HIGHLAND OPPORTUNITIES & INCOME FUND's HFRO-P-B is an exchange-traded preferred stock in the Closed-End Fund sector. At a recent price of $16.25, HFRO-P-B yields 8.27% on its $25 liquidation preference and 5.375% coupon. It trades at a discount of 35.0% to par. The issue is cumulative, perpetual (no stated maturity), callable on or after 2024-09-30. Distributions are paid quarterly. Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.