Highland Income Fund 5.375% Series A Cumulative Preferred Stock
By: Tim McPartland,
Date Issued 8/2/2019
Shares Issued 5,400,000 Overallotment Shares None
S&P Rating NR Moodys Rating A1
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Security Ticker Symbol HFRO-A OTC Temp Ticker HFROP
Market Traded ON NYSE
Dividend Payment Paid on the last day of March, June, September and December beginning on 9/30/2019
Quarterly Dividend .336 Annual Dividend 1.344
Securities may be redeemed, at the issuers option, as early as 09/30/2024 for a redemption price of $25/share plus accrued dividends
Dividend Payment Likely Will be a Qualified Distributions
Maturity Date None
Click here to find the offering prospectus
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Tim McPartland
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
