Our First Priority Is You!

Thursday, March 19, 2020

Our First Priority Is You!

Miller/Howard wants to help you navigate through rough markets.

Our first priority at Miller/Howard is making sure that we are in a position to steward your assets through all markets, including this one. We have navigated challenging markets for 30 years, and we will navigate this one. Past challenges have prepared us from an operational and technological standpoint to continue to serve our clients seamlessly while doing our part to social distance. To that end, our portfolio managers have been working diligently to navigate choppy markets, our marketing team is grounded and available for client calls, and our traders and staff are prepared to continue to care for the assets you have entrusted to us without interruption.  We are doing our best to be part of the solution, without compromising client care or fiduciary responsibility.

At its core though, this is a human event. We know that this has an emotional and economic impact on you and your clients. We have designed our strategies in an effort to endure challenging economic times, and our portfolios were already positioned in healthy companies and those providing essential services with enduring business models. Many of the companies that we own are businesses that you write checks to every month; companies that, themselves, have endured and thrived during other challenging times.

Near-term price volatility is unavoidable, but what we seek to deliver is a stable income stream from dividends. Every market cycle will have unanticipated events that need to be evaluated. Portfolio changes will be made when warranted. What is unchanging is our commitment to our clients.

We are here to serve you, and we are committed to doing the best work we can to protect income. Please don’t hesitate to reach out.

We earnestly hope that you and your family stay healthy.

Be well,
The Miller/Howard Team

Luan Jenifer
Luan Jenifer
President and CEO

Luan Jenifer joined Miller/Howard Investments in 2002. Previously, Luan held several key leadership positions at the firm including Chief Operating Officer and Head of ESG. In her long-time work as Head of ESG, Luan was instrumental in expanding the scope and impact our environmental, social, and governance (ESG) program, which began over three decades ago. Luan is chair of the Executive Committee, and serves on Miller/Howard's Board of Directors, Corporate Governance and Nominating Committee, and Compensation Committee. As an avid supporter of local community organizations, Luan created the firm’s volunteer time off program. Luan holds a BS from Marist College.

DISCLOSURE

INVESTMENT PRODUCTS: ARE NOT FDIC INSURED - MAY LOSE VALUE - ARE NOT BANK GUARANTEED

Opinions and estimates offered constitute Miller/Howard Investments' judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. Nothing stated herein, including the mention of specific company names, should be construed as a recommendation to buy, hold, or sell any security, sector, or MLPs in general. To receive a list of all recommendations for the previous year, please email compliance@mhinvest.com. All investments carry a certain degree of risk, including possible loss of principal. It is important to note that there are risks inherent in any investment and there can be no assurance that any asset class will provide positive performance over any period of time. The material may also contain forward-looking statements that involve risk and uncertainty, and there is no guarantee they will come to pass.

Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer’s board of directors, and the amount of any dividend may vary over time. Dividend yield is one component of performance and should not be the only consideration for investment.

The information above is from sources deemed to be reliable and is provided strictly for the convenience of our investors and their advisors. These materials are solely informational. Legal, accounting and tax restrictions, transaction costs, and changes to any assumptions may significantly affect the economics of any transaction.

The information and analyses contained herein are not intended as tax, legal, or investment advice and may not be appropriate for your specific circumstances; accordingly, you should consult your own tax, legal, investment, or other advisors, at both the outset of any transaction and on an ongoing basis, to determine such appropriateness. Any investment returns — past, hypothetical, or otherwise — are not indicative of future performance.

Investment Decisions: Do not use this report as the sole basis for investment decisions. Do not select an allocation, investment discipline, or investment manager based on performance alone. Consider, in addition to performance results, other relevant information about each investment manager, as well as matters such as your investment objectives, risk tolerance, and investment time horizon.

The returns on a portfolio that utilizes environmental, social, or governance (ESG) criteria for stock selection may be lower or higher than portfolios where ESG factors are not considered, and the investment opportunities available to such portfolios may differ.

Past performance does not guarantee future results.

© 2024 Miller/Howard Investments.

DISCLOSURE

INVESTMENT PRODUCTS: ARE NOT FDIC INSURED - MAY LOSE VALUE - ARE NOT BANK GUARANTEED

Opinions and estimates offered constitute Miller/Howard Investments' judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. Nothing stated herein, including the mention of specific company names, should be construed as a recommendation to buy, hold, or sell any security, sector, or MLPs in general. To receive a list of all recommendations for the previous year, please email compliance@mhinvest.com. All investments carry a certain degree of risk, including possible loss of principal. It is important to note that there are risks inherent in any investment and there can be no assurance that any asset class will provide positive performance over any period of time. The material may also contain forward-looking statements that involve risk and uncertainty, and there is no guarantee they will come to pass.

Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer’s board of directors, and the amount of any dividend may vary over time. Dividend yield is one component of performance and should not be the only consideration for investment.

The information above is from sources deemed to be reliable and is provided strictly for the convenience of our investors and their advisors. These materials are solely informational. Legal, accounting and tax restrictions, transaction costs, and changes to any assumptions may significantly affect the economics of any transaction.

The information and analyses contained herein are not intended as tax, legal, or investment advice and may not be appropriate for your specific circumstances; accordingly, you should consult your own tax, legal, investment, or other advisors, at both the outset of any transaction and on an ongoing basis, to determine such appropriateness. Any investment returns — past, hypothetical, or otherwise — are not indicative of future performance.

Investment Decisions: Do not use this report as the sole basis for investment decisions. Do not select an allocation, investment discipline, or investment manager based on performance alone. Consider, in addition to performance results, other relevant information about each investment manager, as well as matters such as your investment objectives, risk tolerance, and investment time horizon.

The returns on a portfolio that utilizes environmental, social, or governance (ESG) criteria for stock selection may be lower or higher than portfolios where ESG factors are not considered, and the investment opportunities available to such portfolios may differ.

Past performance does not guarantee future results.

© 2024 Miller/Howard Investments.

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