Miller/Howard High Income Equity Fund Pays Monthly Distributions Declaring Distribution of $0.116 Per Share

WOODSTOCK, NY--(Marketwired - July 01, 2016) - The Board of Trustees of the Miller/Howard High Income Equity Fund (HIE) (the "Fund") declares cash distributions of $0.116 per share for each of July, August, and September 2016.

Declaration		Ex-Date		Record		Payable
July 1, 2016		July 19, 2016		July 21, 2016		July 29, 2016
July 1, 2016		August 19, 2016		August 23, 2016		August 31, 2016
July 1, 2016		September 20, 2016		September 22, 2016		September 30, 2016

The Fund's current indicated yield based on its closing price on the New York Stock Exchange on June 30, 2016 ($11.97) is 11.6%. The current indicated yield based on the Fund's net asset value per share ($13.11) is 10.6%. The Fund intends to pay monthly distributions to its shareholders.

Each quarter, the Board of Trustees reviews the amount of any potential distribution to shareholders. The Board of Trustees will monitor the Fund's distribution level. The Fund's distribution rate may be affected by numerous factors, including changes in realized and projected market returns, Fund performance and other factors. There can be no assurance that an unanticipated change in market conditions or other unforeseen factors will not result in a change in the Fund's distribution rate at a future time. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

The Fund is managed by Miller/Howard Investments, Inc., based in Woodstock, New York. As of March 31, 2016 the firm managed $6.2 billion in assets. Miller/Howard Investments focuses on income-producing equities. The emphasis is on high-quality stocks with high yield and strong dividend growth offering investors the opportunity for capital appreciation, current income, and growth of income. The firm has managed portfolios for major institutions and individuals for over two decades.