, 2021	N-CSRS	SEC EDGAR	unchecked

Portfolio holdings (N-PORT)

Monthly portfolio filed quarterly with a ~60-day lag.

Document	Date	Filed	Form	Source	Status
Monthly portfolio holdings (Form N-PORT)latest · filing index	Jun 30, 2026	Aug 31, 2026	NPORT-P	SEC EDGAR	OK (Oct 4, 2026, 12:28 AM EDT)
Monthly portfolio holdings (Form N-PORT) · filing index	Mar 31, 2026	Jun 1, 2026	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Dec 31, 2025	Mar 2, 2026	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Sep 30, 2025	Dec 1, 2025	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Jun 30, 2025	Aug 29, 2025	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Mar 31, 2025	May 30, 2025	NPORT-P	SEC EDGAR	unchecked

Tender offers

Schedule TO filings: pricing formula, size, deadlines, proration.

Document	Date	Filed	Form	Source	Status
Issuer tender offer amendment (SC TO-I/A) — AMENDMENT TO FORM SC TO-Ilatest · filing index	Mar 13, 2025	Mar 13, 2025	SC TO-I/A	SEC EDGAR	OK (Oct 4, 2026, 12:28 AM EDT)
Issuer tender offer amendment (SC TO-I/A) — AMENDMENT TO FORM SC TO-I · filing index	Mar 6, 2025	Mar 6, 2025	SC TO-I/A	SEC EDGAR	unchecked
Issuer tender offer amendment (SC TO-I/A) — AMENDMENT TO FORM SC TO-I · filing index	Mar 5, 2025	Mar 5, 2025	SC TO-I/A	SEC EDGAR	unchecked
Issuer tender offer statement (SC TO-I) — ISSUER TENDER OFFER STATEMENT · filing index	Feb 3, 2025	Feb 3, 2025	SC TO-I	SEC EDGAR	unchecked
Tender offer communication (SC TO-C) — SC TO-C · filing index	Dec 11, 2024	Dec 11, 2024	SC TO-C	SEC EDGAR	unchecked
Tender offer communication (SC TO-C) — SC TO-C · filing index	Nov 25, 2024	Nov 25, 2024	SC TO-C	SEC EDGAR	unchecked
Tender offer communication (SC TO-C) — SC TO-C · filing index	Sep 24, 2021	Sep 24, 2021	SC TO-C	SEC EDGAR	unchecked
Tender offer communication (SC TO-C) — SC TO-C · filing index	Sep 3, 2021	Sep 3, 2021	SC TO-C	SEC EDGAR	unchecked
Tender offer communication (SC TO-C) — SC TO-C · filing index	Aug 20, 2021	Aug 20, 2021	SC TO-C	SEC EDGAR	unchecked
Tender offer communication (SC TO-C) — SC TO-C · filing index	Aug 18, 2021	Aug 18, 2021	SC TO-C	SEC EDGAR	unchecked
Tender offer communication (SC TO-C) — SC TO-C · filing index	Aug 17, 2021	Aug 17, 2021	SC TO-C	SEC EDGAR	unchecked
Tender offer communication (SC TO-C) — SC TO-C · filing index	Aug 16, 2021	Aug 16, 2021	SC TO-C	SEC EDGAR	unchecked

Proxy statements & reorganisations

Shareholder votes: directors, mergers, liquidations, conversions.

Document	Date	Filed	Form	Source	Status
Proxy statement (DEF 14A) — HIGHLAND OPPORTUNITIES AND INCOME FUNDlatest · filing index	Jun 16, 2026	May 7, 2026	DEF 14A	SEC EDGAR	OK (Oct 4, 2026, 12:28 AM EDT)
Proxy statement (DEF 14A) — HIGHLAND OPPORTUNITIES AND INCOME FUND · filing index	Jun 16, 2025	May 7, 2025	DEF 14A	SEC EDGAR	unchecked
Proxy statement (DEF 14A) — HIGHLAND OPPORTUNITIES AND INCOME FUND · filing index	Jun 26, 2024	May 17, 2024	DEF 14A	SEC EDGAR	unchecked
Proxy statement (DEF 14A) — HIGHLAND INCOME FUND · filing index	Jun 16, 2023	May 2, 2023	DEF 14A	SEC EDGAR	unchecked
Proxy statement (DEF 14A) — HIGHLAND INCOME FUND · filing index	Jun 14, 2022	Mar 28, 2022	DEF 14A	SEC EDGAR	unchecked
Additional proxy materials (DEFA14A) — HIGHLAND INCOME FUND · filing index	Oct 13, 2021	Oct 13, 2021	DEFA14A	SEC EDGAR	unchecked
Additional proxy materials (DEFA14A) — HIGHLAND INCOME FUND · filing index	Oct 13, 2021	Oct 13, 2021	DEFA14A	SEC EDGAR	unchecked
Additional proxy materials (DEFA14A) — HIGHLAND INCOME FUND · filing index	Sep 30, 2021	Sep 30, 2021	DEFA14A	SEC EDGAR	unchecked

Current reports (8-K)

Document	Date	Filed	Form	Source	Status
Current report (8-K)latest · filing index	Jan 16, 2026	Jan 28, 2026	8-K	SEC EDGAR	OK (Oct 4, 2026, 12:28 AM EDT)
Current report (8-K) · filing index	Dec 21, 2021	Dec 30, 2021	8-K	SEC EDGAR	unchecked
Current report (8-K) — FORM 8-K · filing index	Jun 12, 2018	Jun 14, 2018	8-K	SEC EDGAR	unchecked
Current report (8-K) — FORM 8-K · filing index	Feb 2, 2018	Feb 2, 2018	8-K	SEC EDGAR	unchecked

Annual census (N-CEN)

Document	Date	Filed	Form	Source	Status
Annual census report (Form N-CEN)latest · filing index	Dec 31, 2025	Mar 16, 2026	N-CEN	SEC EDGAR	OK (Oct 4, 2026, 12:28 AM EDT)
Annual census report (Form N-CEN) · filing index	Dec 31, 2024	Mar 14, 2025	N-CEN	SEC EDGAR	unchecked
Annual census report (Form N-CEN) · filing index	Dec 31, 2023	Mar 15, 2024	N-CEN	SEC EDGAR	unchecked

Other

Document	Date	Filed	Form	Source	Status
Exemptive application (40-APP) — FORM 40-APP · filing index	Jul 23, 2026	Jul 23, 2026	40-APP	SEC EDGAR	unchecked
Proxy voting record (N-PX)latest · filing index	Jun 30, 2026	Aug 17, 2026	N-PX	SEC EDGAR	OK (Oct 4, 2026, 12:28 AM EDT)
Proxy voting record (N-PX) · filing index	Jun 30, 2025	Aug 19, 2025	N-PX	SEC EDGAR	unchecked
Proxy voting record (N-PX) · filing index	Jun 30, 2024	Aug 21, 2024	N-PX	SEC EDGAR	unchecked
All SEC filings for this fund (EDGAR)latest	—	—	—	SEC EDGAR	OK (Oct 4, 2026, 12:28 AM EDT)

Not on file for this fund: fact sheets, distribution notices, tax information, reinvestment plan. These are published on the sponsor's site rather than EDGAR; use the sponsor link above.

CEF Explorer research page for Highland Opportunities & Income Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.