Kayne Anderson Energy Infrastructure Fund Announces Tax Characterization of 2024 Distributions
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) has released the tax characterization of its 2024 distributions. The company made six distributions throughout 2024, with five distributions (January through October) being characterized as 100% qualified dividends. The final December distribution was split between 25% qualified dividends and 75% return of capital (ROC).
The distributions were made as follows: $0.22 per share for January, April, and June; $0.24 per share for October; $0.08 for November; and $0.08 for December. KYN is a non-diversified, closed-end management investment company that aims to provide high after-tax total returns with an emphasis on cash distributions to stockholders, investing at least 80% of its total assets in Energy Infrastructure Companies.
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) ha pubblicato la caratterizzazione fiscale delle sue distribuzioni per il 2024. L'azienda ha effettuato sei distribuzioni durante il 2024, cinque delle quali (da gennaio ad ottobre) sono state caratterizzate come dividendi completamente qualificati. L'ultima distribuzione di dicembre è stata suddivisa tra il 25% di dividendi qualificati e il 75% di restituzione di capitale (ROC).
Le distribuzioni sono state effettuate come segue: $0,22 per azione per gennaio, aprile e giugno; $0,24 per azione per ottobre; $0,08 per novembre; e $0,08 per dicembre. KYN è un'azienda di investimento chiuso e non diversificata che mira a fornire rendimenti totali elevati dopo le tasse, con un'enfasi sulle distribuzioni in contante agli azionisti, investendo almeno l'80% dei suoi attivi totali in aziende di infrastruttura energetica.
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) ha publicado la caracterización fiscal de sus distribuciones para 2024. La compañía realizó seis distribuciones a lo largo de 2024, de las cuales cinco distribuciones (de enero a octubre) se caracterizan como dividendos calificados al 100%. La última distribución de diciembre se dividió entre un 25% de dividendos calificados y un 75% de retorno de capital (ROC).
Las distribuciones se realizaron de la siguiente manera: $0.22 por acción en enero, abril y junio; $0.24 por acción en octubre; $0.08 en noviembre; y $0.08 en diciembre. KYN es una compañía de inversión cerrada y no diversificada que busca proporcionar altos rendimientos totales después de impuestos, con un énfasis en distribuciones en efectivo a los accionistas, invirtiendo al menos el 80% de sus activos totales en empresas de infraestructura energética.
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN)는 2024년 배당금의 세금 분류를 발표했습니다. 이 회사는 2024년 동안 6회의 배당을 시행했으며, 이 중 5회(1월부터 10월까지)는 100% 적격 배당금으로 분류되었습니다. 마지막 12월 배당은 25%의 적격 배당금과 75%의 자본 환급(ROC)으로 나뉘었습니다.
배당금은 다음과 같이 지급되었습니다: 1월, 4월 및 6월에 주당 $0.22; 10월에 주당 $0.24; 11월에 $0.08; 그리고 12월에 $0.08. KYN은 비다각화형 폐쇄형 관리 투자 회사로, 주주에게 현금 배당금을 강조하며 세후 총 수익을 높이기 위해 최소 80%의 총 자산을 에너지 인프라 기업에 투자하는 것을 목표로 합니다.
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) a publié la caractérisation fiscale de ses distributions pour 2024. L'entreprise a effectué six distributions tout au long de 2024, dont cinq (de janvier à octobre) ont été caractérisées comme des dividendes entièrement qualifiés. La dernière distribution de décembre a été répartie entre 25 % de dividendes qualifiés et 75 % de retour de capital (ROC).
Les distributions ont été effectuées comme suit : 0,22 $ par action pour janvier, avril et juin ; 0,24 $ par action pour octobre ; 0,08 $ pour novembre ; et 0,08 $ pour décembre. KYN est une société d'investissement fermée et non diversifiée qui vise à offrir des rendements totaux élevés après impôts, en mettant l'accent sur les distributions en espèces aux actionnaires, en investissant au moins 80 % de ses actifs totaux dans des entreprises d'infrastructure énergétique.
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) hat die steuerliche Charakterisierung seiner Ausschüttungen für 2024 veröffentlicht. Das Unternehmen hat im Jahr 2024 insgesamt sechs Ausschüttungen vorgenommen, wobei fünf Ausschüttungen (von Januar bis Oktober) als 100 % qualifizierte Dividenden charakterisiert werden. Die letzte Ausschüttung im Dezember wurde zwischen 25 % qualifizierten Dividenden und 75 % Rückzahlung von Kapital (ROC) aufgeteilt.
Die Ausschüttungen erfolgten wie folgt: $0,22 pro Aktie für Januar, April und Juni; $0,24 pro Aktie für Oktober; $0,08 für November; und $0,08 für Dezember. KYN ist eine nicht diversifizierte, geschlossene Management-Investmentgesellschaft, die darauf abzielt, hohe nachsteuerlichen Gesamterträge zu erzielen, wobei der Schwerpunkt auf Barausschüttungen an die Aktionäre gelegt wird und mindestens 80 % ihres Gesamtvermögens in Unternehmen der Energieinfrastruktur investiert.
- Consistent quarterly dividend payments throughout 2024
- Majority of distributions (5 out of 6) qualified as 100% qualified dividends, which may have favorable tax treatment for investors
- Final distribution of 2024 included 75% return of capital, which could indicate earnings didn't fully cover the distribution
- Reduction in distribution amount from $0.24 to $0.08 in November 2024
Insights
The tax characterization announcement by Kayne Anderson Energy Infrastructure Fund reveals a total distribution of
The fund's distribution strategy demonstrates sophisticated tax planning, with ROC distributions typically not immediately taxable but instead reducing the cost basis of shares. This can effectively defer tax liability until shares are sold, potentially resulting in more favorable long-term capital gains treatment. The consistent quarterly payments of
For a simpler explanation: Think of ROC like getting back part of your initial investment rather than earning new money. It's similar to taking money out of your savings account - you don't pay taxes because it's your money coming back to you. This makes the fund's payments more tax-friendly for many investors.
HOUSTON, Jan. 17, 2025 (GLOBE NEWSWIRE) -- KAYNE ANDERSON ENERGY INFRASTRUCTURE FUND ANNOUNCES TAX CHARACTERIZATION OF 2024 DISTRIBUTIONS
Houston, TX – January 17, 2025 – Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) announced today the tax characterization of its 2024 distributions.
| KYN Common Stock Distribution | Tax Character | |||||
Record Date | Payable Date | Amount | Qualified Dividends | Non-Dividend Distributions (ROC) | ||
| 1/3/2024 | 1/10/2024 | 100 | % | - | ||
| 4/5/2024 | 4/12/2024 | 100 | % | - | ||
| 6/28/2024 | 7/8/2024 | 100 | % | - | ||
| 9/30/2024 | 10/7/2024 | 100 | % | - | ||
| 11/15/2024 | 11/29/2024 | 100 | % | - | ||
| 12/16/2024 | 12/31/2024 | 25 | % | 75 | % | |
Additional information regarding the tax characterization of the Company’s 2024 distributions is available at www.kaynefunds.com.
This information is provided for general informational purposes only. It does not constitute, and should not be construed as, tax, legal, investment, or other professional advice and cannot be used or relied upon for the purpose of avoiding tax penalties. Investors should consult their tax adviser or legal counsel for advice and information concerning their particular situation.
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
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 tax characterization of KYN's 2024 distributions?
How much were KYN's quarterly distributions in 2024?
What percentage of KYN's assets are invested in Energy Infrastructure Companies?
Why did KYN's distribution amount change in November 2024?
