Tender Offer - HIGHLAND OPPORTUNITIES & INCOME FUND
Form Type: SC TO-I/A
Filing Date: 2025-03-13
Corporate Action: Tender-offer
Type: Update
Accession Number: 000183988225015461
Filing Summary: This document serves as Amendment No. 3 to the Tender Offer Statement on Schedule TO, which pertains to Highland Opportunities and Income Fund's offer to exchange common shares for its 5.375% Series B Cumulative Preferred Shares. The exchange offer, which had an aggregate purchase price of up to $100,000,000, expired on March 4, 2025. A total of 21,673,105 common shares were validly tendered, with 10,000,000 shares accepted for repurchase, resulting in a proration factor of 46.14096%. The repurchase price was set at $10 per common share. This amendment is also used to report the final results of the exchange offer and includes a press release regarding these results attached as an exhibit. The filing is made to update the previous filings and incorporate the final outcomes of the exchange offer, alongside the relevant press releases issued on March 12, 2025, and earlier dates.
Additional details:
Common Shares Tendered: 21673105
Common Shares Accepted: 10000000
Proration Factor: 46.14096
Purchase Price Per Share: 10
Form Type: SC TO-I/A
Filing Date: 2025-03-06
Corporate Action: Tender-offer
Type: Update
Accession Number: 000183988225014234
Filing Summary: This document is an Amendment No. 2 to the Tender Offer Statement on Schedule TO filed by Highland Opportunities and Income Fund ('HFRO') with the SEC. The document relates to an issuer tender offer to exchange up to $100,000,000 in aggregate purchase price of the issuer's currently outstanding common shares for shares of its 5.375% Series B Cumulative Preferred Shares. The exchange offer expired on March 4, 2025, and this amendment includes preliminary results and a press release with further details. The offer was initiated on February 3, 2025, and this amendment aims to report results and update related communications. The document remains unchanged except for specific items amended or supplemented herein.
Additional details:
Common Shares: common shares of beneficial interest, par value $0.001
Cusip Number: 43010E404
Liquidation Preference: $25.00 per share
Exchange Offer Expiry: 2025-03-04T17:00:00-05:00
Preliminary Results Press Release Date: 2025-03-05
Form Type: SC TO-I/A
Filing Date: 2025-03-05
Corporate Action: Tender-offer
Type: Update
Accession Number: 000183988225014012
Filing Summary: This amendment to the Tender Offer Statement on Schedule TO (Amendment No. 1) is filed by Highland Opportunities and Income Fund to update details regarding its tender offer to exchange up to $100,000,000 for shares of its common stock in exchange for its 5.375% Series B Cumulative Preferred Shares. The original schedule, filed on February 3, 2025, outlined the issuer's intentions and terms of the exchange. This amendment includes preliminary results of the Exchange Offer which expired on March 4, 2025, and incorporates a press release regarding these results, as well as the reference to documents attached as exhibits that detail the terms of the offer and procedures for participating. The document affirms that except for changes noted, all previously submitted information remains effective and unchanged. The issuer’s CUSIP number for the securities involved is 43010E404.
Additional details:
Title Of Class Of Securities: Common shares of beneficial interest, par value $0.001
Cusip Number Of Securities: 43010E404
Issuer Name: Highland Opportunities and Income Fund
Issuer Address: 300 Crescent Court, Suite 700, Dallas, Texas 75201
Authorized Person Contact: Frank Waterhouse, Telephone: (866) 351-4440
Copy To Contact: Jon-Luc Dupuy, K&L Gates, LLP, Telephone: (617) 261-3146
Exchange Offer Expiration Time: 5:00 p.m. New York City time on March 4, 2025
Total Exchange Offer Amount: $100,000,000
Preferred Shares: 5.375% Series B Cumulative Preferred Shares, par value $0.001, liquidation preference $25.00 per share
Form Type: SC TO-I
Filing Date: 2025-02-03
Corporate Action: Tender-offer
Type: New
Accession Number: 000183988225006188
Filing Summary: Highland Opportunities and Income Fund has filed a Tender Offer Statement regarding an issuer tender offer to exchange up to $100,000,000 worth of its common shares of beneficial interest for its 5.375% Series B Cumulative Preferred Shares. This offer includes the terms and conditions outlined in the Offer to Exchange and related Letter of Transmittal. The filing aims to satisfy requirements under Rule 13e-4(c)(2) of the Securities Exchange Act of 1934, as amended. Various related documents, including letters to brokers and clients as well as a press release, are attached as exhibits to this statement. The filing was made on February 3, 2025.
Additional details:
Issuer Name: Highland Opportunities and Income Fund
Exchange Offer Amount: $100,000,000
Common Share Par Value: $0.001
Preferred Share Rate: 5.375%
Preferred Share Liquidation Preference: $25.00
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