Howard High Income Equity Fund

Role: 10%+ Owner
Signature: Saba Capital Management, L.P. By: /s/ William Manzolillo
Issuer symbol: N/A
Transactions as of: 16 Aug 2023
Net transactions value: $0
Form type: 4/A - Amendment
Filing time: 16 Aug 2023, 21:09:57 UTC
Date Of Original Report: 15 Aug 2023
Previous filing: 17 Aug 2023
Next filing: 21 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HIE	Common Stock	Other	$0	-543,257	-19%	$0.000000	2,374,849	16 Aug 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.