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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 600379101
- Market Cap
- Small Cap · $245 Million
- IPO
- 11/24/2014 · $20.00/share
Fund Description: Miller/Howard High Income Equity Fund is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Miller/Howard High Income Equity Fund seeks a high level of current income. As a secondary objective, the Fund seeks capital appreciation. FUND STRATEGY: The Fund will generally seek to invest in securities of issuers that the Adviser considers to be financially strong with reliable earnings, high dividend or distribution yields and rising dividend growth, but may invest in securities having other attributes in its discretion. The Adviser will at times seek to select stocks for the Fund that potential for dividend increases which are often a positive signal from management about the future prospects of a company, and may support favorable conclusions drawn from a company's past financial reports. Equity securities in which the Fund may invest include common stocks, preferred stocks, convertible securities, royalty trusts, real estate investment trusts (REITs), American Depositary Receipts (ADRs), European Depositary Receipts (EDRs), Global Depositary Receipts (GDRs), and warrants, all of which will generally trade on a U.S. national securities exchange. The Fund may invest up to 15% of its Total Assets in securities of master limited partnerships (MLPs), generally in the energy sector. The Fund may also invest in a broad mix of assets including, but not limited to, foreign securities, securities issued by small-capitalization issuers or emerging markets, foreign currency-related transactions, derivatives, fixed income securities, real estate-related investments, registered investment companies, royalty trusts, exchange traded notes, and defensive instruments such as cash and cash equivalents. The Fund will invest no more than 15% of its Managed Assets in issuers located in emerging market countries. The Fund may also invest in fixed-income and convertible securities rated in the lower rating categories of rating agencies. The Fund may invest without regard to capitalization or, in the case of fixed income securities, without regard to any particular range of maturity. The Fund's investments in foreign issuers will primarily consist of companies located in developed countries and listed on U.S. exchanges. FUND MANAGEMENT: Miller/Howard Investments, Inc. serves as the Fund's investment adviser
Company Contact
- Headquarters
- 324 Upper Byrdcliffe Road, Woodstock, NY 12498
- Phone
- 845-679-9166 · Toll-Free 855-769-4460
- Fax
- 845-679-5862
- Investor Relations
- 855-769-4460