<SEC-DOCUMENT>0001062993-25-017527-index.html : 20251231
<SEC-HEADER>0001062993-25-017527.hdr.sgml : 20251231
<ACCEPTANCE-DATETIME>20251231125223
ACCESSION NUMBER:		0001062993-25-017527
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20251231
DATE AS OF CHANGE:		20251231

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HIGHLAND OPPORTUNITIES & INCOME FUND
		CENTRAL INDEX KEY:			0001710680
		ORGANIZATION NAME:           	
		EIN:				456245636
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-90216
		FILM NUMBER:		251616681

	BUSINESS ADDRESS:	
		STREET 1:		300 CRESCENT COURT
		STREET 2:		SUITE 700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201
		BUSINESS PHONE:		214-276-6300

	MAIL ADDRESS:	
		STREET 1:		300 CRESCENT COURT
		STREET 2:		SUITE 700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HIGHLAND INCOME FUND\MA
		DATE OF NAME CHANGE:	20190521

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HIGHLAND FLOATING RATE OPPORTUNITIES FUND
		DATE OF NAME CHANGE:	20170925

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HIGHLAND FLOATING RATE OPPORTUNITIES FUND II
		DATE OF NAME CHANGE:	20170628

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Saba Capital Management, L.P.
		CENTRAL INDEX KEY:			0001510281
		ORGANIZATION NAME:           	
		EIN:				800361690
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		405 LEXINGTON AVENUE
		STREET 2:		58TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10174
		BUSINESS PHONE:		212-542-4635

	MAIL ADDRESS:	
		STREET 1:		405 LEXINGTON AVENUE
		STREET 2:		58TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10174
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
Document 1 - file: primary_doc.html

Document 1 - RAW XML: primary_doc.xml

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5
<SEQUENCE>2
<FILENAME>exhibit5.htm
<DESCRIPTION>EXHIBIT 5
<TEXT>
Document 2 - file: exhibit5.htm

</DOCUMENT>
</SEC-DOCUMENT>