Miller/Howard High Income Equity Fund Announces Executive Changes
December 04, 2015 at 12:41 pm EST
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On November 20, 2015, Ms. Mamak Shahbazi submitted her resignation as Trustee of the Miller/Howard High Income Equity Fund effective immediately. Ms. Helen Hamada submitted her resignation as Chief Financial Officer and Principal Financial Officer of the fund to the board during its September 21, 2015 board of trustees meeting. The board accepted her resignation.
Upon recommendation from the adviser, the board appointed Mr. Paul Brook as Chief Financial Officer and Principal Financial Officer of the fund. Mr. Brook currently serves as the Chief Financial Officer of Miller/Howard Investments Inc. since February, 2015. Mr. Paul Brook submitted his resignation as Chief Compliance Officer of the fund to the board during its September 21, 2015 board of trustees meeting.
The Board accepted his resignation. Upon recommendation from the adviser, the board appointed Mr. Gerald Wheeler as Chief Compliance Officer of the fund. Mr. Wheeler currently serves as the General Counsel and Chief Compliance Officer of Miller/Howard Investments Inc. since September, 2015.
Mr. Wheeler has served as general counsel and chief compliance officer to a number of investment advisers and fund advisers over his 25 year career.
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.