The Miller/Howard High Income Equity Fund Announces Management Changes
April 04, 2018 at 06:41 pm IST
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The Miller/Howard High Income Equity Fund and its Adviser announce the following personnel changes: Effective April 3, 2018, Annemarie Gilly resigned from her position as a Managing Director of Miller/Howard Investments Inc., the investment adviser to the Fund (the “Adviser”). Also effective as of April 3, 2018, Ms. Gilly resigned from her position as an interested Trustee of the Fund as well as her positions as Chief Operating Officer, Executive Vice President and Secretary of the Fund. Ms. Gilly had no role in the investment decision making or portfolio management of the Fund. Lowell G. Miller will continue to serve as Chairman and President of the Fund and Chief Investment Officer of the Adviser. Dana C. Troxell, Jr., President of the Adviser, has been appointed to serve as Secretary of the Fund.
Miller/Howard High Income Equity Fund (the Fund) is a closed-end, diversified management investment company. The Fund's primary objective is to provide high current income with capital appreciation. The Fund invests, under normal market conditions, at least 80% of its total assets in dividend or distribution paying equity securities of United States companies and non- United States companies traded on United States exchanges. The Fund may invest in equity securities including common stocks, preferred stocks, convertible securities, warrants, depository receipts and equity interests in trust and other entities. The Fund may also invest up to 25% of its total assets in securities of master limited partnerships (MLPs). The Fund invests in various sectors, which include oil and gas extraction, insurance carriers, natural gas transmission, real estate investment trusts, petroleum refining, eating places, and others. The Fundâs investment advisor is Miller/Howard Investments, Inc.