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Article: Highland Distressed Opportunities, Inc. Announces Declaration of Distribution.
- Article from:
- Business Wire
- Article date:
- June 6, 2008
CopyrightCOPYRIGHT 2008 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. (the "Company") (NYSE: HCD) today announced that its Board of Directors has declared a first quarter distribution on its common stock of $0.2625 per share, payable on June 30, 2008 to holders of record on June 20, 2008.
The following are annualized historical distribution rate calculations based on the total declared distribution for the quarter, the Company's net asset value ("NAV") at quarter-end and the Company's quarter-end closing price ("Market Price").
[TABLE OMITTED]
Distribution rates are calculated by annualizing the distribution declared during the period and then dividing the ...
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