Guest Post: Highland Income Fund Has A High Discount, High Yield, Questionable Corporate Governance And Lots Of Drama
Summary
HFRO Pays a 8.5% Distribution Yield and Trades at a 22% Discount to NAV.
HFRO management is recommending a conversion from an income-based closed-end fund to a diversified holdings company.
Phil Goldstein, Mike Taggart, Tom Herzfeld and ISS (corporate governance advisor) have all come out opposing the HFRO conversion plan.
HFRO has offered several s…
