HIE - Miller/Howard High Income Equity Fund: Bearish As Market Price Diverges From NAV

Miller/Howard High Income Equity Fund (NYSE:HIE) is a closed-end-fund with $184 million in total assets. The fund has an income focus with investments based on high dividend-paying equities that is enhanced through the use of leverage and the ability to use option strategies like covered calls and protective puts. HIE holds a significant position between energy Master Limited Partnership 'MLPs' and energy sector stocks based on the high-yield opportunities. HIE currently yields 11.6% which is in large part achieved through the regular return of capital distributions. While the fund has returned an otherwise