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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

MILLER/HOWARD HIGH INCOME EQUITY FUND DECLARES MONTHLY DISTRIBUTIONS

January 3, 2022 GMT

Woodstock, NY, Jan. 03, 2022 (GLOBE NEWSWIRE) -- The Board of Trustees of the Miller/Howard High Income Equity Fund (NYSE: HIE) (the “Fund”) declares cash distributions of $0.048 per share for each of January, February, and March 2022.

 

HIE: CUSIP–600379 101

DeclarationEx-DateRecordPayable
January 3, 2022January 21, 2022January 24, 2022January 31, 2022
January 3, 2022February 17, 2022February 18, 2022February 28, 2022
January 3, 2022March 23, 2022March 24, 2022March 31, 2022

The Fund’s current indicated distribution rate based on its closing price on the New York Stock Exchange on December 31, 2021 ($10.32) is 5.58%. The current indicated rate based on the Fund’s net asset value per share ($10.93) is 5.27%. The Fund intends to pay monthly distributions to its shareholders.

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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 Fund

The Fund is managed by Miller/Howard Investments Inc., based in Woodstock, New York. Miller/Howard Investments Inc.’s total firm assets as of September 30, 2021 were approximately $2.9 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 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 three decades.

 

For information, call shareholder servicing:

American Stock Transfer

1-800-937-5449

 


Catherine Johnston Miller/Howard Investments Inc. 8456799166 cjohnston@mhinvest.com