{
 "as_of": "2026-11-08",
 "cmr": "us-cm-kg/NYSE/HFRO-PB",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# HIGHLAND OPPORTUNITIES & INCOME FUND (NYSE: HFRO-PB) — research page\n\nAs of 2026-11-08 · us-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is HIGHLAND OPPORTUNITIES & INCOME FUND, listed on the NYSE under the ticker HFRO-PB. Its LEI is 254900CMUE9FRYL2UR80, and its ISIN is not on the record; several US ISINs are carried on the LEI: US43010E4044, US43010E5033 and US43010E6023. Its security type is non-operating entity type (investment), its jurisdiction is United States, Massachusetts, and its segment and sector are not on the record. The issuer is listed and not halted.\n\n## The disclosure read\n\nThe record holds 32 filings across 28 filing days in the window 2025-11-08 to 2026-11-08. The filings are 20 regulatory filings, 10 directors' dealings, 1 AGM/EGM and 1 director change. The median gap between filing days is 6 days. The latest filing is a regulatory filing dated 2026-09-04, and 65 days separate it from the record date of 2026-11-08. On the NYSE the median filings count is 64.0, the median cadence gap is 6.0 days and the median latency is 4.0 days, across 3256 issuers. The sector median is not on the record.\n\n## Auditor\n\nThe auditor is not on the record, because the latest annual report cover carries no auditor name tag, and the auditor's location is not on the record. The record holds no auditor changes.\n\n## Events and halts\n\nThe record holds no listing, delisting or name change lines. The domicile change is not on the record, as EDGAR states no dated change of state of incorporation on a filing line. The segment move is not on the record, as exchange tier transfers are not EDGAR filings. The halt flag is clear: listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable, because the chapter's orderability section names no client category and so the outcome cannot name its client category. The rule version is acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the issuer's investor-relations pages read, and the count is 0.\n\n## Open research\n\nNo openly published research notes were found on the record, and the count is 0.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe issuer is held in sealed years 2021, 2022, 2023, 2024, 2025 and 2026. The market's vintage is sealed, with earliest sealed date 2021-01-04, and the live record began on 2026-09-12.\n\n## Sources\n\n7 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.sec.gov/files/company_tickers_exchange.json (identity.exchange)\n- https://data.sec.gov/submissions/CIK0001710680.json (identity.jurisdiction)\n- https://api.gleif.org/api/v1/lei-records/254900CMUE9FRYL2UR80 (identity.lei)\n- https://mcp.us-cm-kg.ai/events/NYSE/HFRO-PB (the disclosure lines)\n- https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts (the halt flag)\n- https://mcp.us-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://mcp.us-cm-kg.ai/record/NYSE/HFRO-PB (the record)\n",
 "market": "US",
 "node": "us-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ],
   "live_record_began": "2026-09-12",
   "node_history_from": "2021-01-04",
   "node_years_sealed": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ],
   "record_version": 1,
   "sealed": true
  },
  "auditor": {
   "auditor": {
    "market": "US",
    "reason": "no dei:AuditorName tag on the latest annual report cover (foreign private issuers and older filings carry none)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "US",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "US",
    "state": "not_on_record"
   },
   "changes": []
  },
  "cmr": "us-cm-kg/NYSE/HFRO-PB",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-11",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 3256,
     "median_cadence_gap_days": 6,
     "median_filings": 64,
     "median_latency_days": 4,
     "name": "NYSE"
    },
    "sector": {
     "market": "US",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "agm_egm": 1,
    "director_change": 1,
    "directors_dealings": 10,
    "regulatory_filing": 20
   },
   "cadence_median_gap_days": 6,
   "filing_days": 28,
   "filings": 32,
   "latency_days": 65,
   "latest": [
    {
     "category": "N-CSRS",
     "date": "2026-09-04",
     "source": "https://www.sec.gov/Archives/edgar/data/1710680/000119312526383229/d132455dncsrs.htm",
     "title": "N-CSRS — N-CSRS",
     "type": "regulatory_filing"
    },
    {
     "category": "NPORT-P/A",
     "date": "2026-09-02",
     "source": "https://www.sec.gov/Archives/edgar/data/1710680/000204825126007610/xslFormNPORT-P_X01/primary_doc.xml",
     "title": "NPORT-P/A",
     "type": "regulatory_filing"
    },
    {
     "category": "NPORT-P",
     "date": "2026-08-31",
     "source": "https://www.sec.gov/Archives/edgar/data/1710680/000204825126007595/xslFormNPORT-P_X01/primary_doc.xml",
     "title": "NPORT-P",
     "type": "regulatory_filing"
    },
    {
     "category": "N-PX",
     "date": "2026-08-17",
     "source": "https://www.sec.gov/Archives/edgar/data/1710680/000143893426000898/xslN-PX_X01/primary_doc.xml",
     "title": "N-PX",
     "type": "regulatory_filing"
    },
    {
     "category": "SCHEDULE 13D/A",
     "date": "2026-07-29",
     "source": "https://www.sec.gov/Archives/edgar/data/1710680/000143774926024897/xslSCHEDULE_13D_X02/primary_doc.xml",
     "title": "SCHEDULE 13D/A",
     "type": "regulatory_filing"
    }
   ],
   "latest_filing_date": "2026-09-04",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.us-cm-kg.ai/events/NYSE/HFRO-PB",
   "window": {
    "from": "2025-11-08",
    "to": "2026-11-08"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "EDGAR company_tickers_exchange.json (SEC list of exchange-listed filers)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/files/company_tickers_exchange.json",
    "state": "sourced",
    "value": "NYSE"
   },
   "isin": {
    "market": "US",
    "reason": "several US ISINs on the LEI: US43010E4044, US43010E5033, US43010E6023",
    "state": "not_on_record"
   },
   "jurisdiction": {
    "read_by": "EDGAR submissions API (issuer header as filed) (stateOfIncorporation)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0001710680.json",
    "state": "sourced",
    "value": "United States — Massachusetts"
   },
   "lei": {
    "read_by": "GLEIF name-exact (jurisdiction US-MA; GLEIF golden copy 2026-09-12)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/254900CMUE9FRYL2UR80",
    "state": "sourced",
    "value": "254900CMUE9FRYL2UR80"
   },
   "name": {
    "read_by": "EDGAR submissions API (issuer header as filed)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0001710680.json",
    "state": "sourced",
    "value": "HIGHLAND OPPORTUNITIES & INCOME FUND"
   },
   "sector": {
    "market": "US",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "EDGAR submissions API (issuer header as filed)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0001710680.json",
    "state": "sourced",
    "value": "Non-operating entity type (investment)"
   },
   "segment": {
    "market": "US",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "EDGAR company_tickers_exchange.json (SEC list of exchange-listed filers)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/files/company_tickers_exchange.json",
    "state": "sourced",
    "value": "HFRO-PB"
   },
   "website": {
    "market": "US",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": [],
   "domicile_change": {
    "market": "US",
    "reason": "EDGAR states no dated change of state of incorporation on a filing line",
    "state": "not_on_record"
   },
   "listing": [],
   "name_change": [],
   "segment_move": {
    "market": "US",
    "reason": "the exchanges' tier transfers are not EDGAR filings",
    "state": "not_on_record"
   }
  },
  "market": "US",
  "node": "us-cm-kg",
  "numbers_hash": "sha256:b5c113052a9ffbf462fadde554f00ba9bbede509e3fe2ed9f6107a5da086724b",
  "open_research": {
   "read_date": "2026-11-11",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.us-cm-kg.ai/book/aio.json",
    "door": "https://mcp.us-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1",
   "section": "us.aio.v8"
  },
  "record": {
   "as_of": "2026-11-08",
   "url": "https://mcp.us-cm-kg.ai/record/NYSE/HFRO-PB",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:b5c113052a9ffbf462fadde554f00ba9bbede509e3fe2ed9f6107a5da086724b",
 "path": "/us/NYSE/HFRO-PB",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is HIGHLAND OPPORTUNITIES & INCOME FUND, listed on the NYSE under the ticker HFRO-PB. Its LEI is 254900CMUE9FRYL2UR80, and its ISIN is not on the record; several US ISINs are carried on the LEI: US43010E4044, US43010E5033 and US43010E6023. Its security type is non-operating entity type (investment), its jurisdiction is United States, Massachusetts, and its segment and sector are not on the record. The issuer is listed and not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 32 filings across 28 filing days in the window 2025-11-08 to 2026-11-08. The filings are 20 regulatory filings, 10 directors' dealings, 1 AGM/EGM and 1 director change. The median gap between filing days is 6 days. The latest filing is a regulatory filing dated 2026-09-04, and 65 days separate it from the record date of 2026-11-08. On the NYSE the median filings count is 64.0, the median cadence gap is 6.0 days and the median latency is 4.0 days, across 3256 issuers. The sector median is not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor is not on the record, because the latest annual report cover carries no auditor name tag, and the auditor's location is not on the record. The record holds no auditor changes.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record holds no listing, delisting or name change lines. The domicile change is not on the record, as EDGAR states no dated change of state of incorporation on a filing line. The segment move is not on the record, as exchange tier transfers are not EDGAR filings. The halt flag is clear: listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable, because the chapter's orderability section names no client category and so the outcome cannot name its client category. The rule version is acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the issuer's investor-relations pages read, and the count is 0.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record, and the count is 0.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The issuer is held in sealed years 2021, 2022, 2023, 2024, 2025 and 2026. The market's vintage is sealed, with earliest sealed date 2021-01-04, and the live record began on 2026-09-12.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "7 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.sec.gov/files/company_tickers_exchange.json"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://data.sec.gov/submissions/CIK0001710680.json"
  },
  {
   "for": "identity.lei",
   "source": "https://api.gleif.org/api/v1/lei-records/254900CMUE9FRYL2UR80"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.us-cm-kg.ai/events/NYSE/HFRO-PB"
  },
  {
   "for": "the halt flag",
   "source": "https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.us-cm-kg.ai/book/aio.json"
  },
  {
   "for": "the record",
   "source": "https://mcp.us-cm-kg.ai/record/NYSE/HFRO-PB"
  }
 ],
 "title": "HIGHLAND OPPORTUNITIES & INCOME FUND (HFRO-PB) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}