HFRO: An 8% Dividend Yield From The Preferreds Of This Investment-Grade CEF

Core Insights - Highland Opportunities and Income Fund (NYSE: HFRO) is identified as a highly discounted closed-end fund with a diversified portfolio that has shown significant recovery in equity value since reaching new lows in the summer [1] Group 1: Fund Performance - The equity market is described as a powerful mechanism that aggregates daily price fluctuations, leading to substantial long-term wealth creation or destruction [1] - The fund has experienced a marked recovery in its equity value, indicating potential for further growth [1] Group 2: Investment Strategy - Pacifica Yield aims to pursue long-term wealth creation by focusing on undervalued yet high-growth companies, high-dividend stocks, REITs, and green energy firms [1]