Kayne Anderson NextGen Energy & Infrastructure Announces Distribution of $0.09 per Share for Q4 2020

Rhea-AI Summary

On December 9, 2020, Kayne Anderson NextGen Energy & Infrastructure announced a quarterly distribution of $0.09 per share for the fiscal quarter ending November 30, 2020. This payment is set for December 31, 2020, and is contingent upon Board approval and compliance with debt covenants. The next distribution is anticipated in March 2021, with amounts being variable based on market conditions and portfolio changes. The Fund targets energy and infrastructure investments, focusing on companies engaged in the Energy Transition.

Positive

• Quarterly distribution of $0.09 per share announced.
• Upcoming distribution expected in March 2021.
• Focus on investments in 'NextGen' energy and infrastructure companies.

Negative

• Future distributions are not guaranteed and depend on market conditions.
• Payment is subject to Board approval and compliance with debt covenants.

HOUSTON, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Kayne Anderson NextGen Energy & Infrastructure, Inc. (the “Fund”) (NYSE: KMF) announced today a quarterly distribution of $0.09 per share for the fiscal quarter ended November 30, 2020. This distribution is payable to common stockholders on December 31, 2020 (as outlined in the table below).

The Fund expects the next distribution to be declared and paid in March 2021. Payment of future distributions is subject to the Board of Directors’ approval, as well as meeting the covenants of the Fund’s debt agreements and terms of its preferred stock.

Ex-Date	Record Date	Payment Date	Distribution Amount		Return of Capital Estimate(1)
12/18/20	12/21/20	12/31/20	$0.09		0%

⁽¹⁾ _{The return of capital estimate is based on the Fund’s anticipated earnings and profits. The final determination of the tax character of distributions may differ substantially from this preliminary information.}

Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Fund's investment objective is to provide a high level of total return with an emphasis on making cash distributions to its stockholders. The Fund seeks to achieve its investment objective by investing at least 80% of its total assets in securities of Energy Companies and Infrastructure Companies. The Fund anticipates that the majority of its investments will consist of investments in ”NextGen” companies, which we define as Energy Companies and Infrastructure Companies that are meaningfully participating in, or benefitting from, the Energy Transition. See Glossary of Key Terms in the Fund's most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

The Fund pays cash distributions to common stockholders at a rate that may be adjusted from time to time. The amount of distributions is not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or take into account the specific objectives or circumstances of any investor. Please consult with your investment, tax or legal adviser regarding your individual circumstances prior to investing.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Fund’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events could differ materially from these statements or from our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objectives will be attained.

Contact: Investor Relations at 877-657-3863 or cef@kaynecapital.com

FAQ

What is the distribution amount announced by KMF?

KMF announced a quarterly distribution of $0.09 per share.

When will the KMF distribution be paid?

The distribution will be paid on December 31, 2020.

What factors affect future KMF distributions?

Future distributions depend on Board approval, debt covenants, and market conditions.

When is the next distribution for KMF expected?

The next distribution is anticipated in March 2021.