MILLER/HOWARD HIGH INCOME EQUITY FUND ANNOUNCES 6.25% DISTRIBUTION INCREASE
2022年9月13日 - 9:45PM
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 October, November, and December 2022. This is a
6.25% increase from the previous monthly distribution of $0.048 per
share.
The change in distribution takes into account the current market
environment, Miller/Howard Investments Inc.’s (the investment
adviser to the Fund [the “Adviser” or “Miller/Howard”]) outlook
regarding the dividends and distributions of the companies in the
Fund’s universe, and the projected proceeds from other investment
activities.
“In recent quarters, dividend increases have been a common theme
across the universe of higher-yielding equities,” said Michael
Roomberg, CFA, Portfolio Manager at Miller/Howard. “Consistent with
our expectations for the outlook of the Fund holdings, shareholders
should share in this prosperity.”
Greg Powell, Chief Investment Officer at Miller/Howard, added,
“The objective of the HIE Fund is to pay a high level of current
income to shareholders, with distributions sourced from dividends
and options premiums. We believe the underlying position of the
Fund has continued to improve, allowing for an increase in monthly
distributions.”
Miller/Howard believes that this increase in the monthly
distribution reflects the portfolio’s capacity to deliver a high
level of current income to our investors over the long term.
HIE: CUSIP–600379 101
Declaration |
Ex-Date |
Record |
Payable |
October 3, 2022 |
October 21, 2022 |
October 24, 2022 |
October 31, 2022 |
October 3, 2022 |
November 22, 2022 |
November 23, 2022 |
November 30, 2022 |
October 3, 2022 |
December 21, 2022 |
December 22, 2022 |
December 30, 2022 |
The Fund’s current indicated distribution rate based on its
closing price on the New York Stock Exchange on September 12, 2022
($10.60) is 5.77%. The current indicated rate based on the Fund’s
net asset value per share ($11.30) is 5.42%. 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.
MILLER/HOWARD HIGH INCOME EQUITY FUND ANNOUNCES
REDUCTION TO THE MANAGEMENT FEE
Given the rising industry costs experienced by the Fund,
Miller/Howard is announcing a reduction to the management fee of
the Fund. In consideration of the advisory services provided by the
Investment Adviser to the Fund, the Fund shall pay to the
Investment Adviser at the end of each calendar month a management
fee at the annual rate of 0.90% of the Fund’s average weekly
Managed Assets (the “Management Fee”), effective as of the next
Fund fiscal year beginning November 1, 2022. This is a 10% decrease
from the previous Management Fee of 1.00% of the Fund’s average
weekly Managed Assets that is in effect through the end of the Fund
fiscal year, October 31, 2022. The Management Fee is an expense
paid out of the Fund’s assets.
About the Fund
The Fund is managed by Miller/Howard Investments Inc., based in
Kingston, New York. Miller/Howard Investments Inc.’s total firm
assets as of June 30, 2022 were approximately $2.9 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 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
Catherine Johnston
Miller/Howard Investments Inc.
845-679-9166
cjohnston@mhinvest.com
Miller Howard High Incom... (NYSE:HIE)
過去 株価チャート
から 5 2024 まで 6 2024
Miller Howard High Incom... (NYSE:HIE)
過去 株価チャート
から 6 2023 まで 6 2024