Article: Highland Distressed Opportunities, Inc. Announces Financial Results for the Quarter Ended September 30, 2007.(Financial report)

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:

 
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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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