Woodstock, NY, July 01, 2020 (GLOBE NEWSWIRE) -- The Board of Trustees of the Miller/Howard High Income Equity Fund (NYSE: HIE) (the “Fund”) declares cash distributions of $0.040 per share for each of July, August, and September 2020.
HIE: CUSIP–600379 101
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The Fund’s current indicated yield based on its closing price on the New York Stock Exchange on June 30, 2020 ($6.10) is 7.87%. The current indicated yield based on the Fund’s net asset value per share ($7.30) is 6.58%. The Fund intends to pay monthly distributions to its shareholders.
Each quarter, the Board of Trustees reviews the advisor’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’ total firm assets as of March 31, 2020 were approximately $2.6 billion, including $0.2 billion in assets under advisement. 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.
For information, call shareholder servicing:
American Stock Transfer
Catherine Johnston, CFA Miller/Howard Investments Inc. 845-679-9166 email@example.com