MILLER/HOWARD HIGH INCOME EQUITY FUND UPDATES MONTHLY DISTRIBUTION INFORMATION FOR THE JUNE DISTRIBUTION TO TAKE INTO ACCOUNT REVISED EX-DATE
April 02 2024 - 3:05PM
The Board of Trustees of the Miller/Howard High Income Equity Fund
(NYSE: HIE) (the “Fund”) declared, on April 1, 2024, cash
distributions of $0.051 per share for each of April, May, and June
2024. Effective May 28, 2024, US markets are moving to T+1
settlement. As a result of this new trading policy, the ex-date for
the June distribution has been revised as per below. The record
date and the payable date remains the same.
HIE: CUSIP–600379 101
Declaration |
Ex-Date |
Record |
Payable |
April 1, 2024 |
June 21, 2024 |
June 21, 2024 |
June 28, 2024 |
The Fund’s current indicated distribution rate based on its
closing price on the New York Stock Exchange on March 28, 2023
($11.09) is 5.52%. The current indicated rate based on the Fund’s
net asset value per share ($11.60) is 5.28%. The Fund intends to
pay monthly distributions to its shareholders.
Each quarter, the Board of Trustees reviews the Adviser’s
recommended amount of any potential distribution to shareholders.
The Board of Trustees will monitor the Fund’s distribution level.
The Fund’s distribution rate may be affected by numerous factors,
including changes in realized and projected market returns, Fund
performance and other factors. There can be no assurance that an
unanticipated change in market conditions or other unforeseen
factors will not result in a change in the Fund’s distribution rate
at a future time. The distribution rate should not be considered
the dividend yield or total return on an investment in the
Fund.
About the FundThe Miller/Howard High Income Equity Fund
seeks high current income, and secondarily long-term capital
appreciation, by investing in high-yielding equities strategically
allocated across multiple sectors and industries focusing on
companies that we view to have a high current yield, growth of
dividends and financial strength. The Fund has a 10 year term
limit. It will terminate on November 24, 2024 unless the Board of
Trustees determines that it is in the best interests of the
shareholders to extend the term limit for one year or if
shareholders vote to shorten or extend the life of the Fund. Upon
termination of the Fund, shareholders will receive the NAV per
share.
The Fund is managed by Miller/Howard Investments Inc., based in
Kingston, New York. Miller/Howard Investments Inc.’s total firm
assets as of December 31, 2023 were approximately $3.2 billion,
including $0.3 billion in assets under advisement. Miller/Howard
Investments Inc. focuses on income-producing equities, with an
emphasis on high-quality stocks with high yield and strong
prospects for dividend growth, offering investors the opportunity
for capital appreciation, current income, and growth of income. The
firm has managed portfolios for major institutions and individuals
for over three decades.
For information, call shareholder servicing:American
Stock Transfer1-800-937-5449
Catherine Johnston
Miller/Howard Investments Inc.
845-679-9166
cjohnston@mhinvest.com
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