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Miller/Howard High Income Equity Fund (HIE)

U.S. Equity Funds - General Equity Funds

Data as of March 28, 2024
Current
Market Price $11.09 (+ $0.14)
NAV (March 28, 2024) $11.60 (+ $0.08)
Fund Listed NYSE
Premium / Discount -4.40% (+0.55%)
Fund Info
Inception Nov. 25, 2014
Sponsor Miller/Howard Investments
Website https://www.hiefund.com/
Phone 1-(800) 937-5449
NAV Symbol XHIEX
Location New York
Incorporated Delaware
Staggered Board Yes
Term Date Nov. 24, 2024
Objective: High current income and long-term capital appreciation by investing in high-income equities.
Capital & Leverage
Outstanding Shares 18,690,675
Total Assets (Reported: Oct. 31, 2023) $216M
Estimated Total Assets $241M
Net Assets $217M
Market Cap $207M
Portfolio Turnover 89.00%
Total Leverage 10.22%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 100.00%
Expense Ratio 2.27%
Non Lev Exp Ratio 1.58%
Rel Lev Cost 6.05%
Discount Data
Average Discount (3 Yr) -7.22%
Discount Low(3 Yr) -11.47%
Discount High(3 Yr) -2.96%
Discount Rel Range (3 Yr) 83.08%
Comp Discount 8.78
Discount St Dev (1Yr) 1.37
Z-Stat
Z-Stat (6mo) 0.89
Z-Stat (1Yr) 1.51
Z-Stat (3Yr) 1.93
Comp Z-Stat (6mo) 0.99
Comp Z-Stat (3Yr) 2.65
Distribution Data
Market Yield 5.52%
Income Yield 1.84%
Lev Adj NAV Yield 4.79%
Distribution Frequency M
Current Distribution $0.051
Current Income $0.017
Ex-Date 3/20/24
Payable Date 3/28/24
Div Growth (3yr) 6.25%
Dividend Change 6.3% on 10/3/22
Expected Div 4/2/24
RoC (1yr) 50.98%
RoC (3yr) 30.23%
Volume & Liquidity
Average Daily $ (K) $376
Avg Volume 30 day 22,628
Avg Volume 90 day 33,866
Volume Trend -33.18%
Comp Volume Trend -24.46%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
57.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
81.0%
Price Correlation (1yr)
vs. CEFA's US Equity Index
70.0%
Most Correlated Peer (Mk Pr): STEW 78.0%
NAV - Price Correlation (30 d) 94.8%
NAV - Price Correlation (90 d) 94.7%
NAV - Price Correlation (1 Yr) 93.0%
Price St Dev (1Yr) 15.0%
NAV St Dev (1Yr) 12.1%
Earnings
Earnings / Share (10/31/23) $0.025
Earn Coverage 49.41%
Earnings Trend Down
UNII / Share (10/31/23) $-0.515
Rel UNII -252.25
UNII Trend Down
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.92
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.49
NAV Beta (2yr)
vs. CEFA's US Equity Index
1.06

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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