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: 55,337,449 shares
Disclosed Ownership: 2,877,547 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%	2,877,547	1,743	2,875,804	James D. Dondero	James D. Dondero	0001228922
HIGHLAND GLOBAL ALLOCATION FUND	1.5%	806,194	0	806,194	Stephanie Vitiello	Stephanie Vitiello/Chief Compliance Officer	0001622148
Drugcrafters, L.P.	0.1%	72,082	0	72,082	James D. Dondero	James D. Dondero/Managing Member of the General Partner
NEXPOINT ASSET MANAGEMENT, L.P.	1.5%	806,194	0	806,194	James D. Dondero	James D. Dondero/President	0001469877
DONDERO NANCY MARIE	3.6%	1,997,528	0	1,997,528	Nancy Marie Dondero	Nancy Marie Dondero	0001656757