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Article: Highland Distressed Opportunities, Inc. Announces Financial Results for the Quarter Ended September 30, 2007.(Financial report)
- Article from:
- Business Wire
- Article date:
- November 9, 2007
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Copyright informationCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DALLAS -- Highland Distressed Opportunities, Inc. (NYSE: HCD) today announced its financial results for the quarter ended September 30, 2007.
Highlights for the quarter ended September 30, 2007:
[TABLE OMITTED]
Portfolio and Investment Activity
On September 30, 2007, we completed our second full quarter of operations after our IPO, with approximately 50.3% of our portfolio invested in senior loans (bank debt), 34.4% in corporate notes and bonds, 1.2% in claims, and 14.1% in equity interests as of that date.
Bank debt typically accrues interest at variable rates determined on a basis of a benchmark LIBOR or prime rate, and typically will have maturities of ...
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