JAMES DONDERO - 15 Sep 2025 SCHEDULE 13D Report for HIGHLAND OPPORTUNITIES & INCOME FUND Common Shares, par value $0.001 per share (HFRO)

Filing Manager: JAMES DONDERO
Reporting Manager: DONDERO JAMES D
Security: HIGHLAND OPPORTUNITIES & INCOME FUND Common Shares, par value $0.001 per share
Symbol: HFRO
Shares outstanding: 55.3M shares
Disclosed Ownership: 2.88M shares
Ownership: 5.2%
Form type: SCHEDULE 13D
Filing time: 22 Sep 2025, 16:12:43 UTC
Date of event: 15 Sep 2025
Next filing: 07 Oct 2025
SEC: View on sec.gov

Reporting Managers (5)

Name	Ownership	Shares Owned	sole voting power	shared voting power	Signature	Title	CIK
DONDERO JAMES D	5.2%	2.88M	1.74K	2.88M	James D. Dondero	James D. Dondero	0001228922
HIGHLAND GLOBAL ALLOCATION FUND	1.5%	806K	0	806K	Stephanie Vitiello	Stephanie Vitiello/Chief Compliance Officer	0001622148
Drugcrafters, L.P.	0.1%	72.1K	0	72.1K	James D. Dondero	James D. Dondero/Managing Member of the General Partner
NEXPOINT ASSET MANAGEMENT, L.P.	1.5%	806K	0	806K	James D. Dondero	James D. Dondero/President	0001469877
DONDERO NANCY MARIE	3.6%	2M	0	2M	Nancy Marie Dondero	Nancy Marie Dondero	0001656757