Stephanie Vitiello - Nov 13, 2021 Form 3 Insider Report for HIGHLAND INCOME FUND\MA (HFRO)

Role: Chief Compliance Officer
Signature: /s/ Stephanie Vitiello
Stock symbol: HFRO
Transactions as of: Nov 13, 2021
Transactions value $: $0
Form type: 3
Date filed: 11/23/2021, 08:01 PM
Next filing: Mar 21, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	HFRO	Common Stock						858	Nov 13, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	HFRO	Contingent Bonus Award							Nov 13, 2021	Common Stock	151		Direct	F1
holding	HFRO	Contingent Bonus Award							Nov 13, 2021	Common Stock	455		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 29, 2020, the Reporting Person was awarded 151.149 shares. The Contingent Bonus Award is granted by Highland Capital Management, L.P. ("Highland") to the Reporting Person for service as an employee of Highland. Each share of the Contingent Bonus Award is the economic equivalent of one share of Issuer common stock. The shares become payable, in cash or common stock, on May 29, 2023. These awards will terminate if the Reporting Person's employment with Highland or an affiliate is terminated.
F2	On June 9, 2021, the Reporting Person was awarded 455.373 shares. The Contingent Bonus Award is granted by Skyview Group, Inc. ("Skyview") to the Reporting Person for service as an employee of Skyview. Each share of the Contingent Bonus Award is the economic equivalent of one share of Issuer common stock. The shares become payable, in cash or common stock, on June 9, 2024. These awards will terminate if the Reporting Person's employment with Skyview or an affiliate is terminated.

Content

On May 29, 2020, the Reporting Person was awarded 151.149 shares. The Contingent Bonus Award is granted by Highland Capital Management, L.P. ("Highland") to the Reporting Person for service as an employee of Highland. Each share of the Contingent Bonus Award is the economic equivalent of one share of Issuer common stock. The shares become payable, in cash or common stock, on May 29, 2023. These awards will terminate if the Reporting Person's employment with Highland or an affiliate is terminated.

On June 9, 2021, the Reporting Person was awarded 455.373 shares. The Contingent Bonus Award is granted by Skyview Group, Inc. ("Skyview") to the Reporting Person for service as an employee of Skyview. Each share of the Contingent Bonus Award is the economic equivalent of one share of Issuer common stock. The shares become payable, in cash or common stock, on June 9, 2024. These awards will terminate if the Reporting Person's employment with Skyview or an affiliate is terminated.