Howard High Income Equity Fund (HIE)

Role: 10%+ Owner
Signature: Saba Capital Management, L.P. By: /s/ William Manzolillo
Stock symbol: HIE
Transactions as of: Aug 16, 2023
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 8/16/2023, 09:09 PM
Date Of Original Report: Aug 15, 2023
Previous filing: Aug 17, 2023
Next filing: Aug 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HIE	Common Stock	Other	$0	-543K	-18.62%	$0.00	2.37M	Aug 16, 2023	-	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On August 16, 2023, in connection with an expiration of a mandate, Saba Capital Management, L.P. ("Saba Capital"), on behalf of certain clients to which Saba Capital serves as investment manager, effected a pro-rata in-kind distribution of an aggregate 543,257 shares of Common Stock for no consideration to certain limited partners and account holders, including 25,334 shares to affiliates of Saba Capital (the "Share Distribution"). The shares held by affiliates of Saba Capital continue to be included in Column 5.

Content

On August 16, 2023, in connection with an expiration of a mandate, Saba Capital Management, L.P. ("Saba Capital"), on behalf of certain clients to which Saba Capital serves as investment manager, effected a pro-rata in-kind distribution of an aggregate 543,257 shares of Common Stock for no consideration to certain limited partners and account holders, including 25,334 shares to affiliates of Saba Capital (the "Share Distribution"). The shares held by affiliates of Saba Capital continue to be included in Column 5.