Highland Income Fund: A New 5.375% 'A1' Rating Preferred Stock Has Begun Trading On The NYSE [Seeking Alpha]
Highland Income Fund (HFRO)
US:NYSE Investor Relations:
highlandfunds.com/floating-rate-opportunities-fund
Company Research
Source: Seeking Alpha
Highland Income Fund: A New 5.375% 'A1' Rating Preferred Stock Has Begun Trading On The NYSE Summary The key metrics of the new preferred stock, HFRO-A. A brief look at the company. In the context of the sector comparison, it is the preferred stock with the highest YTW. The new IPO is well above the investment grade preferred stocks' yield curve. Introduction Our goal is to present to you our IPO analysis for every new fixed-income security that enters the market and to find out if there is any trading potential. In this article, we want to shed light on the newest preferred stock issued by Highland Income Fund The New Issue Before we submerge into our brief analysis, here is a link to the 497 Filing by Highland Income Fund Source: SEC.gov For a total of 5.4M shares issued, the total gross proceeds to the company are $135M. You can find some relevant information about the new preferred stock in the table below: Author's spreadsheet Highland Income Fund, 5.375% Series A Cumulative Pref
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News
- Highland Opportunities and Income Fund Announces the Regular Monthly DistributionPR Newswire
- Highland Opportunities and Income Fund (HFRO) Announces Tender Offer for Common Shares in Exchange for up to $100 Million in Preferred SharesPR Newswire
- Highland Opportunities and Income Fund Announces Investor Update CallPR Newswire
- Highland Opportunities and Income Fund Announces the Regular Monthly DistributionPR Newswire
- Highland Opportunities and Income Fund Announces the Regular Monthly DistributionPR Newswire