Kayne Anderson Energy Infrastructure Fund Announces Change to Monthly Distributions and Announces Distributions
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) announced a change in its distribution payment frequency from quarterly to monthly, starting November 2024. The company declared monthly distributions of $0.08 per share for November 2024, December 2024, and January 2025, equivalent to the previous quarterly distribution of $0.24 per share.
KYN's Board of Directors believes this change will make the fund more attractive to investors seeking more frequent payments. The company intends to continue declaring monthly distributions, subject to Board approval. Estimated return of capital for these distributions ranges from 0% to 75%, with final tax characterization to be determined after the end of the respective fiscal years.
KYN is a closed-end management investment company focused on providing high after-tax returns through investments in Energy Infrastructure Companies.
Il Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) ha annunciato un cambiamento nella frequenza dei pagamenti delle distribuzioni, passando da trimestrale a mensile, a partire da novembre 2024. La società ha dichiarato distribuzioni mensili di $0,08 per azione per novembre 2024, dicembre 2024 e gennaio 2025, equivalenti alla precedente distribuzione trimestrale di $0,24 per azione.
Il Consiglio di Amministrazione di KYN ritiene che questo cambiamento renda il fondo più attraente per gli investitori che cercano pagamenti più frequenti. La società intende continuare a dichiarare distribuzioni mensili, soggette all'approvazione del Consiglio. Il ritorno stimato di capitale per queste distribuzioni varia dallo 0% al 75%, con la caratterizzazione fiscale finale che sarà determinata dopo la conclusione degli esercizi fiscali rispettivi.
KYN è una società di investimento chiuso a gestione attiva, focalizzata nel fornire alti rendimenti netti da tasse attraverso investimenti in aziende nel settore delle infrastrutture energetiche.
El Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) anunció un cambio en la frecuencia de sus pagos de distribución, pasando de trimestrales a mensuales, a partir de noviembre de 2024. La empresa declaró distribuciones mensuales de $0.08 por acción para noviembre de 2024, diciembre de 2024 y enero de 2025, equivalente a la anterior distribución trimestral de $0.24 por acción.
La Junta de Directores de KYN cree que este cambio hará que el fondo sea más atractivo para los inversores que buscan pagos más frecuentes. La empresa tiene la intención de continuar declarando distribuciones mensuales, sujeto a la aprobación de la Junta. Se estima que el retorno de capital para estas distribuciones varía del 0% al 75%, con la caracterización fiscal final por determinar después del final de los respectivos años fiscales.
KYN es una compañía de inversión de gestión cerrada enfocada en proporcionar altos rendimientos después de impuestos a través de inversiones en empresas de infraestructura energética.
케인 앤더슨 에너지 인프라 펀드 (NYSE: KYN)는 2024년 11월부터 분배금 지급 빈도를 분기별에서 월별로 변경한다고 발표했습니다. 이 회사는 2024년 11월, 2024년 12월 및 2025년 1월에 대해 주당 $0.08의 월간 분배금을 선언했으며, 이는 이전 분기 배당금인 주당 $0.24에 해당합니다.
KYN의 이사회는 이 변경이 더 자주 지급되는 금액을 찾는 투자자들에게 펀드를 더 매력적으로 만들 것이라고 믿고 있습니다. 이 회사는 이사회의 승인을 조건으로 월간 분배금 선언을 계속할 계획입니다. 이러한 분배금에 대한 자본 환급 예상 비율은 0%에서 75%까지 다양하며, 최종 세금 성격은 각 회계연도가 끝난 후에 결정됩니다.
KYN은 에너지 인프라 회사에 대한 투자를 통해 세후 높은 수익을 제공하는 데 초점을 맞춘 폐쇄형 관리 투자 회사입니다.
Le Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) a annoncé un changement de la fréquence de ses paiements de distribution, passant de trimestriels à mensuels, à partir de novembre 2024. La société a déclaré des distributions mensuelles de 0,08 $ par action pour novembre 2024, décembre 2024 et janvier 2025, équivalentes à la précédente distribution trimestrielle de 0,24 $ par action.
Le conseil d'administration de KYN pense que ce changement rendra le fonds plus attrayant pour les investisseurs recherchant des paiements plus fréquents. La société prévoit de continuer à déclarer des distributions mensuelles, sous réserve de l'approbation du conseil. Le retour de capital estimé pour ces distributions varie de 0 % à 75 %, la caractérisation fiscale finale étant déterminée après la fin des exercices fiscaux respectifs.
KYN est une société d'investissement à gestion fermée, axée sur la fourniture de rendements nets élevés d'impôts grâce à des investissements dans des entreprises d'infrastructure énergétique.
Der Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) hat eine Änderung in der Häufigkeit der Ausschüttungen von vierteljährlich auf monatlich angekündigt, die ab November 2024 in Kraft tritt. Das Unternehmen hat monatliche Ausschüttungen von $0,08 pro Aktie für November 2024, Dezember 2024 und Januar 2025 erklärt, was der vorherigen vierteljährlichen Ausschüttung von $0,24 pro Aktie entspricht.
Der Vorstand von KYN ist der Meinung, dass diese Änderung den Fonds für Investoren, die häufigere Zahlungen suchen, attraktiver machen wird. Das Unternehmen beabsichtigt, weiterhin monatliche Ausschüttungen zu erklären, vorbehaltlich der Genehmigung des Vorstands. Der geschätzte Kapitalrückfluss für diese Ausschüttungen liegt zwischen 0 % und 75 %, wobei die endgültige steuerliche Einstufung nach Ablauf des jeweiligen Geschäftsjahres bestimmt wird.
KYN ist eine geschlossene Management-Investmentgesellschaft, die sich darauf konzentriert, hohe nachsteuerrenditen durch Investitionen in Energieinfrastrukturunternehmen zu erzielen.
- Change from quarterly to monthly distribution payments, potentially attracting more investors
- Maintained equivalent distribution amount ($0.24 per quarter, now $0.08 per month)
- Intention to continue monthly distributions, subject to Board approval
- High estimated return of capital (up to 75%) for some distributions, which may impact tax efficiency
Insights
The change from quarterly to monthly distributions is a significant move for Kayne Anderson Energy Infrastructure Fund (KYN). This shift to more frequent payouts can be attractive to income-focused investors, potentially improving the fund's appeal in the market. The
However, investors should note the high estimated return of capital component (
The fund's focus on Energy Infrastructure Companies aligns with current market trends favoring energy investments. This specialized strategy may offer opportunities in a sector experiencing renewed interest, but it also concentrates risk in a single industry.
HOUSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) announced today its distribution payment frequency will change from quarterly to monthly payments beginning in November 2024.
As outlined in the table below, the Company declared a monthly distribution of
The Board of Directors and management understand how important distributions are to the Company’s investors and believe this change to KYN’s distribution policy will make it an attractive choice for investors who desire more frequent distribution payments.
Payment of future distributions is subject to the approval of the Company’s Board of Directors. It is the Company’s intention to declare monthly payments each month beginning with the monthly distribution payment expected to be made in February 2025.
| Record Date / Ex-Date | Payment Date | Distribution Amount | Return of Capital Estimate |
| 11/15/24 | 11/29/24 | ||
| 12/16/24 | 12/31/24 | ||
| 1/15/25 | 1/31/25 |
(1) This estimate is based on the Company’s anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of fiscal 2024 and may differ substantially from this preliminary information.
(2) This estimate is based on the Company’s anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of fiscal 2025 and may differ substantially from this preliminary information.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) 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 Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least
The Company pays cash distributions to common stockholders at a rate that may be adjusted from time to time. Distribution amounts are 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 consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.
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 Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events could differ materially from these statements or 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 Company’s investment objectives will be attained.
Contact investor relations at 877-657-3863 or cef@kayneanderson.com.
FAQ
What is the new monthly distribution amount for Kayne Anderson Energy Infrastructure Fund (KYN)?
When will KYN start paying monthly distributions instead of quarterly?
What is the estimated return of capital for KYN's upcoming distributions?
What is Kayne Anderson Energy Infrastructure Fund's (KYN) investment objective?
