Welcome to our dedicated page for Kayne Anderson NextGen Energy & Infrastructure news (Ticker: KMF), a resource for investors and traders seeking the latest updates and insights on Kayne Anderson NextGen Energy & Infrastructure stock.
Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF) is a non-diversified, closed-end management investment company with a focus on providing a high level of total return to its stockholders. This goal is achieved primarily through investments in Energy Companies and Infrastructure Companies that are significantly involved in or benefiting from the Energy Transition. The fund’s strategy is centered around investing at least 80% of its total assets in these sectors, aiming to generate consistent cash distributions to its common stockholders. KMF is managed by KA Fund Advisors, LLC, a subsidiary of Kayne Anderson Capital Advisors, L.P., a well-regarded investment management firm with a strong track record in the energy sector.
KMF’s recent activities include the quarterly cash distribution of $0.16 per share for the fiscal quarter ended August 31, 2023, payable on October 10, 2023. Moreover, it has announced the completion of stockholder approvals for a proposed merger with Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN). This merger, expected to close on November 13, 2023, will see KMF stockholders receive either newly issued common stock of KYN or cash, enhancing the combined entity’s capacity to capitalize on long-term growth in the energy infrastructure sector.
The fund is also committed to transparency and regulatory compliance, with a clear cautionary note on forward-looking statements that could be influenced by various risk factors including economic conditions, regulatory changes, and industry-specific risks. KMF’s financial health and strategic decisions are regularly disclosed in its filings with the SEC, ensuring that investors are well-informed.
For more detailed information, investment strategies, or to seek personalized advice, KMF encourages investors to consult with their investment, tax, or legal advisers.
Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF) reported as of November 30, 2020, net assets of $331 million and a net asset value per share of $7.02. The Fund's asset coverage ratio for senior securities was 505%, and 385% for total leverage. Long-term investments totaled $449 million, with 98% in equity and 2% in debt. The Fund's major investments include The Williams Companies, Targa Resources, and Enterprise Products Partners, primarily in midstream and renewable infrastructure sectors.
As of October 31, 2020, Kayne Anderson NextGen Energy & Infrastructure reported net assets of $278 million and a net asset value per share of $5.89. The Fund's asset coverage ratio for senior securities was 457%, while total leverage coverage was 346%. Total assets amounted to $392.4 million, with long-term investments totaling $388 million. Major investments included Midstream (49%) and Renewable Infrastructure (30%) companies. The Fund, aiming for high total return through cash distributions, maintains a portfolio heavily weighted in Energy and Infrastructure sectors.
As of September 30, 2020, Kayne Anderson NextGen Energy & Infrastructure reported net assets of $269 million and a net asset value per share of $5.69. The Fund's asset coverage ratios stand at 465% for senior securities and 316% for total leverage. Total long-term investments are valued at $374 million, primarily consisting of 96% equity and 4% debt. The largest holdings include The Williams Companies, Brookfield Renewable Partners, and NextEra Energy Partners. The Fund aims for high total returns, focusing on Energy and Infrastructure sectors.
Kayne Anderson Midstream/Energy Fund, Inc. (KMF) announced a quarterly distribution of $0.09 per share for the quarter ending August 31, 2020. This payment is scheduled for September 30, 2020. The Fund intends to declare the next distribution in December 2020, subject to Board approval and compliance with debt covenants. The distribution amount may vary based on factors like portfolio changes and market conditions. Notably, the return of capital estimate is 0%, reflecting anticipated earnings for fiscal 2020. Forward-looking statements include risks affecting investment objectives.
The Kayne Anderson Midstream/Energy Fund (NYSE: KMF) released its unaudited statement of assets and liabilities as of August 31, 2020. The Fund reported net assets of $295 million and a net asset value per share of $6.25. The asset coverage ratios were 496% for senior securities and 337% for total leverage. Long-term investments reached $396 million, with 94% in equity and 6% in debt. The largest holdings include The Williams Companies, Inc. and Targa Resources Corp., accounting for 7.1% and 4.4% of long-term investments, respectively.
As of July 31, 2020, Kayne Anderson Midstream/Energy Fund (NYSE: KMF) reported net assets of $287 million and a net asset value (NAV) per share of $6.09. The Fund maintained strong asset coverage ratios under the Investment Company Act of 1940, with a ratio of 487% for senior securities and 331% for total leverage. The portfolio is diversified, with 94% equity and 6% debt holdings, primarily in midstream companies and renewable infrastructure. The ten largest investments represent over 50% of long-term investments, with significant stakes in major companies like The Williams Companies and Targa Resources.
Kayne Anderson Midstream/Energy Fund (NYSE: KMF) will change its name to Kayne Anderson NextGen Energy & Infrastructure, Inc., effective 60 days after notifying shareholders. This strategic shift aims to focus on companies that facilitate the transition to sustainable energy, investing at least 80% of total assets in relevant energy and infrastructure companies. Chairman Jim Baker emphasized the importance of this transition, particularly in reducing carbon emissions. This update will be communicated in the upcoming semi-annual report to shareholders.
As of June 30, 2020, Kayne Anderson Midstream/Energy Fund (NYSE: KMF) reported net assets of $281 million and a net asset value per share of $5.96. The fund's asset coverage ratio for senior securities was 480%, while total leverage coverage stood at 326%. The portfolio was comprised of 94% equity and 6% debt investments, with investments in midstream companies dominating at 46%. The ten largest holdings include The Williams Companies, Inc. and Plains GP Holdings, L.P., representing a significant portion of long-term investments.
Kayne Anderson Midstream/Energy Fund (NYSE: KMF) announced a quarterly distribution of $0.09 per share for the fiscal quarter ending May 31, 2020, payable on June 30, 2020. This represents a 60% reduction from the previous quarterly rate of $0.225. The fund has shifted from monthly to quarterly distributions due to unprecedented declines in equity prices, with the Alerian MLP Index dropping about 65% between mid-February and mid-March. The Board will monitor market recovery for future distributions.
On June 2, 2020, Kayne Anderson Midstream/Energy Fund, Inc. (NYSE: KMF) announced its unaudited financial results as of May 31, 2020. The Fund reported net assets of $293 million and a net asset value (NAV) per share of $6.20. As of the same date, the asset coverage ratio for senior securities was an impressive 483%, while the total leverage asset coverage ratio stood at 331%. Long-term investments totaled $390 million, with 94% allocated to equity. The Fund's largest holdings include Plains GP Holdings and The Williams Companies, among others.
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