The Fund today announced its plan to conduct an issuer tender offer pursuant to Rule 13e-4 under the Securities Exchange Act of 1934 for its common shares (“Shares”) with a maximum aggregate purchase price of $100 million, in exchange for Series B Preferred Shares (the “Tender Offer”). The expected exchange price for the Tender Offer is $10.00 per Share, which represents a significant premium to the current Share price. The Fund’s Board of Trustees (the “Board”) authorized the Tender Offer on November 22, 2024. The Tender Offer is expected to commence in January 2025.
Highland Opp & Incm Fd
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