MILLER/HOWARD HIGH INCOME EQUITY FUND ANNOUNCES ITS COMPLETED LIQUIDATION
The Miller/Howard High Income Equity Fund (NYSE: HIE) has completed its liquidation on November 22, 2024, following its planned 10-year term. The Fund made a final liquidating distribution of $12.63 per share to shareholders, which corresponded to its final net asset value (NAV). Throughout its operational period since November 25, 2014, the Fund distributed monthly payments totaling $9.951 per share, not including the final liquidating distribution. Shareholders are advised to consult tax advisors regarding potential gains or losses from the liquidation.
Il Miller/Howard High Income Equity Fund (NYSE: HIE) ha completato la sua liquidazione il 22 novembre 2024, secondo il suo termine pianificato di 10 anni. Il Fondo ha effettuato un'ultima distribuzione di liquidazione di 12,63 dollari per azione agli azionisti, corrispondente al suo valore patrimoniale netto finale (NAV). Durante il suo periodo operativo, dal 25 novembre 2014, il Fondo ha distribuito pagamenti mensili per un totale di 9,951 dollari per azione, escludendo l'ultima distribuzione di liquidazione. Si consiglia agli azionisti di consultare consulenti fiscali riguardo ai potenziali guadagni o perdite derivanti dalla liquidazione.
El Miller/Howard High Income Equity Fund (NYSE: HIE) ha completado su liquidación el 22 de noviembre de 2024, siguiendo su término planificado de 10 años. El fondo realizó una última distribución de liquidación de 12,63 dólares por acción a los accionistas, que correspondía a su valor neto de activos final (NAV). A lo largo de su período operativo desde el 25 de noviembre de 2014, el fondo distribuyó pagos mensuales que totalizaron 9,951 dólares por acción, sin incluir la última distribución de liquidación. Se aconseja a los accionistas que consulten a asesores fiscales sobre posibles ganancias o pérdidas de la liquidación.
밀러/하워드 하이 인컴 주식 펀드 (NYSE: HIE)는 예정된 10년 기간에 따라 2024년 11월 22일에 청산을 완료했습니다. 펀드는 주주에게 주당 12.63달러의 마지막 청산 분배금을 지급했으며, 이는 최종 순자산가치(NAV)에 해당합니다. 2014년 11월 25일 이후 운영 기간 동안 펀드는 주당 9,951달러의 월 지급금을 분배했으며, 마지막 청산 분배금을 제외한 금액입니다. 주주들은 청산으로 인한 잠재적인 이익이나 손실에 대해 세무 상담사와 상담할 것을 권장합니다.
Le Miller/Howard High Income Equity Fund (NYSE: HIE) a achevé sa liquidation le 22 novembre 2024, conformément à sa durée prévue de 10 ans. Le Fonds a effectué une dernière distribution de liquidation de 12,63 $ par action aux actionnaires, correspondant à sa valeur nette d'actif finale (NAV). Tout au long de sa période opérationnelle depuis le 25 novembre 2014, le Fonds a distribué des paiements mensuels totalisant 9,951 $ par action, excluant la dernière distribution de liquidation. Les actionnaires sont invités à consulter des conseillers fiscaux concernant les éventuels gains ou pertes résultant de la liquidation.
Der Miller/Howard High Income Equity Fund (NYSE: HIE) hat seine Liquidation am 22. November 2024 abgeschlossen, gemäß der geplanten 10-jährigen Laufzeit. Der Fonds hat eine letzte Liquidationsausschüttung von 12,63 $ pro Aktie an die Aktionäre vorgenommen, die dem endgültigen Nettowert der Vermögenswerte (NAV) entspricht. Während seiner Betriebszeit seit dem 25. November 2014 hat der Fonds monatliche Zahlungen in Höhe von insgesamt 9,951 $ pro Aktie verteilt, ohne die letzte Liquidationsausschüttung einzubeziehen. Den Aktionären wird geraten, sich bezüglich möglicher Gewinne oder Verluste aus der Liquidation an Steuerberater zu wenden.
- Total distributions of $9.951 per share paid over the fund's lifetime
- Final liquidating distribution of $12.63 per share
- Complete fund termination, ending investment opportunity for shareholders
Insights
The liquidation of Miller/Howard High Income Equity Fund marks a significant event for investors, concluding its planned 10-year term with a final NAV of
The completion of this planned liquidation reflects proper fund management and adherence to stated objectives. For investors, this represents a clean exit with clear tax implications. The market impact is contained as this was a scheduled termination rather than a distressed situation. Current shareholders should note the potential tax consequences and plan accordingly for the
Kingston, NY, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Miller/Howard High Income Equity Fund (NYSE: HIE) (the “Fund”) announced today that the Fund completed its liquidation following the close of business on November 22, 2024. The liquidation was performed in accordance with the Fund’s investment objectives and organizational documents, consistent with the Fund’s previously announced liquidation plans and its stated 10-year term.
Upon its liquidation, the Fund had a final net asset value (NAV) of
Shareholders may recognize a gain or loss for U.S. tax purposes as a result of the liquidation and should consult with their own tax advisors about their specific tax situation.
About the Fund
The Miller/Howard High Income Equity Fund sought 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 been managed by Miller/Howard Investments Inc., based in Kingston, New York. Miller/Howard Investments Inc.’s total firm assets as of September 30, 2024 were approximately
For information, call shareholder servicing:
Equiniti Trust Company, LLC
1-800-937-5449
FAQ
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