HIE

Miller/Howard High Income Equity Fund
HIE
Market cap $232M

12.39 USD

-0.01

0.08%

At close Oct 17, 4:00 PM EDT

1 day

-0.08%

5 days

1.47%

1 month

1.72%

3 months

7.83%

6 months

17.00%

Year to date

16.12%

1 year

24.27%

5 years

8.88%

About: Miller/Howard High Income Equity Fund is a closed-end, diversified management investment company. The fund's primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It invests under normal market conditions, a majority of its total assets in dividend or distribution paying equity securities of U.S. companies and non-U.S. companies traded on U.S. exchanges. Its portfolio of investments consists of securities of different sectors such as Natural Gas Transmission, Real Estate Investment Trusts, Petroleum Refining, Oil and Gas Extraction, Electric Services and others.

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

500% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 1

28% more capital invested

Capital invested by funds: $101M [Q1] → $129M (+$28.3M) [Q2]

14% more funds holding

Funds holding: 37 [Q1] → 42 (+5) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

6.06% less ownership

Funds ownership: 67.73% [Q1] → 61.67% (-6.06%) [Q2]

13% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 15

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Research analyst outlook

We haven’t received any recent analyst ratings for HIE.

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Financial journalist opinion

MILLER/HOWARD HIGH INCOME EQUITY FUND DECLARES MONTHLY DISTRIBUTION

Kingston, NY, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of the Miller/Howard High Income Equity Fund (NYSE: HIE) (the “Fund”) declares a cash distribution of $0.051 per share for October 2024.

MILLER/HOWARD HIGH INCOME EQUITY FUND DECLARES MONTHLY DISTRIBUTION

MILLER/HOWARD HIGH INCOME EQUITY FUND ANNOUNCES LIQUIDATION DETAILS

Kingston, NY, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Miller/Howard High Income Equity Fund (NYSE: HIE) (the “Fund”) announced today that, consistent with its organizational documents, the Fund plans to terminate on or about November 22, 2024, the last business date before the previously announced November 24, 2024 (“Termination Date”).

MILLER/HOWARD HIGH INCOME EQUITY FUND ANNOUNCES LIQUIDATION DETAILS

HIE: Anticipated Termination Nearing

Miller/Howard High Income Equity fund is set to liquidate on November 24, 2024, barring an extension or attempt to switch to a perpetual fund. The HIE closed-end fund's discount has narrowed, as expected, heading nearer the anticipated termination date. That discount narrowing has meant that the opportunity here has narrowed as well, but those continuing to hold still have the opportunity to generate some attractive annualized alpha.

HIE: Anticipated Termination Nearing

MILLER/HOWARD HIGH INCOME EQUITY FUND DECLARES MONTHLY DISTRIBUTIONS

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.

MILLER/HOWARD HIGH INCOME EQUITY FUND DECLARES MONTHLY DISTRIBUTIONS

MILLER/HOWARD HIGH INCOME EQUITY FUND UPDATES MONTHLY DISTRIBUTION INFORMATION FOR THE JUNE DISTRIBUTION TO TAKE INTO ACCOUNT REVISED EX-DATE

Kingston, NY, April 02, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of the Miller/Howard High Income Equity Fund (NYSE: HIE) (the “Fund”) declared, on April 1, 2024, cash distributions of $0.051 per share for each of April, May, and June 2024. Effective May 28, 2024, US markets are moving to T+1 settlement. As a result of this new trading policy, the ex-date for the June distribution has been revised as per below. The record date and the payable date remains the same.

MILLER/HOWARD HIGH INCOME EQUITY FUND UPDATES MONTHLY DISTRIBUTION INFORMATION FOR THE JUNE DISTRIBUTION TO TAKE INTO ACCOUNT REVISED EX-DATE

MILLER/HOWARD HIGH INCOME EQUITY FUND DECLARES MONTHLY DISTRIBUTIONS

Kingston, NY, April 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 April, May, and June 2024.

MILLER/HOWARD HIGH INCOME EQUITY FUND DECLARES MONTHLY DISTRIBUTIONS

5 Closed-End Fund Buys In The Month Of January 2024 (Includes 2 Swaps)

5 Closed-End Fund Buys In The Month Of January 2024 (Includes 2 Swaps)

5 Closed-End Fund Buys In The Month Of January 2024 (Includes 2 Swaps)

HIE: Moving To Hold On This Term Fund (Rating Downgrade)

The Miller/howard High Income Equity fund has seen substantial gains since its Buy rating in 2023, driven by a narrowing of its discount to NAV and underlying equities delta. The fund is set to terminate in 2024, with the potential for a 1-year extension if approved by the Board.

HIE: Moving To Hold On This Term Fund (Rating Downgrade)

MILLER/HOWARD HIGH INCOME EQUITY FUND DECLARES MONTHLY DISTRIBUTIONS

Kingston, NY, Jan. 02, 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 January, February, and March 2024.

MILLER/HOWARD HIGH INCOME EQUITY FUND DECLARES MONTHLY DISTRIBUTIONS

HIE: Opportunity Left In This Term Fund

Miller/Howard High Income Equity Fund is expected to liquidate in November 2024, presenting a buying opportunity due to the potential for the fund's discount to narrow. The activist group Saba Capital holds a substantial stake in HIE, and that's pretty good company to be with. Though HIE's portfolio has a heavy weighting towards the energy sector, which can be a much more volatile area of the market.

HIE: Opportunity Left In This Term Fund

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