Highland Capital Management is an asset management firm based in Dallas, Texas. It specializes in managing credit backed securities for institutional investors. The firm recently announced the monthly dividend for its common stock. This is coming from its Floating Rate Opportunities Fund. The current dividend is $0.0770 per share. On January 31, 2019, this dividend will be paid to all current shareholders by January 24th. Read more about James Dondero at Wikipedia.com.
This fund is a closed end fund which is currently managed by the Highland Capital Management Fund Advisors. This entity is an affiliated advisor of the firm itself. With the Floating Rate Opportunities Fund, the firm is able to invest in a number of floating rate loans and other securities that are regarded as investment options with floating rates. The purpose of this particular fund is to provide a high level of income along with preserving capital in the format of a registered fund. On a monthly basis, the fund dividends are paid out to all shareholders. Visit jimdondero.com to know more about him.
There are a number of parts of the fund that investors should keep in mind. These include closed end fund risk, credit risk, senior loans risk, illiquidity investment risk and ongoing monitoring risk. All of these parts of the fund are things that investors need to be aware of so that they get a positive return on whatever they invest in. Both individual and institutional investors will need to evaluate each risk so that they get the expected amount worth of dividend payments each month.
With the new Floating Opportunities Management Fund, a number of investors will be in position to get sound management of their assets as well as monthly returns. This will help them get an investment that will provide them with income as well as lump sum payments. As a result, the new fund will likely be a major benefit to all clients of Highland Capital Management.