Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.22 per Share for Q2 2024

Rhea-AI Summary

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) announced a quarterly distribution of $0.22 per share for the fiscal quarter ending May 31, 2024. The payment, scheduled for July 8, 2024, is based on anticipated earnings and profits, with an estimated 10% return of capital. The final tax characterization will be determined after the fiscal year ends. KYN focuses on providing high after-tax total returns, primarily through cash distributions, by investing at least 80% of its assets in Energy Infrastructure Companies. Distribution amounts may vary based on market conditions and portfolio changes.

Positive

• Quarterly distribution of $0.22 per share.
• Estimated 10% return of capital.
• Focus on high after-tax total returns.

Negative

• Final tax characterization of distributions undetermined until fiscal year-end.
• Distribution amounts are not guaranteed and may vary.

HOUSTON, June 18, 2024 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) announced today a quarterly distribution of $0.22 per share for the fiscal quarter ended May 31, 2024. This distribution is payable to common stockholders on July 8, 2024 (as outlined in the table below).

Record Date / Ex-Date	Payment Date	Distribution Amount		Return of Capital Estimate1
6/28/24	7/8/24	$0.22		10%

_{¹This 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.}

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 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

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 distribution announced by KYN for Q2 2024?

Kayne Anderson Energy Infrastructure Fund announced a quarterly distribution of $0.22 per share for Q2 2024.

When is KYN's next distribution payment date?

The distribution payment date for KYN is July 8, 2024.

What is the return of capital estimate for KYN's Q2 2024 distribution?

The return of capital estimate for KYN's Q2 2024 distribution is 10%.

What is the investment focus of Kayne Anderson Energy Infrastructure Fund?

Kayne Anderson Energy Infrastructure Fund invests at least 80% of its total assets in securities of Energy Infrastructure Companies.

Are the distribution amounts guaranteed by KYN?

No, KYN's distribution amounts are not guaranteed and may vary depending on portfolio holdings and market conditions.