MILLER HOWARD INVESTMENTS INC

Important information enclosed: Part 2B of Form ADV: Firm Brochure Supplement Miller/Howard Investments, Inc. The Fuller Building 45 Pine Grove Ave, Suite 301 Kingston, NY 12401 For more information contact: compliance@mhinvest.com (845) 679-9166 Table of Contents Page Adam K. Fackler, CFA ............................................................................................................................2 John E. Leslie III, CFA ............................................................................................................................3 John R. Cusick, CFA .............................................................................................................................. 4 Michael G. Roomberg, CFA ..................................................................................................................5  Adam K. Fackler, CFA Miller/Howard Investments, Inc. The Fuller Building 45 Pine Grove Ave, Suite 301 Kingston, NY 12401 EDUCATIONAL BACKGROUND AND BUSINESS EXPERIENCE Full Legal Name: Adam K. Fackler Born: 1981 Education • Bucknell University, BS 2003 Business Administration Business Experience • Miller/Howard Investments, Inc.; Chief Investment Officer from 2025 to present • Miller/Howard Investments, Inc.; Deputy Chief Investment Officer from 2024 to 2025 • Miller/Howard Investments, Inc.; Portfolio Manager from 2020 to present • Miller/Howard Investments, Inc.; Senior Research Analyst from 2016 to present • MLV & Co.; Analyst from 2014 to 2015 • MLV & Co.; Senior Associate from 2013 to 2014 • KLR Group, LLC; Associate Analyst from 2011 to 2013 • Resources Management Corp.; Equity Analyst from 2005 to 2011 • Legg Mason; Marketing Specialist from 2004 to 2005 Designations Mr. Fackler has earned the following designation(s) and is in good standing with the granting authority: • Chartered Financial Analyst; CFA Institute1 Disciplinary Information Mr. Fackler has no reportable disciplinary history. Other Business Activities A. INVESTMENT-RELATED ACTIVITIES 1. Mr. Fackler is not engaged in any other investment-related activities. 2. Mr. Fackler does not receive commissions, bonuses or other compensation on the sale of securities or other investment products. B. NON INVESTMENT-RELATED ACTIVITIES Mr. Fackler is not engaged in any other business or occupation that provides substantial compensation or involves a substantial amount of his time. Additional Compensation Mr. Fackler does not receive any economic benefit from a non-advisory client for the provision of advisory services. Supervision Supervisor: Luan Jenifer, Title: CEO and President Phone Number: 845-679-9166 Model portfolios are reviewed on a constant, ongoing basis. 2 2 0 1 5 2 0 2 6 9 0 0 B 2 t r a P V D A H M 1 Chartered Financial Analyst (CFA®) This designation is offered by the CFA Institute. To obtain the CFA charter, candidates must successfully complete three difficult exams and gain at least 4,000 hours of experience completed in a minimum of 36 months of qualifying work experience, among other requirements. In passing these exams, candidates demonstrate their competence, integrity and extensive knowledge in accounting, ethical and professional standards, economics, portfolio management and security analysis. This brochure supplement provides information about Adam K. Fackler that supplements the Miller/Howard Investments, Inc. brochure. You should have received a copy of that brochure. Please contact Compliance at 845-679-9166 if you did not receive Miller/Howard Investments, Inc.’s brochure or if you have any questions about the contents of this supplement. -2- Updated on 10/22/2025  John E. Leslie III, CFA Miller/Howard Investments, Inc. The Fuller Building 45 Pine Grove Ave, Suite 301 Kingston, NY 12401 EDUCATIONAL BACKGROUND AND BUSINESS EXPERIENCE Full Legal Name: John E. Leslie III Born: 1960 Education • Babson College, MBA 1987 • Suffolk University, BSBA 1982 Finance and Banking Business Experience • Miller/Howard Investments, Inc.; Portfolio Manager from 2004 to present • Private Investor from 2002 to 2004 • Dewey Square Investors Corp; Senior Portfolio Manager from 2000 to 2002 • M&T Capital Advisors Group; Senior Portfolio Manager from 1996 to 1999 • Value Line Asset Management; Senior Portfolio Manager from 1994 to 1996 Designations Mr. Leslie has earned the following designation(s) and is in good standing with the granting authority: • Chartered Financial Analyst; CFA Institute1 Disciplinary Information Mr. Leslie has no reportable disciplinary history. Other Business Activities A. INVESTMENT-RELATED ACTIVITIES 1. Mr. Leslie is not engaged in any other investment-related activities. 2. Mr. Leslie does not receive commissions, bonuses or other compensation on the sale of securities or other investment products. B. NON INVESTMENT-RELATED ACTIVITIES Mr. Leslie is not engaged in any other business or occupation that provides substantial compensation or involves a substantial amount of his time. Additional Compensation Mr. Leslie does not receive any economic benefit from a non-advisory client for the provision of advisory services. Supervision Supervisor: Adam Fackler, CFA, Title: Chief Investment Officer Phone Number: 845-679-9166 Model portfolios are reviewed on a constant, ongoing basis. 1 Chartered Financial Analyst (CFA®) This designation is offered by the CFA Institute. To obtain the CFA charter, candidates must successfully complete three difficult exams and gain at least 4,000 hours of experience completed in a minimum of 36 months of qualifying work experience, among other requirements. In passing these exams, candidates demonstrate their competence, integrity and extensive knowledge in accounting, ethical and professional standards, economics, portfolio management and security analysis. This brochure supplement provides information about John E. Leslie III that supplements the Miller/Howard Investments, Inc. brochure. You should have received a copy of that brochure. Please contact Compliance at 845-679-9166 if you did not receive Miller/Howard Investments, Inc.’s brochure or if you have any questions about the contents of this supplement. -3- Updated on 10/22/2025  John R. Cusick, CFA Miller/Howard Investments, Inc. The Fuller Building 45 Pine Grove Ave, Suite 301 Kingston, NY 12401 EDUCATIONAL BACKGROUND AND BUSINESS EXPERIENCE Full Legal Name: John R. Cusick Born: 1971 Education • Fordham University, MBA 1999 • Temple University, BA 1993 Finance Business Experience • Miller/Howard Investments, Inc.; Portfolio Manager from 2015 to present • Miller/Howard Investments, Inc.; Senior Research Analyst from 2013 to present • Wunderlich Securities; Senior VP, Research Analyst from 2010 to 2013 • Oppenheimer & Co., Inc.; Director, Senior Research Analyst 1999 to 2010 Designations Mr. Cusick has earned the following designation(s) and is in good standing with the granting authority: • Chartered Financial Analyst; CFA Institute1 Disciplinary Information Mr. Cusick has no reportable disciplinary history. Other Business Activities A. INVESTMENT-RELATED ACTIVITIES 1. Mr. Cusick is not engaged in any other investment-related activities. 2. Mr. Cusick does not receive commissions, bonuses or other compensation on the sale of securities or other investment products. B. NON INVESTMENT-RELATED ACTIVITIES Mr. Cusick is not engaged in any other business or occupation that provides substantial compensation or involves a substantial amount of his time. Additional Compensation Mr. Cusick does not receive any economic benefit from a non-advisory client for the provision of advisory services. Supervision Supervisor: Adam Fackler, CFA, Title: Chief Investment Officer Phone Number: 845-679-9166 Model portfolios are reviewed on a constant, ongoing basis. 1 Chartered Financial Analyst (CFA®) This designation is offered by the CFA Institute. To obtain the CFA charter, candidates must successfully complete three difficult exams and gain at least 4,000 hours of experience completed in a minimum of 36 months of qualifying work experience, among other requirements. In passing these exams, candidates demonstrate their competence, integrity and extensive knowledge in accounting, ethical and professional standards, economics, portfolio management and security analysis. This brochure supplement provides information about John R. Cusick that supplements the Miller/Howard Investments, Inc. brochure. You should have received a copy of that brochure. Please contact Compliance at 845-679-9166 if you did not receive Miller/Howard Investments, Inc.’s brochure or if you have any questions about the contents of this supplement. -4- Updated on 10/22/2025  Michael G. Roomberg, CFA Miller/Howard Investments, Inc. The Fuller Building 45 Pine Grove Ave, Suite 301 Kingston, NY 12401 EDUCATIONAL BACKGROUND AND BUSINESS EXPERIENCE Full Legal Name: Michael G. Roomberg Born: 1980 Education • Georgetown University, MBA 2008 • University of Wisconsin-Madison, BA 2002 Business Experience • Miller/Howard Investments, Inc.; Portfolio Manager from 2015 to present • Miller/Howard Investments, Inc.; Senior Research Analyst from 2013 to present • Ladenburg Thalmann; Vice President – Equity Research from 2011 to 2013 • Jefferies; Associate – Equity Research in 2010 • Boenning & Scattergood; Associate – Equity Research from 2008 to 2010 • Overseas Private Investment Corporation; Project Finance Analyst in 2008 Designations Mr. Roomberg has earned the following designation(s) and is in good standing with the granting authority: • Chartered Financial Analyst; CFA Institute1 Disciplinary Information Mr. Roomberg has no reportable disciplinary history. Other Business Activities A. INVESTMENT-RELATED ACTIVITIES 1. Mr. Roomberg is not engaged in any other investment-related activities. 2. Mr. Roomberg does not receive commissions, bonuses or other compensation on the sale of securities or other investment products. B. NON INVESTMENT-RELATED ACTIVITIES Mr. Roomberg is not engaged in any other business or occupation that provides substantial compensation or involves a substantial amount of his time. Additional Compensation Mr. Roomberg does not receive any economic benefit from a non-advisory client for the provision of advisory services. Supervision Supervisor: Adam Fackler, CFA, Title: Chief Investment Officer Phone Number: 845-679-9166 Model portfolios are reviewed on a constant, ongoing basis. 1 Chartered Financial Analyst (CFA®) This designation is offered by the CFA Institute. To obtain the CFA charter, candidates must successfully complete three difficult exams and gain at least 4,000 hours of experience completed in a minimum of 36 months of qualifying work experience, among other requirements. In passing these exams, candidates demonstrate their competence, integrity and extensive knowledge in accounting, ethical and professional standards, economics, portfolio management and security analysis. This brochure supplement provides information about Michael G. Roomberg that supplements the Miller/Howard Investments, Inc. brochure. You should have received a copy of that brochure. Please contact Compliance at 845-679-9166 if you did not receive Miller/Howard Investments, Inc.’s brochure or if you have any questions about the contents of this supplement. -5- Updated on 10/22/2025