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KINGSTON, N.Y., Jan. 2, 2024 (Globe Newswire) — The Board of Directors of the Miller/Howard High Income Equity Fund (NYSE: HIE) (the “Fund”) has announced that it will invest $0.051 per share each month. Announced cash dividend. , February and March 2024.
HIE: CUSIP–600379 101
| declaration | New Year’s Day | record | payable |
| January 2, 2024 | January 23, 2024 | January 24, 2024 | January 31, 2024 |
| January 2, 2024 | February 21, 2024 | February 22, 2024 | February 29, 2024 |
| January 2, 2024 | March 20, 2024 | March 21, 2024 | March 28, 2024 |
The Fund’s current stated distribution rate is 5.77% based on the closing price of the New York Stock Exchange on December 29, 2023 ($10.61). The current stated interest rate is 5.49% based on the fund’s net asset value per share ($11.14). The Fund plans to pay monthly distributions to shareholders.
On a quarterly basis, the Board reviews the advisor’s recommendations for potential distributions to stockholders. The Board oversees the level of distribution of the Fund. The Fund’s distribution rate may be affected by many factors, including changes in realized and expected market returns, the Fund’s performance, and other factors. There can be no assurance that the Fund’s distribution rate will not change in the future due to unanticipated changes in market conditions or other unforeseen factors. The distribution rate should not be considered a dividend yield or total return on an investment in the Fund.
About the fund
The Miller/Howard High Income Equity Fund delivers high recurring income by investing in high-yield stocks strategically allocated across multiple sectors and industries, with a focus on companies with high current yields and high growth prospects. We aim to increase secondary long-term capital. Dividends and financial strength. The Fund has a 10-year term limit. Unless the Board determines that it is in the shareholders’ best interest to extend the term limit by one year, or unless the shareholders vote to shorten or extend the term of the Fund, the Fund will continue to operate until November 2024. Ends on the 24th of the month. When the fund closes, the shareholder receives his NAV per share.
The fund is managed by Miller/Howard Investments Inc., based in Kingston, New York. Miller/Howard Investments Inc. had approximately $3.1 billion in total corporate assets as of September 30, 2023, including $300 million in assets under advice. Miller/Howard Investments Inc. focuses on income-producing stocks, with an emphasis on high-quality stocks with high yields and high dividend growth expectations, providing investors with opportunities for value appreciation, recurring income, and profit growth. I am. The firm has been managing portfolios for major institutions and individuals for over 30 years.
For more information, please call Shareholder Services.
US stock transfer
1-800-937-5449
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