$HFRO

HIGHLAND OPPORTUNITIES & INCOME FUND: THIS FOURTH AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST made on this 27th day of January, 2026 by the Trustees hereunder, amending and restating

THIS FOURTH AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST made on this 27th day of January, 2026 by the Trustees hereunder, amending and restating — (75%) of each Class of Shares outstanding (with each such Class voting separately thereon,) when a Principal Shareholder (as defined in sub-section (b) of this Section 7) is determined by · indirectly, of more than five percent (5%) of the Outstanding Shares of the Trust or of any Class and shall include any “affiliate” or “associate”, as such terms are defined in Rule · information known to the Trust, whether (i) a Person beneficially owns more than five percent (5%) of the outstanding Shares or is otherwise a Principal Shareholder, (ii) a Person is an “affiliate” or “associate” (8-K: Executive / Board Change, Charter / Bylaw Change)

Seeking Alpha·Jun 28

HFRO: Discount To NAV Widens To 53% For A 7% Yield

Highland Opportunities and Income Fund trades at a 53% discount to NAV. Find out my recommendation on HFRO fund.

MarketWatch·Nov 1

There's a historic sale in mutual funds, thanks to stock-market turmoil

Closed-end funds have just plunged to their biggest discounts to intrinsic value in years.

Investing.com·May 24

Thanks, Fed: The Cheapest 11% Dividend Out There

Seeking Alpha·Jul 16

5 Best CEFs To Buy This Month (July 2022)

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns.

GlobeNewswire Inc.·Feb 2

Highland Income Fund Announces the Regular Monthly Distribution

DALLAS, Feb. 01, 2022 (GLOBE NEWSWIRE) -- Highland Income Fund (NYSE: HFRO) (“HFRO” or the “Fund”) today announced its regular monthly distribution on its common stock of $0.0770 per share. The distribution will be payable on February 28, 2022 to shareholders of record at the close of business February 18, 2022.

GlobeNewswire Inc.·Jan 4

Highland Income Fund Announces the Regular Monthly Distribution

DALLAS, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Highland Income Fund (NYSE: HFRO) (“HFRO” or the “Fund”) today announced its regular monthly distribution on its common stock of $0.0770 per share. The distribution will be payable on January 31, 2022 to shareholders of record at the close of business January 24, 2022.

HIGHLAND OPPORTUNITIES & INCOME FUND filed an 8-K: Regulation FD Disclosure

SEC 8-K — Regulation FD Disclosure