MILLER/HOWARD HIGH INCOME EQUITY FUND DECLARES MONTHLY DISTRIBUTIONS

Rhea-AI Summary

The Board of Trustees of the Miller/Howard High Income Equity Fund (NYSE: HIE) has declared monthly cash distributions of $0.051 per share for July, August, and September 2024. Key dates for these distributions include the declaration date of July 1, 2024; ex-dates of July 24, August 23, and September 23; record dates of July 24, August 23, and September 23; and payment dates of July 31, August 30, and September 30, respectively.

As of June 28, 2024, the Fund's indicated distribution rate based on the closing price of $11.21 is 5.46%, and 5.29% based on the net asset value per share of $11.56. The Fund aims to provide consistent monthly distributions, with the Board of Trustees reviewing and potentially adjusting the distribution level each quarter as per the adviser's recommendation. The distribution rate is subject to change based on various factors including market returns and Fund performance. These distributions should not be considered indicative of the Fund's dividend yield or total return.

Kingston, NY, July 01, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of the Miller/Howard High Income Equity Fund (NYSE: HIE) (the “Fund”) declares cash distributions of $0.051 per share for each of July, August, and September 2024.

HIE: CUSIP–600379 101

Declaration	Ex-Date	Record	Payable
July 1, 2024	July 24, 2024	July 24, 2024	July 31, 2024
July 1, 2024	August 23, 2024	August 23, 2024	August 30, 2024
July 1, 2024	September 23, 2024	September 23, 2024	September 30, 2024

The Fund’s current indicated distribution rate based on its closing price on the New York Stock Exchange on June 28, 2024 ($11.21) is 5.46%. The current indicated rate based on the Fund’s net asset value per share ($11.56) is 5.29%. 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 Fund
The 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 March 31, 2023 were approximately $3.1 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 Transfer
1-800-937-5449

FAQ

What are the distribution dates for the Miller/Howard High Income Equity Fund in Q3 2024?

The distribution dates for the Miller/Howard High Income Equity Fund (NYSE: HIE) in Q3 2024 are July 31, August 30, and September 30.

What is the monthly cash distribution per share for HIE in Q3 2024?

The monthly cash distribution per share for HIE in Q3 2024 is $0.051.

How does the Miller/Howard High Income Equity Fund determine its distribution rates?

The distribution rates are reviewed and potentially adjusted quarterly by the Board of Trustees based on the adviser's recommendation and factors such as market returns and Fund performance.

What is the indicated distribution rate for HIE based on the closing price as of June 28, 2024?

The indicated distribution rate for HIE based on the closing price of $11.21 as of June 28, 2024, is 5.46%.

What is the indicated distribution rate for HIE based on the net asset value per share as of June 28, 2024?

The indicated distribution rate for HIE based on the net asset value per share of $11.56 as of June 28, 2024, is 5.29%.

When are the ex-dividend dates for HIE's distributions in Q3 2024?

The ex-dividend dates for HIE's distributions in Q3 2024 are July 24, August 23, and September 23.

What does the distribution rate of HIE signify?

The distribution rate of HIE should not be considered the dividend yield or total return on an investment in the Fund.