SOURCE: Miller/Howard Investments

Miller/Howard Investments

January 03, 2017 08:30 ET

Miller/Howard High Income Equity Fund Pays Monthly Distributions

WOODSTOCK, NY--(Marketwired - January 03, 2017) - The Board of Trustees of the Miller/Howard High Income Equity Fund (NYSE: HIE) (the "Fund") declares cash distributions of $0.116 per share for each of January, February and March 2017.

HIE: CUSIP-600379 101

Declaration  Ex-Date  Record  Payable
January 3, 2017  January 18, 2017  January 20, 2017  January 31, 2017
January 3, 2017  February 21, 2017  February 23, 2017  February 28, 2017
January 3, 2017  March 20, 2017  March 22, 2017  March 31, 2017

The Fund's current indicated yield based on its closing price on the New York Stock Exchange on December 30, 2016 ($12.39) is 11.23%. The current indicated yield based on the Fund's net asset value per share ($13.02) is 10.69%. The Fund intends to pay monthly distributions to its shareholders.

Each quarter, the Board of Trustees reviews the 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. As of September 30, 2016 the firm managed approximately $6.3 billion in assets. Miller/Howard Investments focuses on income-producing equities. The emphasis is 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 over two decades.

Contact Information

  • For information, call shareholder servicing:
    American Stock Transfer
    1-800-937-5449

    Contact for Miller/Howard Investments Inc.:
    Steve Chun
    Executive VP/Director of Marketing
    Tel. 845-679-9166
    schun@mhinvest.com

    Miller/Howard High Income Equity Fund
    PO Box 549, Woodstock, NY 12498
    MAIN 845-679-9166
    FAX 845-679-5862
    www.hiefund.com