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John Waggoner: Highland To Convert Open-End Fund To Closed-End: (HFRAX)

TedTed
in The Bullpen
FYI: (Click On Article At Top At Top Of Google Search)

You've probably heard of closed-end mutual funds converting to open-end funds. But Highland Floating Rate Opportunities Fund (HFRAX) is hoping to go in the other direction, thanks to a potentially massive legal settlement it's expecting from Credit Suisse dating back to the financial crisis.
Regards,
Ted
https://www.google.com/search?source=hp&q=Highland+to+convert+open-end+fund+to+closed-end+Investment+news&oq=Highland+to+convert+open-end+fund+to+closed-end+Investment+news&gs_l=psy-ab.3...5986.14070.0.14734.19.18.0.0.0.0.193.2864.0j17.18.0.dummy_maps_web_fallback...0...1.1.64.psy-ab..1.15.2544.6..35i39k1j33i22i29i30k1.189.PL0Lh4xKN0U

Highland Website:
https://www.highlandfunds.com/highland-capital-management-proposes-converting-floating-rate-opportunities-fund-closed-end-fund-ahead-279-million-legal-award/

M* Snapshot HFRAX:
http://www.morningstar.com/funds/xnas/hfrax/quote.html

Lipper Snapshot HFRAX:
http://www.marketwatch.com/investing/fund/hfrax

HFRAX Is Unranked In The (BL) Fund Category By U.S. News & World Report:
https://money.usnews.com/funds/mutual-funds/bank-loan/highland-floating-rate-opportunities-fd/hfrax
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