Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.15 per Share for Q4 2020

Rhea-AI Summary

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) declared a quarterly distribution of $0.15 per share for the period ending November 30, 2020. This distribution will be paid to common stockholders on December 31, 2020. The next distribution is anticipated to be announced and paid in March 2021. Future distributions depend on Board approval and compliance with the company's debt covenants. The company aims to provide high after-tax returns by investing at least 80% of assets in energy infrastructure securities.

Positive

• Quarterly distribution of $0.15 per share announced.
• Distribution payable on December 31, 2020.
• Future distributions expected in March 2021.

Negative

• None.

HOUSTON, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) announced today a quarterly distribution of $0.15 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 Company 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 Company’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	$0.15	100%

^{(1) The return of capital estimate is based on the Company’s anticipated earnings and profits. The final determination of the tax character of distributions 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. 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 Company’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 Company’s investment objectives will be attained.

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

FAQ

What is the quarterly distribution amount for KYN announced in December 2020?

The quarterly distribution amount for KYN is $0.15 per share.

When will the distribution for KYN be paid?

The distribution for KYN will be paid on December 31, 2020.

When is the next expected distribution announcement for KYN?

The next expected distribution announcement for KYN is in March 2021.

What factors can affect the future distributions of KYN?

Future distributions of KYN depend on Board approval and compliance with the company's debt covenants.