Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.15 per Share for Q1 2021

Rhea-AI Summary

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) has declared a quarterly distribution of $0.15 per share for the fiscal quarter ending February 28, 2021. This distribution will be paid on March 31, 2021, with an ex-date of March 22, 2021 and a record date of March 23, 2021. The next distribution is expected in June 2021, contingent on Board approval and compliance with debt covenants. The distribution is considered a return of capital, estimated at 100%. However, future distributions are not guaranteed and may fluctuate based on market conditions.

Positive

• Quarterly distribution of $0.15 per share announced.
• Distribution payable on March 31, 2021, providing immediate returns to shareholders.

Negative

• Future distributions are not guaranteed and depend on market conditions.
• Next distribution pending Board approval and debt covenants.

HOUSTON, March 09, 2021 (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 February 28, 2021. This distribution is payable to common stockholders on March 31, 2021 (as outlined in the table below).

The Company expects the next distribution to be declared in June 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)
3/22/21	3/23/21	3/31/21	$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 on March 9, 2021?

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

When is the payment date for the KYN distribution declared on March 9, 2021?

The payment date for the KYN distribution is March 31, 2021.

What are the ex-date and record date for KYN's distribution?

The ex-date is March 22, 2021, and the record date is March 23, 2021.

What percentage of KYN's distribution is a return of capital?

The return of capital estimate for KYN's distribution is 100%.

Is the distribution amount for KYN guaranteed?

No, the distribution amount for KYN is not guaranteed and may vary based on market conditions.